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

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (July 20–26)

Armenia's financial agenda last week was determined by the banking sector's first-half results, changes in the money transfer sector, and exchange rate dynamics.

Changes in Byblos Bank Armenia’s Executive Management

Byblos Bank Armenia CJSC announces that the Bank’s Chief Executive Officer Hayk Stepanyan will conclude his tenure with the Bank effective August 1, 2026.

Moody’s Affirms Armenia’s Rating at Ba3 and Improves Outlook to Positive

The international rating agency Moody's Ratings has revised the outlook on Armenia's sovereign rating from stable to positive, affirming its long-term issuer ratings in both local and foreign currencies at Ba3.

Euro rose against the Armenian dram, while the dollar and ruble continued to decline: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market, fell by 0.34 points on July 29, 2026, compared to July 28, to 366.2 drams.

Moody’s Upgrades Unibank’s Rating Outlook to Positive and Affirms B1 Long-Term Deposit Ratings

Moody’s Ratings has affirmed Unibank’s long-term deposit ratings at B1, as well as its b2 BCA and Adjusted BCA.

LATEST NEWS

spot_imgspot_imgspot_img