Armenian insurance companies pay 4.8 billion drams in 8-month car insurance compensation claims

YEREVAN, September 16. /ARKA/. Six Armenia-based insurance companies paid a total of 4.8 billion drams in 25,332 car insurance compensation claims in the first eight months of 2016, a decrease of 5.8% 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 – 1.688.7 billion drams. Ingo Armenia was second with about 953.1 million drams, while Nairi Insurance was third with 707.8 million drams.

Sil Insurance paid 573.5 million drams, Reso Insurance -523.4 million drams and Armenia Insurance –about 316 million drams. The average amount of a claim in 2016 August was 200,312 drams.
Also the total amount of insurance premiums collected in the first eight months of 2016 grew by 0.8% from the year before to 12 billion drams.

According to the statement, at the end of August 2016 there were 447,787 insured vehicles in Armenia, by 3,208 more than in 2016 August.

The mandatory insurance against physical damage caused to other cars and individuals became mandatory in Armenia on January 1, 2012. ($1 – 474.00 drams). .—0–

spot_img

POPULAR

Chairman of Central Bank: Interest rates on loans for bona fide SMEs may decrease by 1-1.5%

The Central Bank of Armenia has initiated a program to support small and medium-sized businesses, under which interest rates on loans for companies with good credit and tax histories may be reduced by 1-1.5%, stated Central Bank Chairman Martin Galstyan.

Russian ruble exchange rate in Armenia exceeded 5 drams: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of May 13, 2026, increased by 0.01 points compared to May 12, reaching 368.63 drams.

EBRD invested €3 billion in Armenia through 245 projects – Falcetti

The European Bank for Reconstruction and Development (EBRD) is one of the leading institutional investors in Armenia, and to date has invested over €3 billion in Armenia through 245 projects, 85% of which are in the private sector.

Central Bank of Armenia is discussing the creation of a guarantee fund for small business lending with the Ministry of Economy and the World...

The Central Bank of Armenia, together with the Ministry of Economy and partners from the World Bank, is discussing a mechanism for providing partial guarantees for small and micro businesses through a special guarantee fund.

The international chess tournament supported by IDBank has concluded

The Yerevan Spring ID Cup, organized with the support of IDBank, has successfully concluded.

LATEST NEWS

spot_imgspot_imgspot_img