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Bonus-malus system to reward bona-fide motorists

13.07.2013 16:59

Bonus-malus system to reward bona-fide motorists

YEREVAN, July 13. / ARKA /. On January 1, 2013 Armenia began introducing the so-called bonus-malus system designed to reduce an insurance premium, especially one covering a motor vehicle, if no claims have been made within a specified period.

This in view, the Motor Insurers Bureau of Armenia began a wide-ranging program to inform the public about the changes that have been made to the obligatory insurance of vehicles and the incoming changes. As part of that campaign the Motor Insurers Bureau conducted a seminar today for experts and journalists.

Anna Vardikyan, the executive director of the Motor Insurers Bureau, said 75 percent of car owners who have made no claims have been awarded bonuses worth 350 million drams.

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