Tue, 15 July
28.1 C
Yerevan
USD: 383.74 RUB: 4.93 EUR: 450.05 GEL: 141.25 GBP: 521.81

Armenian insurance companies paid 8.9 billion drams in car insurance compensation claims in eleven months

YEREVAN, December 23. /ARKA/. All seven Armenia-based insurance companies paid a total of 8.9 billion drams in 45,827 car insurance compensation claims in the first eleven months of this year, a decrease of 6.1% compared to January-November 2013, a statement posted on the official website of Armenia’s Car Insurers’ Bureau says.

According to the statement, the leading company by size of paid insurance claims was Rosgosstrakh – Armenia – 3,363.5 million drams. Ingo Armenia was second with about 1,713.3 million drams and Nairi Insurance was the third with more than 1,061.3 million drams paid in insurance claims.

Reso paid 1,054.6 million drams, Sil Insurance – 856.9 million drams, Armenia Insurance – about 667.9 million drams and Garant Insurance – 42.9 million drams.

Armenia’s Car Insurers’ Bureau paid about 115.8 million drams in car insurance compensations.

According to the statement, in November alone the companies paid about 732 million drams in 3,989 claims. The average amount of a claim was 195,093 drams.

According to the statement, at the end of November 2014 there were 450,479 insured vehicles in Armenia, by 1,615 more than in October.

Number of compensations claims exceeded 45,683 in January-November, of them 1,006 were declined. Claims worth a total of 115,483,000 drams are in the process of payment.

The amount of insurance premiums in January-November exceeded 15.5 billion drams, having increased by 10.5% compared to the same period last year.

Insurance against physical damage caused to other cars and individuals became mandatory in Armenia on January 1, 2012.  . ($1-456.17 drams). –0–

spot_img

POPULAR

Armenia approves grant agreement with ADB for $6 million seismic safety improvement program

The Armenian government approved a $6 million grant agreement between the Republic of Armenia and the Asian Development Bank (ADB) on a seismic safety improvement program at a meeting on Thursday.

Armenian government approved an agreement with the EIB for 50 million euros for the infrastructure development of Syunik

At a meeting on Thursday, the Armenian government approved a proposal to sign a financial agreement with the European Investment Bank (EIB) “Armenia - Sustainable Syunik Program, Special Investment Window 1 EFSD+” for 50 million euros.

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

Euro rises by 0.94 drams against Armenian dram

The average market exchange rate of the US dollar against the Armenian dram as of July 10, 2025, dropped by 0.08 points compared to July 9 and amounted to 383.74 drams.

In Armenia, bad loans worth over $1 million have been written off under the state support program – Ministry of Social Affairs

14,757 applications for writing off bad loans have been received in Armenia within the framework of the relevant state support program, which started on February 1, 2025.

LATEST NEWS

spot_imgspot_imgspot_img