Friday, October 2 2015 20:08

RESO Insurance launches "RESO Autogas" to insure risk of explosion of gas cylinders in vehicles

ArmInfo. RESO Insurance has launched insurance of transport vehicles against explosion of gas cylinders, the Company's Deputy CEO Hakob Hakobyan said at a press conference on October 2.

"The decision to launch this product followed the increased number explosions of gas cylinders in vehicles at the gas filling stations.  We have surveyed the market for the demand of the product. 2000 drivers and 120 managers or owners of gas filling stations have been interviewed and 95% of the respondents have expressed readiness to buy this policy. At the same time, the overwhelming majority expressed fears related to the operability of gas cylinders in vehicles", the RESO Deputy CEO said.

According to him, the company has particularly worked out  "RESO Autogas", a unique product on Armenia's insurance market, which is a component of CASCO insurance and covers part of its risks, that is the insurance cases of explosion of the gas cylinders in the vehicles. The policy costs 3 thousand, 4 thousand and 5 thousand AMD yearly, depending upon the market-value of the vehicle, and the insurance amount totals 3 million, 4 million and 5 million AMD, respectively. The company will provide this insurance for all kinds of cars, regardless of their cost, model and year made. Moreover, the damage caused by the explosion of the gas cylinders will be compensated for in all the insurable events, except for the explosion of the cylinders for oxygen and ammonium. The insurance will be provided without checking the gas cylinder functionality. The agreement is valid for one year. The product can be purchased at all the RESO sales offices from October 1. From October 10, the product will be also available at several gas- filling stations, newsstands, in the departments of Passport and Visa Office of Armenia's Police and in the service points of the State Committee of the Real Estate Cadastre.

"The company will be therefore implementing a kind of project, which will make "furor" in the market of voluntary vehicle insurance, as it will incite the drivers to be more careful when installing and exploiting the gas cylinders, and to take care of both their own and others' lives," the insurer said.

Nona Gyurjyan, director of the Agent School of RESO Insurance Company, in turn, noted that the Company will take all the appropriate measures to raise awareness of the installation security measures and will conduct relevant events for prevention of explosions.  

"Of course, the risks cannot be completely liquidated, but I think we can maximally decrease them, as we have developed a product which is available for the large part of consumers and we hope to achieve a scale effect," she noted.

Sergey Hayrapetyan, head of the fire and technical safety unit of the territorial administration and emergency situations ministry, who attended the press conference, presented the statistics of accidents caused by the explosion of gas cylinders. According to different estimations, there have been 8- 12 accidents this year. Since 2010, 29 accidents have been registered which means that an average of 6 accidents yearly occur. 75% of accidents were caused by explosion by the gas cylinders.  "The reasons of explosions are as follows:  failure to observe the safety measures of gas cylinder exploitation, particularly pressure increase during the gas cylinder filling. In such cases, the responsibility lies on the gas filling stations.  Other reasons include violation of gas temperature and humidity, excess of permissible quantity of filling, use of out-of-date, worn-out, and other factors.

He noted that the metal gas cylinders explode more often, but there have also been cases of plastic-to-metal gas cylinder explosion, although they are considered to be safer. "Moreover, most of the accidents happen to old and cheap cars, for which new and therefore more expensive gas cylinders will cost more than the actual cost of the car, consequently the car owner considers it unreasonable", Hayrapetyan noted. He recommends using new plastic-to-metal cylinders of the latest generation, which have plugs.

The Ministry's representative also recalled that 169 gas filling stations have been examined since June 1 by the Government's assignment.

Eduard Hovhannisyan, President of "Achilles" Drivers Rights Protection Center NGO, in turn, noted that the number of accidents could be zero, if the Government approves relevant measures for controlling the observance of the safety measures in the course of installation and exploitation of gas cylinders. " In spite of this, the Government cancels the mandatory tech inspection", he complained.

According to ArmInfo's data, since the beginning of this year 5 explosions have occurred at the gas filling stations in Armenia, killing 3 people and injuring 4. The latest explosion occurred on July 3 at Maralik town's gas filling station. According to Volodya Hovsepyan, Deputy Director of the National Center of Technical Security, this accident occurred as a result of violation of safety rules. The stations in Charentsavan and Echmiatsin did not undergo an examination, while in Garni and Malatia the gas cylinders proved to have some defects. Currently all the workers of the gas filling stations have been instructed to require the drivers to present the gas cylinder documents. A special committee has been set up in the he territorial administration and emergency situations ministry, which studies the conditions of the gas filling stations. In case of necessity the stations can be closed. Three out of the four gas filling stations, at which the explosions occurred (Charentsavan, Echmiatsin and Garni), have already stopped working.

