Sun, 17 August
25.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Majority of complaints received by Armenian Financial Ombudsman office about mandatory car insurance

YEREVAN, November 12. /ARKA/. Complaints related to obligatory car insurance dominate the total number of the complaints about insurance companies the Armenian financial ombudsman’s office receives, Armenian Financial Ombudswoman Piruz Sargsyan said on Wednesday.

She told journalists that the office has received 7,753 complaints against financial organizations, of which 1,830 were against insurance companies, including 1,296 complaints connected with mandatory car insurance, 212 with other types of car insurance and 267 with medical insurance.

“Complaints against insurance companies make up a significant part of the total number of complaints, and we see that the number of complaints is growing about 1.5 times every year,” Sargsyan said.

“Complaints on mandatory car insurance make up 70% of complaints against insurance companies.”
She said that the most of complainants dispute damage assessment asking the financial ombudsman office for independent experts’ assistance.

Sargsyan said that decisions on 62-67% of the total number of complaints are made in favor of clients. The biggest number of disputes is settled amicably, but very often the office confirms clients’ rights.

“The difference in assessments ranges from 3,000 drams to 20% of the initial amount,” she said. “There are certain factors in the assessment system which should be taken into account.”

According to the office’s report released in early September, the office has received 7,192 complaints since January, 2009, and about 554 million drams has been paid to complainants as compensations.

Some 2,055 complaints against financial organizations, mostly banks and insurance companies, were filed to the financial ombudsman’s office in 2014 alone, and financial organizations paid about 101 million drams to complainants mostly voluntarily under the financial ombudsman’s mediation. ($1 – AMD 415.30). —–0——

spot_img

POPULAR

Armenia registered an inflation rate of 3.4% in July.

According to the National Statistical Committee (NSC) of Armenia, 12-month inflation in the consumer market amounted to 3.4% in July of this year.

Euro jumps 2.54 points to AMD 447.76

The average market exchange rate of the US dollar to the Armenian dram on August 7, 2025, fell by 0.03 points compared to August 6 and amounted to AMD 383.65.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Deposits in commercial banks of Armenia at the end of June amounted to 6.7 trillion drams

According to the National Statistical Committee, the volume of deposits in all 17 Armenian commercial banks at the end of June 2025 amounted to 6,693,323 million drams, up from 6,665,578 million drams in May.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

LATEST NEWS

spot_imgspot_imgspot_img