YEREVAN, March 10. /ARKA/. Six Armenia-based insurance companies collected a total of 17.2 billion drams in 2015 as premiums for mandatory insurance of vehicles and paid 8.5 billion drams in damage compensation claims, according to ARKA news agency’s 2015 fourth quarter bulletin "Insurance companies of Armenia."

Overall, the companies collected a total of 30.1 billion drams as insurance premiums and paid 13.6 billion drams in damage compensation claims.

The leading company by size of premiums collected for mandatory insurance of vehicles was Rosgosstrakh-Armenia with 5.5 billion drams. It also paid 3 billion drams in damage compensation claims.

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Tags: Armenia, bulletin, compensation, insurance

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The Car Insurers Bureau of Armenia said beginning from March 4, motorists who get into road accidents will be allowed to themselves fill in all the papers necessary for filing damage claims worth up to 50,000 drams

Categories: General news, Insurance market, News, News of the hour | Comments Off on Parties to road accidents allowed to themselves fill in property damage claim declaration

Tags: Armenia, declaration, insurance, road accidents

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The number of insured cars has grown from 390,457 in 2011, when mandatory car insurance was introduced in Armenia, to 457,878 in 2015

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Tags: Armenia, insurance

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All six Armenia-based insurance companies were among the largest 1000 corporate taxpayers in 2015 having paid a total of 1.77 billion drams in various taxes, down from 1.97 billion drams they had paid in 2014

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Tags: Armenia, insurance, taxpayers

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Armenian urban development minister Narek Sargsyan said today the government is going to enforce a legislation allowing insurance of buildings in the capital city Yerevan from 2016

Categories: General news, Insurance market, News, News of the hour | Comments Off on Insurance of buildings to be introduced in 2016, minister

Tags: Armenia, insurance, NATIONAL ASSEMBLY

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Rosgosstrakh Armenia, a subsidiary of Russian Rosgosstrakh insurance company, said today it became the first in Armenia to have signed more than one million mandatory vehicle insurance contracts

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Tags: Armenia, insurance, ROSGOSSTRAKH

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VTB Bank (Armenia) has unveiled today new four types of insurance products, which it said were designed to make the everyday life of its clients more comfortable, saying some of them are ‘unique’ in the Armenian market

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Tags: Armenia, insurance, VTB Bank (Armenia)

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The Armenian insurance sector’s loss rate on mandatory car insurance was 50% in May 2015 – 1% lower than in the previous month, the Bureau of Car Insurers of Armenia reports on its website

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Tags: Armenia, insurance, mandatory

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ix Armenia-based insurance companies paid a total of 3.4 billion drams in 16,423 car insurance compensation claims in the first five months of this year

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Tags: compensation, insurance, January-May

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The bulk of complaints filed by Armenian citizens to the office of the financial ombudswoman is about poor work of insurance companies, concerning, particularly, the mandatory insurance of vehicles, financial ombudswoman Piruz Sarkisian said today

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Tags: Armenia, Financi, insurance

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