Thu, 11 September
18.1 C
Yerevan
USD: 382.49 RUB: 4.51 EUR: 447.51 GEL: 142.09 GBP: 517.74

About 10.4bln drams paid in car insurance compensation in Armenia over 2013

YEREVAN, February 19. /ARKA/. Armenia’s insurance companies paid about 10.45 billion drams in a total of 53,837 compensations on compulsory third-party motor insurance in 2013.

Total amount of compensations rose by 12.6% over the year, the Bureau of Car Insurers of Armenia reported.

According to the official information, more than 407,444 motor vehicles were insured in the country as of the end of December 2013. Out of over 54,956 applications for compensation (19.2% increase) 639 were not satisfied in the period.

Apart from this, claims worth a total of 125.5 million drams (28.8% reduction compared to the year before) are still pending.

Insurance bonuses rose by 6.7% over the year to about 16.1 billion drams.

There are seven companies operating in the Armenian insurance market today.

The compulsory third-party motor insurance was introduced in Armenia on January 1, 2011.

The Central Bank of Armenia has been performing supervision functions in the insurance market since January 1, 2006. ($1=412.09drams). –0–

spot_img

POPULAR

3.6% inflation registered in Armenia in August

n the consumer market of Armenia, 12-month inflation in August of this year amounted to 3.6%, according to the report of the National Statistical Committee (NSC) of Armenia.

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.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Market capitalization in August increased by 41.4% year-on-year to 460 billion drams – Armenia Stock Exchange

Armenia Stock Exchange (AMX) has summarized the trading activity for August 2025. The month showed a dynamic trading environment, highlighting growing investor confidence and market activity.

ArCa payment system reinstated

The Armenian Card (ArCa) payment system has been completely reinstated, according to a report from the company's press service.

LATEST NEWS

spot_imgspot_imgspot_img