Chairman of the Central Bank of Armenia (CBA) Arthur Javadyan said that introduction of the system of mandatory vehicle insurance is among significant achievements in 2010.

“The mandatory vehicle insurance is of social and economic importance. Due to introduction of the system, those citizens, who suffer as a result of road traffic accident, will receive a relevant compensation,” said Javadyan.

“Currently, works are carried out for introduction of another important type of insurance – medical insurance,” concluded Javadyan.