Car insurance compensations surge by 32% to 3.6 bln drams in Armenia in April

05.06.2013 16:07
Car insurance compensations surge by 32% to 3.6 bln drams in Armenia in April

YEREVAN, June 5. /ARKA/. Armenia’s insurance companies paid a total of about 3,648.7 million drams in 18,330 car insurance compensation payments in January-April, an increase of 32% compared to January-March level, the website of Armenia’s car insurers’ bureau says.

There were over 371,400 vehicles insured in Armenia as of the end of April (0.96% increase over April). Total number of compensation claims exceeded 18,180 (31.7%); only some 150 claims were turned down, according to the report.

Compensation worth a total of 137.52mln drams is still under way.
Insurance bonuses amounted to a total of about 8.2bln drams over the four months, an 11.7% increase over April.

There are currently seven insurance companies operating in Armenia. ($1=416.84drams). –0—


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