Saturday, April 9 2011 13:25
INGO Armenia Insurance Company paid 92 mln drams MTL and CASCO indemnities in March
ArmInfo. INGO Armenia Insurance Company paid 73 mln drams MTL indemnities (compulsory motor third party liability insurance) and 19 mln drams autoCASCO indemnities in March, INGO Armenia PR Service told ArmInfo.
To recall, last year the company collected 1.9 bln drams voluntary insurance premiums. Less than in a year the company grew over 3fold and increased the number of its specialists from 27 to 108 people. The company's agent network comprises over 600 consultants and in 2011 the company will employ another 1500 agents. INGO ARMENIA Insurance Company is a full member of INGO International Insurance Group. A potential customer of the company can use the service of delivery of compulsory motor third party liability insurance (MTL) policies, and order the policy by phone, e-mail and via payment terminals. Company has a license for 13 classes of non-life insurance.
The Law on MTL came into force on 1 Jan 2011. The Armenian insurers started selling MTL policies starting 18 Oct 2010 and have already made nearly 340,000 MTL contracts.