Volume Of Compensations Of Mandatory Car Payments In January-September 2011 Was About 3 Billion Drams In Armenia

YEREVAN, September 26. /ARKA/. Insurance companies of Armenia as of August 31 paid 13.850 compensations by mandatory car insurance in the total amount of 2.85 billion drams. The volume of insurance premiums was about 13.168 billion drams, said Executive Director of the Bureau of Car Insurers Vahan Avetisyan.

“As of August 31 about 373 thousand transport means was insured in Armenia. The number of applications on the payment of compensation was about 15 thousand. Applications were not met only in 89 cases”, said Avetisyan in the parliament hearings dedicated to the results of eight months of operation of mandatory car insurance in Armenia.

Currently, compensations of 1 billion drams are in process.

“Most of the compensation – 91.6% is paid for the damage of real estate, 3.75 – causing harm to health, 4.3% – other personal harm, 0.4% – compensation of expenses related to the death of the citizen”, he said.

Insurance payments implemented by the Bureau of Car Insurers within eight months of 2011 were 33 million drams, of which 19.3 million was paid for the damage of real estate, 13.7 – personal harm and harm to the health.

“According to the data of the Police department of Armenia as of August 31 about 465 thousand transport means and 17 873 (13 thousand of which insured) in NKR is compensated which allows to make conclusion that 78-79% of cars in Armenia are insured”, he added.

Institute of mandatory car insurance operates since January 1, 2011 in Armenia. ($1 – 372.88 drams).—0–

spot_img

POPULAR

Average exchange rate of the Armenian dram to the US dollar in May was 4.7% lower than a year ago

In May 2026, the average exchange rate of the Armenian dram to the US dollar was 368.5 drams, compared to 386.6 drams in May 2025, according to data from the Statistical Committee of Armenia.

VTB (Armenia) Develops Telemarketing as a Modern Remote Service Channel

VTB (Armenia) is developing its telemarketing strategy, taking remote banking to a new level.

Customer Appreciation Day in Gyumri: IDBank

This time, IDBank’s Customer Appreciation Day, filled with surprises and gratitude, was held at the Bank’s Gyumri branch. Bringing this now traditional event to the regions is part of the Bank’s commitment to staying closer to its customers.

State Revenue Committee of Armenia discussed tax regulation of crypto assets with market participants

The State Revenue Committee of Armenia held a discussion with market participants on tax regulation of the cryptocurrency sector, the press service of the State Revenue Committee of Armenia reported.

Euro and ruble exchange rates against the Armenian dram rose, while the dollar fell: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, determined on the Armenian foreign exchange market as of June 5, 2026, fell by 0.05 points compared to June 4, to 368.54 drams.

LATEST NEWS

spot_imgspot_imgspot_img