Armenian insurance companies pay 1.7 billion drams in car insurance claims in two months

Armenian insurance companies pay 1.7 billion drams in car insurance claims in two months

YEREVAN, March 28. / ARKA /. All seven Armenia-based insurance companies paid a total of 1.68 billion drams in 9,286 car insurance compensation claims in the first two  months of this year, an increase of 8.9% compared to the first two months of 2013, a statement posted on the official website of Armenia’s Car Insurers’ Bureau says. 

According to the statement, the leading company by size of paid insurance claims was Rosgosstrakh – Armenia - 633.7 million drams. Ingo Armenia was second with more than 302.8 million drams and Reso was third with more than 205.2 million drams paid in insurance claims. 

Nairi Insurance is said to have paid 183.3 million drams, Sil Insurance - 180.7 million drams, Armenia - Insurance - 111.9 million drams and Garant Insurance - 42.9 million drams. 

According to the statement, at the end of February 2014 there were 535,438 insured vehicles in Armenia, by 14,298 more from January, and by 19 percent more from the year before.

The total number of compensation claims in the first two months of 2014 was 9.446 and only 109 claims were turned down, according to the statement.  The payment of another 120.4 million drams worth compensations is still underway, it said. 

Also the total amount of insurance premiums in January-February 2014 dropped by 7.7 percent from the year earlier to 6 billion drams. 

The mandatory insurance against physical damage caused to other cars and individuals became mandatory in Armenia on January 1, 2012.  ($1-412.07 drams).—0--

15:20 28.03.2014

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