POST A COMMENT
Input digits     


News
Russian Deputy Premier: There are no problems in trade between Russia  and ArmeniaRussian Deputy Premier: There are no problems in trade between Russia  and Armenia
Converse Bank began issuing China UnionPay cards - UnionPay Gold and  UnionPay PlatinumConverse Bank began issuing China UnionPay cards - UnionPay Gold and  UnionPay Platinum
Rostelecom Armenia announced the beginning of rebranding and will henceforth operate under the new brand OVIORostelecom Armenia announced the beginning of rebranding and will henceforth operate under the new brand OVIO
Price index for industrial products in Armenia, began to rise amid  high growth in industrial productionPrice index for industrial products in Armenia, began to rise amid  high growth in industrial production
Team Telecom Armenia announces resumption of communication in  Alaverdi Team Telecom Armenia announces resumption of communication in  Alaverdi 
Armenia`s banking system starts active lending to economy and  populationArmenia`s banking system starts active lending to economy and  population
Civil society to supervise procurement contract execution Civil society to supervise procurement contract execution 
Government property management effective last year - minister  Government property management effective last year - minister  
Armenia bans export of scrap metal, metal goods Armenia bans export of scrap metal, metal goods 
AraratBank completes placement of bonds ahead of scheduleAraratBank completes placement of bonds ahead of schedule
Armenia`s NA discusses turnover tax rate rise Armenia`s NA discusses turnover tax rate rise 
Tree Planting Results with My Forest Armenia: The Power of One DramTree Planting Results with My Forest Armenia: The Power of One Dram
World Bank expresses readiness to help Yerevan develop solid waste  management policyWorld Bank expresses readiness to help Yerevan develop solid waste  management policy
Your home is in Armenia – Ameriabank offers mortgage loans for the DiasporaYour home is in Armenia – Ameriabank offers mortgage loans for the Diaspora
Armenia`s electric energy exports down last year; possible evidence  of decline in real economy - expert Armenia`s electric energy exports down last year; possible evidence  of decline in real economy - expert 
Ameriabank`s Trade Finance portfolio enriched with four prestigious awards from EBRD and IFCAmeriabank`s Trade Finance portfolio enriched with four prestigious awards from EBRD and IFC
On Oct 4- 7, Yerevan to host WCIT for second time On Oct 4- 7, Yerevan to host WCIT for second time 
Mirzoyan began his speech at International Conference on Nuclear  Security by expressing condolences to IranMirzoyan began his speech at International Conference on Nuclear  Security by expressing condolences to Iran
R&D is most important element of EAEU countries integration and  R&D is most important element of EAEU countries integration and  "entrance ticket" to competitive world - Russian economist
Armenia, EFSD sign agreement for USD 100 million financial credit Armenia, EFSD sign agreement for USD 100 million financial credit 
Armenia-UAE economic and technical cooperation commission to meet in  Abu Dhabi Armenia-UAE economic and technical cooperation commission to meet in  Abu Dhabi 
Team Solutions presents its ZangeZOR product at 4Future Banking int`l  forumTeam Solutions presents its ZangeZOR product at 4Future Banking int`l  forum
Armenia`s government plans to implement housing programme for  forcibly displaced people in next 10-12 yearsArmenia`s government plans to implement housing programme for  forcibly displaced people in next 10-12 years
Communications Museum re-opened in YerevanCommunications Museum re-opened in Yerevan
Double increase in turnover tax rate will stimulate transition to  common taxation system: Deputy MinisterDouble increase in turnover tax rate will stimulate transition to  common taxation system: Deputy Minister
Rocket Line - now for 60 months: Idram and IDBankRocket Line - now for 60 months: Idram and IDBank
Rising prices for services, going into shadows and closing businesses  - incomplete list of Rising prices for services, going into shadows and closing businesses  - incomplete list of "expectations" from revision of turnover tax  rate from SME Cooperation Association President
Liability for misrepresented information is proposed in ArmeniaLiability for misrepresented information is proposed in Armenia
Government proposes to make changes to car trade system within  Government proposes to make changes to car trade system within  "Trade-in" program
Armswissbank attracts us$ 10 million loan package from EBRD to support competitiveness and green transitionArmswissbank attracts us$ 10 million loan package from EBRD to support competitiveness and green transition
Armenian lawyers unwilling to pay taxes on universal basisArmenian lawyers unwilling to pay taxes on universal basis
EU Commissioner: EU will continue to contribute to economic  development of ArmeniaEU Commissioner: EU will continue to contribute to economic  development of Armenia
