As of today, approx. 10% of drivers acquired compulsory vehicle insurance policies, executive director of the Association of Armenian Insurance Market Participants Andranik Ohanjanyan stated.

“Over 80% of the vehicles in Armenia are expected to be insured till yearend. Car insurance is available at 8 out of 9 insurance companies operating in Armenia.”

Ohanjanyan forecasted AMD 13 to 14 billion increase in insurance premiums in case of 100% sale of mandatory vehicle insurance policies.

The volume of insurance companies’ premium grossed AMD 6,6 of September 30, 2010.