Average loss rate of Armenia's insurance companies rises 1% to 51% in June

24.07.2015 15:52
Average loss rate of Armenia's insurance companies rises 1% to 51% in June

YEREVAN, July 24. /ARKA/. The loss rate of Armenia's insurance companies averaged 51% in June 2015 showing a one-percent month-on-month growth, the Bureau of Car Insurers of Armenia reports at its website.

In June 2014, their loss rate was recorded at 58%.

Loss rates on mandatory car insurance in Armenia are permitted to be between 75 and 78 percent, depending on burden level (22-25%).

There were 433,136 insured motor vehicles in Armenia in late June 2015 (no significance change since May).

Mandatory car insurance was instituted in Armenia in January 1, 2011.

The country's insurance market is under the central bank's control.

Six insurance companies operate in Armenia now. --0--


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