Yerevan/Mediamax/. Armenia broke Europe’s record on rates of CTP introduction, Vice-President of “Rosgosstrakh” Rafael Minasbekyan stated in Yerevan today.

Mediamax reports that he stated that if in Russia the insurance coverage following the results of the first year of CTP law effect (the law came into effect in RF in 2002) made 92%, in Armenia 80% index is registered already following the results of the first month of the law being in effect.

Rafael Minasbekyan expressed an opinion that in Armenia the factual insurance coverage of CTP makes about 90%, taking into account the fact that the real number of cars in operation is less, than the number of registered ones.

“This fact evidences that Armenian citizens are more law-abiding than they are considered”, Rafael Minasbekyan stated.

“Rosgosstrakh Armenia” concluded over 120 thousand CTP contracts, and as to preliminary assessments, the market share, occupied by the company, made about 36%, Rafael Minasbekyan stated. He noted that this way the company is the absolute leader in Armenia as to this type of insurance. 

“We are pleased with the market share we have and now the strategic priority for “Rosgosstrakh Armenia” is to improve the system of regulating losses and providing customers with the best service in the country”, Rafael Minasbekyan stated.

The company has already paid out 350 compensations on CTP at the total sum of 55mln AMD, and 1000 more applications for receiving compensations are in the process of consideration. According to the Director of “Rosgosstrakh Armenia”, the total volume of payments on the existing applications may exceed 300mln AMD.

“This volume of unprofitability is already alarming”, Gagik Grigoryan stated, at that noting that it is yet early to make conclusions on how justified the tariffs are.