PM discusses opportunities for diversifying Armenian economy with WB,  IFC management PM discusses opportunities for diversifying Armenian economy with WB,  IFC management 
EBRD President considers programs implemented by Bank useful for  development of private sector in ArmeniaEBRD President considers programs implemented by Bank useful for  development of private sector in Armenia
EBRD lends up to US$ 10 million to Armeconombank for MSME on-lendingEBRD lends up to US$ 10 million to Armeconombank for MSME on-lending
Armenia benefits greatly from influx of capital and IT specialists -  EBRD chief economistArmenia benefits greatly from influx of capital and IT specialists -  EBRD chief economist
Finance Ministry, French Development Agency sign cooperation  agreement for 2024-2027Finance Ministry, French Development Agency sign cooperation  agreement for 2024-2027
Idram Junior and Koreez signed a memorandum of cooperationIdram Junior and Koreez signed a memorandum of cooperation
During the 33rd EBRD Business Forum, Ardshinbank hosted a panel discussion on economic and trade sanctions.During the 33rd EBRD Business Forum, Ardshinbank hosted a panel discussion on economic and trade sanctions.
Government to allocate additional AMD 3 billion to finance state  order for healthcareGovernment to allocate additional AMD 3 billion to finance state  order for healthcare
EBRD provides $10 million loan to ArmSwissBan to support  competitiveness and green transition of MSMEsEBRD provides $10 million loan to ArmSwissBan to support  competitiveness and green transition of MSMEs
Pankin: Armenia`s suspension of CSTO funding isn`t tragedyPankin: Armenia`s suspension of CSTO funding isn`t tragedy
Armenian government approves program for providing housing to  families from Artsakh; expenses estimated at  AMD 10-12 billion Armenian government approves program for providing housing to  families from Artsakh; expenses estimated at  AMD 10-12 billion 
EBRD Governors re-elect President Odile Renaud-Basso for second termEBRD Governors re-elect President Odile Renaud-Basso for second term
EBRD, USAID to develop transport infrastructure of Armenia,  Azerbaijan, Georgia EBRD, USAID to develop transport infrastructure of Armenia,  Azerbaijan, Georgia 
No specific dates for the entry into force of the law on compulsory  life insurance for tourists visiting Georgia - RA MFANo specific dates for the entry into force of the law on compulsory  life insurance for tourists visiting Georgia - RA MFA
Pashinyan: all those who have the necessary skills, abilities and  desire can make a profit in ArmeniaPashinyan: all those who have the necessary skills, abilities and  desire can make a profit in Armenia
Odile Renaud-Basso: Armenian economy continues to grow despite  numerous negative factorsOdile Renaud-Basso: Armenian economy continues to grow despite  numerous negative factors
Minister of Territorial Administration and Infrastructures refrains  from specifying North-South Road Corridor Investment Program`s  implementation costs and deadlines Minister of Territorial Administration and Infrastructures refrains  from specifying North-South Road Corridor Investment Program`s  implementation costs and deadlines 
EBRD improves Armenia`s GDP growth forecast for 2024 from previous  4.5% to updated 6.2%EBRD improves Armenia`s GDP growth forecast for 2024 from previous  4.5% to updated 6.2%
EBRD promises unprecedented investments in Armenian economyEBRD promises unprecedented investments in Armenian economy
FMO provided Ardshinbank with a guarantee for a credit portfolio of 20 million US dollarsFMO provided Ardshinbank with a guarantee for a credit portfolio of 20 million US dollars
Lending for construction of southern section of Sisian-Kajaran road  will be largest program ever implemented by EBRD in Armenia - Bank  President Lending for construction of southern section of Sisian-Kajaran road  will be largest program ever implemented by EBRD in Armenia - Bank  President 
French Development Agency, Armenian government to expand cooperation  areas and programs` scope French Development Agency, Armenian government to expand cooperation  areas and programs` scope 
The Power of One Dram Sums up the Two-Year Program with Teach for ArmeniaThe Power of One Dram Sums up the Two-Year Program with Teach for Armenia
Noubar Afeyan willing to use his potential to strengthen Armenia Noubar Afeyan willing to use his potential to strengthen Armenia 
Ministry of Economy of Armenia denies that growth in agricultural  exports is due to re-exportsMinistry of Economy of Armenia denies that growth in agricultural  exports is due to re-exports
Finance Minister: Armenia`s GDP generation growth potential increased  from 4-4.5% to 5.5-6%Finance Minister: Armenia`s GDP generation growth potential increased  from 4-4.5% to 5.5-6%
EBRD funds customs and logistics centre in SyunikEBRD funds customs and logistics centre in Syunik
Grigori Zakaryan: “Capital markets have a crucial for economic development.”Grigori Zakaryan: “Capital markets have a crucial for economic development.”
Read more


Exchange rates
27.05.2024
RUB4.380.05
USD388.030.26
EUR421.561.18
GBP494.931.65
CAD284.211.50
JPY24.740.04
CNY53.570.04
CHF424.680.75