Sat, 12 April
7.1 C
Yerevan
USD: 391.07 RUB: 4.66 EUR: 443.20 GEL: 142.03 GBP: 511.21
spot_img

Armenia’s insurance companies pay 9.5 billion drams in mandatory motor insurance compensations in 11 months

YEREVAN, December 16, / ARKA /. Seven Armenia-based insurance companies paid nearly 9.5 billion drams in a total of 48,809 mandatory motor insurance compensations in January-November 2013, a 15.3 percent rise form the year before, the website of Motor Insurers’ Bureau of Armenia reported.

Some 399,140 vehicles were insured in Armenia in the reporting period (5.2% increase), with 49,565 compensation payment applications filed (20.3% increase), according to the report. Only 552 applications were not met, the Motor Insurers’ Bureau said.

Compensations worth a total of 145.9 million drams (reduction of 26.4%) are under way currently, it said.

Insurance premiums in January-November totaled nearly 14 billion drams, a 2.9 % growth compared to the same period of 2012.

Motor insurance became mandatory in Armenia as of January 1, 2011. Armenia’s Central Bank has been in charge of insurance market since 1 January 2006. ($1-404.95 drams). M.M.-0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

Top ten Armenian banks by size of lending in 2019

In 2019, the overall loan portfolio of Armenia's banking sector grew by 16.4% to 3.572.2 trillion drams

LATEST NEWS

spot_imgspot_imgspot_img