YEREVAN, August 19. /ARКА/. The Armenian Bureau of Motor Insurers has launched a new feature, as reported by the Central Bank of Armenia.
Thus, in the event of minor accidents, drivers will no longer need to stay on the road for extended periods: they can utilize the ASWA mobile application to capture images of the damage and the vehicles’ locations without requiring Internet access, allowing for a swift clearance of the roadway.
Subsequently, within three hours, they can complete the necessary information in a safe location with Internet access.
“These modifications will assist drivers in adhering to the requirements outlined in the legislative amendments that will take effect on September 1: to clear the road within 20 minutes following an accident,” the regulator stated, adding that this will also help prevent potential fines.
According to the Auto Insurers Bureau, more than 784 thousand MTPL contracts were signed in Armenia during the first seven months of 2025 (a 4.7% increase compared to January-July 2024), with the total amount of insurance premiums paid reaching 18.6 billion drams (an 18.8% increase). During this period, 47.7 thousand compensation claims were filed (a 2.3% increase), and the total compensation paid amounted to 12.8 billion drams (a 7.4% increase).
The average compensation amount stands at 268.8 thousand drams. The Compulsory Motor Liability Insurance has been operational in Armenia since January 1, 2011. ($1 — 382.97 drams).-0-
