Tag: CAR INSURANCE

Armenia could become a platform for implementing insurance technologies and AI solutions: head of the Bureau of Motor Insurers

Armenia could become a practical platform for testing and implementing modern insurance technologies and solutions based on artificial intelligence.

Armenia’s insurance market is undervalued but has significant growth potential: Deputy Governor of the Central Bank

Armenia's economy maintains high growth rates and macroeconomic stability, creating a favorable environment for insurance development, said Deputy Governor of the Central Bank of Armenia Armen Nurbekyan.

Maximum insurance compensation limits in Armenia’s compulsory motor third-party liability insurance (CMTPLI) system will increase starting April 1

Amendments to the rules of the compulsory motor third-party liability insurance (CMTPLI) system will come into effect in Armenia on April 1, 2026, providing for an increase in maximum insurance payout limits, according to the Bureau of Motor Insurers of Armenia.

The mandatory health insurance system will cover approximately 30% of medical services in Armenia – Prime Minister

According to the Armenian government's estimates, approximately 30% of medical services will be included in the insurance package under the mandatory health insurance system, Prime Minister Nikol Pashinyan announced at a briefing.

New Strategy for Development of CMTPL Sphere in Armenia Focuses on Technology and Improving Quality of Services

The two-year strategy for the development of the CMTPL sphere, approved in Armenia at the beginning of 2025, is an important step for the development of this market segment, said Armen Nurbekyan, Deputy Chairman of the Central Bank of Armenia, Chairman of the Board of the Auto Insurers Bureau, at an event dedicated to the 15th anniversary of the Bureau.

Armenia is developing a concept for mandatory insurance against damage from natural disaster

The idea of mandatory insurance for damage caused by natural disasters is being discussed in Armenia.

Volume of insurance premiums in Armenia in 2024 amounted to 73 billion drams

he volume of insurance premiums in Armenia in 2024 amounted to 73,030.1 million drams, according to the report of the National Statistical Committee of Armenia, titled “Activities of Insurance Companies of Armenia in the Fourth Quarter of 2024.”

Car insurance compensation claims double in Yerevan

Starting from August 1, 2020, the maximum amount of a car insurance compensation claim has increased if the parties involved in the accident register it by themselves by filling in the electronic form of the Agreed Statement and by using the ASWA mobile application, the Car Insurance Bureau said

Armenian government extends deadline for agriculture insurance by one month

The Armenian government has extended the deadline for farmers to conclude agricultural insurance contracts by one month until May 15, Anna Ohanyan, spokeswoman for the Ministry of Economy, wrote in a Facebook post.

Rosgosstrakh Armenia warns against invalid car insurance

Rosgosstrakh Armenia made a statement warning drivers against invalid car insurance policies

Ratio of car insurance losses of armenian insurance companies in 2014 may grows 0.1% in May to 59.1%

The ratio of car insurance losses incurred by Armenia-based insurance companies in 2014 May grew by 0.1 percentage point in May from April to 59.1 percent, according to a statement posted today on the official website of Armenia’s Car Insurance Bureau

Mandatory car insurance compensations in Armenia hit nearly AMD 6.8bln in Jan-August

Armenia’s insurance companies paid nearly 6.8 billion drams in a total of 34,898 mandatory motor insurance compensations in January-August 2013, the website of Motor Insurers’ Bureau of Armenia reports