All news related to insurance

Insurance companies unhappy with Armenia’s Single Window for Automotive platform

11.02.2019 18:53

Insurance companies unhappy with Armenia’s Single Window for Automotive platform

YEREVAN, February 11. /ARKA/. Armenian insurance companies are getting increasingly unhappy with the Armenia’s Single Window for Automotive (ASWA) platform, designed for handling vehicle insurance-related cases because of suffering additional losses, said Hayk Arakelyan, the head of the Union of Insurance Agents.

ASWA was launched on November 1, 2017 by BIVAC Armenia. ASWA is a web-based platform, which is designed for the digital exchange of information and regulation of issues related to mandatory insurance of vehicles. This platform can be used by any motorist, insurance agent or an employee of an insurance company for online conclusion of vehicle insurance contracts.

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Insurance companies collect about 30 billion drams as premiums for insurance of vehicles

27.11.2018 16:39

Insurance companies collect about 30 billion drams as premiums for insurance of vehicles

Six Armenia-based insurance companies collected a total of 29.9 billion drams in the first 9 months of 2019 as premiums for mandatory insurance of vehicles and paid 16.7 billion drams in damage compensation claims

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Bureau of car insures reports dramatic rise in all indicators

03.04.2018 18:43

Bureau of car insures reports dramatic rise in all indicators

The Armenian Bureau of Car Insurers saw a 30-40% rise in all indicators in 2017, including the number of insurance cases, the head of the Bureau Vahan Avetisyan told a news conference today

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German KfW to provide 5.3 million to Armenia to help introduce agriculture insurance scheme

14.12.2017 18:38

German KfW to provide 5.3 million to Armenia to help introduce agriculture insurance scheme

The government of Armenia has approved today a draft grant agreement between the ministry of finance and the German state-owned KfW bank to the tune of 5.3 million euros

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Insurance companies collect 13.4 billion drams in 9 months as premiums for mandatory insurance of vehicles

24.11.2017 11:14

Insurance companies collect 13.4 billion drams in 9 months as premiums for mandatory insurance of vehicles

Six Armenia-based insurance companies collected a total of 13.4 billion drams in the first 9 months of 2017 as premiums for mandatory insurance of vehicles and paid 7.9 billion drams in damage compensation claims

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Online mandatory insurance of vehicles available in Armenia

01.11.2017 16:05

Online mandatory insurance of vehicles available in Armenia

Armenian motorists are now able to conclude mandatory insurance of their vehicles with any insurance company online at a 5% discount on insurance premiums, the Bureau of Car Insurers of Armenia said today

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‘A Clean Home’ insurance can be formalized at VTB Bank (Armenia)

14.09.2017 17:14

‘A Clean Home’ insurance can be formalized at VTB Bank (Armenia)

VTB Bank (Armenia) and ROSGOSSTRAKH ARMENIA Insurance Company are presenting a new product – immovable property insurance “A Clean Home”, the press office of the bank reports

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VTB Bank (Armenia) offers beneficial insurance products

20.04.2017 14:16

VTB Bank (Armenia) offers beneficial insurance products

VTB Bank (Armenia), as an agent of Armenia’s flagship insurance companies, offers beneficial insurance products, which can be acquired right in the bank, without visiting insurance companies’ offices

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Armenia and Iran set to expand cooperation in the field of insurance

10.02.2017 17:28

Armenia and Iran set to expand cooperation in the field of insurance

Armenia and Iran are set to expand cooperation in the field of insurance, the press service of the Armenian ministry of economic development and investments said following a meeting between minister Suren Karayan and the director general of the Central Insurance Company of Iran Abdolnaser Hemati

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No consolidations expected in Armenia’s insurance sector in 2017 – INGO Armenia

29.12.2016 14:12

No consolidations expected in Armenia’s insurance sector in 2017 – INGO Armenia

Arevshat Meliksetyan, executive director of INGO Armenia, told journalists on Wednesday, that he expected no consolidations in Armenia’s insurance sector in 2017

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