Thu, 19 February
6.1 C
Yerevan
USD: 377.69 RUB: 4.93 EUR: 446.88 GEL: 141.06 GBP: 512.37

Armenian insurance companies paid 2.5 billion drams in 12,924 car insurance compensation claims in four months of 2016

YEREVAN, May 12. /ARKA/. Six Armenia-based insurance companies paid a total of 2.5 billion drams in 12,924 car insurance compensation claims in the first four months of 2016, a decrease of 4.2% when compared to the same time span of 2015, 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 – 839.8 million drams. Ingo Armenia was second with about 511 million drams, while Nairi Insurance was third with 346.6 million drams paid in insurance claims.

Sil Insurance paid 293.3 million drams, Reso Insurance 265 million drams and Armenia Insurance -172.7 million drams.

According to the statement, as of April 30, 2016 there were 437,234 insured vehicles in Armenia, by 345 less from the year earlier.

Also the total amount of insurance premiums in the first four months of 2016 dropped by 6.7 percent from the year earlier to 5.8 billion drams.

The mandatory insurance against physical damage caused to other cars and individuals became mandatory in Armenia on January 1, 2012. ($1 – 479.09 drams). .—0–

spot_img

POPULAR

“Team Holding” CJSC’s bonds listed on Armenia Stock Exchange

One of Armenia’s diversified companies, “Team Holding” CJSC, is officially entering the capital market today by listing bonds on the Armenia Stock Exchange (AMX).

Head of the Union of Banks of Armenia named the riskiest lending sectors

Daniel Azatyan, the head of the Union of Banks of Armenia, identified mortgage and consumer lending as areas that require attention in the context of the risk of credit market overheating.

USD, euro, and ruble appreciate against Armenian dram

As of February 16, 2026, the average market exchange rate for the US dollar to the Armenian dram increased by 0.73 points compared to February 13, reaching 377.67 drams.

Two-thirds of Armenia’s January inflation was driven by rising food and soft drink prices – WB

Two-thirds of the inflation was driven by a 5.9% increase in food and soft drink prices, according to the World Bank's "Armenia Monthly Economic Update – February 2026."

Yerevan budget revenues executed 103.6% in January 2026 — Municipality

Yerevan's budget revenues in January 2026 amounted to 7.2 billion drams, compared to the planned 6.9 billion drams, Acting Head of the Revenue Accounting and Collection Department of the Yerevan Municipality, David Hakobyan, announced at a working meeting on Monday.

LATEST NEWS

spot_imgspot_imgspot_img