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.