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INGO ARMENIA Insurance Company Increases Limit For Accelerated Compe

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  • INGO ARMENIA Insurance Company Increases Limit For Accelerated Compe

    INGO ARMENIA INSURANCE COMPANY INCREASES LIMIT FOR ACCELERATED COMPENSATION TO 400,000 DRAMS

    ArmInfo
    2010-02-19 14:51:00

    ArmInfo. INGO ARMENIA Insurance Company has doubled the limit for
    accelerated compensation from 200,000 to 400,000 drams, INGO ARMENIA
    press-service told ArmInfo.

    In January 2010 almost 30% of CASCO car insurance events the company
    compensated on the program of Accelerated Compensation. The number
    of unsettled disputes fell over 5 times per year. The limit has been
    increased due to the growing demand for accelerated compensation.

    The new system of accelerated compensation launched in October 2008
    makes it possible for the company to regulate losses not exceeding
    the specific limit without involvement of competent agencies (road
    police) and additional examinations.

    INGO ARMENIA is the sole leader in the insurance market by key
    financial figures and in separate segments. In particular, the Ranking
    of Insurance Companies prepared by the ArmInfo Financial Information
    and Analysis Service ranked the company first for 2009 in the CASCO
    segment with 397.5 million drams premiums on 4.5 thousand contracts
    and 301.2 million drams compensations on 572 insurance events.
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