ArmInfo. For 3 months already at the initiative of the Bureau of Motor Insurers of Armenia, on-line purchases of OSAGO-policies are functioning. But this service has so far benefited only 2-3% of car owners. Answering the question of ArmInfo during the press conference on March 30 said the executive director of the Bureau of Motor Insurers of Armenia Vahan Avetisyan. "This is an extremely unsatisfactory indicator," he stressed.

ArmInfo. The number of complaints filed with the Finance Ombudsman office for OSAGO will gradually decrease, believes Vahan Avetisyan, executive director of the Armenian Auto Insurers' Bureau. He said this on March 30 at a press conference.

ArmInfo. The loss ratio for  OSAGO by the end of 2018 will be about 70%. This forecast was  presented by the executive director of the Armenian Insurers' Bureau  Vahan Avetisyan in a conversation with ArmInfo correspondent on March  30.

ArmInfo.Automation of all OSAGO processes is actively underway in Armenia. For 7 years since the introduction of compulsory motor insurance to this day, many steps have been taken to improve not only this segment, but also the insurance market as a whole. As a result, for 2011-2016, the premiums on compulsory motor third party liability insurance increased by 22% to 18.2 billion drams, holding the dominant in both the portfolio of fees and payments. The number of vehicles with the contract for compulsory motor third party liability insurance increased for the period from 2012-2016 from 390,266 to 468,171 units, and the loss ratio for OSAGO from 74% decreased to 55.3%. But only in 2016, loss-making increased by 2.3% due to the introduction of the euro-mechanism mechanism since March, and the continuation of growth in 2017 to 61.7% in August was due to the transition from April to a system of direct reimbursements. Taking into account the impact of these changes on OSAGO processes, the loss ratio for this class by the end of 2017 is projected in the range of 65-68%. But the development of the insurance market of the Republic of Armenia is not limited only by the internal changes in the procedures. For more than a year the Green Card Bureau has been discussing the process of Armenia's possible membership in the system of international motor third party liability insurance. Vahan Avetisyan, Executive Director of the Bureau of Motor Insurers of Armenia, spoke in more detail about the situation on the segment of compulsory motor TPL insurance and development prospects in a conversation with ArmInfo correspondent. 

ArmInfo. With the introduction of a system of direct reimbursements in Armenia, the gap in the average size of the insurance payment for OSAGO has narrowed significantly - from the previous 150-210 thousand drams to the current 178-198 thousand drams.  Vahan Avetisyan, executive director of the Armenian Auto Insurers' Bureau, explained in an interview with ArmInfo correspondent that this is because the principles and approaches of insurance companies to the damage assessment became more similar.

ArmInfo. The Bureau of Motor Insurers of Armenia and the Green Card Bureau have recently intensified discussions on the possible membership of Armenia in the system of international motor third party liability insurance. According to Vahan Avetisyan, executive director of the Armenian Auto Insurers' Bureau, the process has been started for more than a year and relevant discussions are under way to include Armenia in the Green Card system.

ArmInfo. In 2018, a mobile version of the registration of insurance cases for the Euro-protocol (according to the simplified scheme) will be introduced to maximize the convenience of drivers when registering accidents. Vahan Avetisyan, Executive Director of the Armenian Auto Insurers' Bureau, told ArmInfo correspondent that at present the application is at the stage of registration of the technical assignment. As a result, drivers with an independent registration of an insurance event will have a choice in which version to fill out a questionnaire - paper or mobile.

ArmInfo. ArmInfo IA interview with  Vahan  Avetisyan,  the Chief Executive of Armenian Bureau of Motor Insurers

ArmInfo. From April 2017 new conditions of CVI  insurance indemnifications are  enforced  in Armenia. As Vahan Avetisyan the director of  Armenian Motor Insurance Bureau has stated earlier, in 2016 all the necessary technical and procedural backgrounds were created so that from April 2017 CVI insurance certificates holders  could receive indemnifications from their insurance company. 

ArmInfo.

ArmInfo. Bureau of Motor Insurers of Armenia informs that starting from September 1, 2016 when signing MTPL contract there will be no necessity to indicate the names of drivers authorized by owner to use vehicle. From now on contracts will be signed only with the owner of the vehicle.

ArmInfo. Starting from September 1 Bureau of Motor Insurers of Armenia will conduct transition to a simplified model of registration of road traffic accidents, Executive Director of the Bureau Vahan Avetisyan stated at the press conference on August 24.

ArmInfo. Armenia has applied for joining Green Card international motor insurance card system, Vahan Avetisyan, Executive Director of the Bureau of Motor Insurers, told ArmInfo. He said the application for membership has been accepted and Armenia is expected to undergo a long procedure of admission (1-2 years).

ArmInfo. Bureau of Motor Insurers of Armenia suggests including the period of delay with MTPL policies into the credit history car owners, Vahan Avetisyan, the Executive Director of the Bureau of Motor Insurers told a news conference on February 2.