YEREVAN, June 23. /ARKA/. The ratio of car insurance losses incurred by Armenia-based insurance companies in 2014 May grew by 0.1 percentage point in May from April to 59.1 percent, according to a statement posted today on the official website of Armenia’s Car Insurance Bureau.

The figure was down from 75.6 percent loss ratio incurred by insurance companies in their total activities. The permitted ratio of car insurance losses is 75 to 78%. According to the statement, at the end of May 2014 there were 443,037 insured vehicles in Armenia, by 2,500 more than in April.

The mandatory insurance against physical damage caused to other cars and individuals became mandatory in Armenia on January 1, 2012. The country’s insurance market is controlled by the central bank. ---0-----

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Armenian banks’ lending to private companies grew 8.2% in the first quarter of this year, compared with the same quarter a year before, to AMD 1.052.3 trillion, according to ARKA News Agency’s «Banks of Armenia» bulletin that contains figures taken from banks’ reports for the 1st Q 2014

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Three major Armenian insurance companies paid 67.7% of all compensation payments for damages caused 33,439 traffic accidents involving mandatory insured cars in the first 11 months of this year

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Total assets of seven Armenia-based insurance companies amounted to more than 46.2 billion drams as of September 30, 2013, having increased by 23.3 percent from the beginning of the year

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Armenia’s insurance companies paid nearly 6.8 billion drams in a total of 34,898 mandatory motor insurance compensations in January-August 2013, the website of Motor Insurers’ Bureau of Armenia reports

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Three major Armenian insurance companies paid 68.7% of all compensation payments for damages caused by 21,102 traffic accidents involving mandatory insured cars in the first seven months of this year, which amounted to 4 million drams, the Bureau of Car Insurers said in a statement, posted on its official website

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Armenia’s insurance companies paid a total of 5.8 billion drams in 30,373 car insurance compensation payments in the first seven months of this year, an increase of 19% compared to the first seven months of 2012n, a statement posted on the official website of Armenia’s Car Insurers’ Bureau says

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Armenia’s insurance companies posted 552.8 million drams in net profit as of the end of June 2013, an increase of 5.18% compared to the same period of the year before, according to ARKA’s “Insurance companies of Armenia” quarterly bulletin for Q2 2013

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Asian stocks rose Thursday as mixed U.S. corporate earnings and a slump in orders for U.S. durable goods convinced investors that central banks would continue efforts to help the global economic recovery

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Three Armenian insurance companies paid 68.5% of all compensation payments for damages caused by traffic accidents involving mandatory insured cars in January of this year which amounted to 510.4 million drams, the Bureau of Car Insurers said in a statement, posted on its official website. According to the statement, total compensations paid by all insurance companies in January amounted to about 744.3 million drams

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