22.04.2013 17:39
YEREVAN, April 22. /ARKA/. Armenia’s insurance companies paid a total of about 2,763.6 million drams in 13,947 compensations for mandatory car insurance in the first quarter of 2013, Armenian Motor Insurers’ Bureau reported.
There are more than 367,800 motor vehicles insured in Armenia as of Q1, 2013, according to the report. There were over 13,799 claims filed for car insurance compensation in the reporting period; only 99 of them were turned down, the Bureau’s website reports.
Claims payments worth a total of 148.69 million drams are currently in process.
Insurance premiums totalled to about 7.4 billion drams in the period.
There are currently seven insurance companies operating in Armenia’s insurance market. The mandatory car insurance was introduced in the country as from January 1, 2011.
The central bank is the regulator of the country’s insurance industry. ($1=416.39drams). –0--
Read the news first and discuss them in our Telegram
Tags:
2016-08-30 12:51:57 Armenia’s gross international reserves shrink 3.7% to $1 566.4 million in second quarter
2016-08-15 17:46:05 Arka releases regular issue of “Insurance Companies of Armenia” bulletin for the second quarter of 2016.2016-05-17 17:04:52 Armenian banks’ overall costs in first quarter of 2016 decreased by 3.81% to 26.1 billion drams
2016-02-12 16:32:10 Armenia simplifies procedures for paying compensations for deposits frozen in Soviet Union’s bank
2015-08-25 19:53:05 Armenian credit organizations report 28% rise in their net profit in quarter two
