Wednesday, June 15 2011 18:08
INGO Armenia registers 164 road accidents in June 2011
ArmInfo. INGO Armenia insurance company has registered 164 road accidents in June 2011 (53 in marzes). In 119 cases the company has paid compensation (a total of 28mln AMD).
The press service of the company reports that 10 applicants also had CASCO insurance policies and received 7mln AMD more.
According to ArmInfo's Ranking of Insurance Companies of Armenia, Jan 1 2011 INGO Armenia had the biggest amount of insurance premiums - 1.9bln AMD (16% more than Jan 1 2010). 77% of premiums were collected from legal entities (10% annual growth), 23% - from individuals (41% growth). Jan 1 2011 the company's assets totalled 4.2bln AMD (2nd place among Armenia's insurance companies), capital - 1.7bln AMD (3rd place), insurance reserves - 1bln AMD (2nd place), insurance profit - 1.2bln AMD (1st place).
INGO Armenia is member of INGO Group and has licenses for 13 categories of non life insurance.
The law on motor third party liability insurance took force Jan 1 2011 with over 340,000 relevant contracts made so far.