Tue, 12 August
28.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

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 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.

Market capitalization in July increased by 45.3% year-on-year, exceeding 463 billion drams – Armenia Stock Exchange

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

Armenian Central Bank  developing mechanisms for insurance and combating financial fraud

Armenia's Central Bank is developing a set of tools to combat financial and cyber fraud, the deputy chairman of the Central Bank Armen Nurbekyan said at a press conference on Tuesday.

Net inflow of money transfers to Armenia from abroad decreased by 1.3% in half-year

The net inflow of cross-border transfers in favor of individuals in Armenia, received from abroad through the banking system of the Republic of Armenia, in January-June 2025 amounted to $587.6 million against $595.4 million in January-June 2024, according to the report of the Central Bank of the Republic.

Average settlement rate of dram to dollar in July was 1% lower than a year ago

In July 2025, the average settlement rate of the Armenian dram to the US dollar was 384.1 drams, which is 1% lower than the same indicator in June 2024 (388.1 drams).

LATEST NEWS

spot_imgspot_imgspot_img