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

AMX conducts government bond auction totaling 40 billion drams

YEREVAN, August 11. /ARKA/. On August 11, the Armenia Securities Exchange (AMX) executed a government bond auction amounting to 40 billion drams, as reported by the exchange's press service.

Euro continued to rise against the Armenian dram, while the dollar and ruble weakened: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market, fell by 0.87 points on August 5, 2026, compared to August 4, to 366.14 drams.

Loan and leasing portfolio of Armenian credit institutions in the first half of 2026 amounted to 681.8 billion drams

YEREVAN, August 10. /ARKA/. As of June 30, 2026, the total loan investment and leasing portfolio of Armenian credit institutions reached 681.8 billion drams, reflecting a 1.64% increase from the previous quarter and a 3.23% rise since the start of the year.

Assets of Armenian credit institutions exceeded 905 billion drams in the first half of the year, up 5.12% from the beginning of the year

The total assets of Armenia's credit institutions as of June 30, 2026, amounted to 905.17 billion drams, an increase of 2.58% compared to March 31, 2026, and a 5.12% increase from the beginning of the year.

Customer Appreciation Day – This Time at IDBank’s “Erebuni” Branch

YEREVAN, August 11. /ARKA/. IDBank’s initiative dedicated to thanking customers and surprising them without any special occasion was held at the “Erebuni” Branch.

LATEST NEWS

spot_imgspot_imgspot_img