ArmInfo. On-line payment of the Osago (compulsory third party motor liability insurance) is now available through payment terminals, according to the Bureau of Armenian Auto Insurers.
The source informs that thus, car owners are given one more option when concluding an e-car insurance - accepting cash when paying for an insurance policy through payment terminals TelCell, EasyPay and Mobidram, Edram (idram).
Advantages involved from November 1 this year electronic mode of conclusion of OSAGO-contracts are the following: first, this simplified procedure takes a maximum of 3-4 minutes; secondly, the insurance premium is paid through a payment card; and thirdly, immediately after the conclusion of an on-line contract, the insurance policy certificate is sent to the e-mail address specified by the insured (car owner). In addition to these benefits, the policy is purchased at 5% cheaper than the cost.
Electronic insurance of car insurance can be made on the official website of the Bureau of Motor Insurers of Armenia www.appa.am in the section "Conclusion of compulsory motor third party liability insurance on-line", with access to www.aswa.am, or on the official website of any Armenian insurance company. It is pertinent to note that with www.aswa.am there is an exit to the websites of insurance companies.
A detailed explanation of the process of on-line conclusion of MTPL contracts is presented in a video on the link https://www.youtube.com/watch?v=_EswcEOV3l4&feature=youtu.be.
The Bureau of Motor Insurers reminds car owners that a paper version or a printed version of an e-car insurance does not need to be stored in a car. The traffic police can, if necessary, in on-line mode on its database and a single OSAGO information system, request / verify the data on the vehicle and verify the existence of a MTPL contract.
According to the Bureau of Motor Insurers, as of November 1, 2017, there are 482,855 motor vehicles in Armenia with the MTPL contract, up from 455013 a year ago. The volume of accrued insurance premiums for compulsory motor third party liability insurance amounted to 15.4 billion AMD (with an annual growth of 5.5%) for 10 months of 2017, and paid insurance claims - 9.3 billion AMD (with an annual growth of 33.8%). The loss ratio for compulsory motor TPL insurance was 62% at the end of October 2017, compared to 52% a year ago. Six insurance companies operate in Armenia.
According to Ranking of insurance companies of Armenia as of 30.09.2017, prepared by ArmInfo News Agency , Rosgosstrakh Armenia holds the leading position on insurance premiums and insurance indemnities in the class of OSAGO, while INGO Armenia and Nairi held the 2nd and 3rd positions Insurance. " The share of OSAGO in the total volume of insurance premiums is 56.08%, and in the total volume of insurance indemnities - 66.82%, against 55.7% and 59.82% respectively. Under OSAGO, the annual growth in insurance premiums accelerated from 1.4% to 4.5% last year, and the dynamics of insurance claims of this class went out of the recession to significant growth. In total, the volume of insurance premiums (total for all classes of insurance) was 24.6 billion AMD (with an annual growth of 3.8% against 0.3% a year earlier), and insurance indemnities - 11.98 billion AMD (with an annual growth of 19.3 % against 4.8% a year earlier).