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Hrant Bagratyan stresses the need to expand the scale of dismissals in Armenian Defense Ministry system

Head of EU Delegation to Armenia: Both Armenians and Azerbaijanis should prepare for peace

Parliamentary forces of Armenia ready to sign "gentleman's agreement" on excluding pre-election bribes

Mammadyarov to Sargsyan: Conditions put forward for resumption of negotiations undermine peace process on settlement

Azerbaijani FM: Russia has offered a phased solution to the Nagorno-Karabakh conflict

Zaruhi Postanjyan: Large-scale armed hostilities in Artsakh are yet to start

Areximbank-GPB Group staff members visit schools in Armavir region under My Finance Month-2016 project

Armenia's Parliament Vice Speaker: No negotiations are possible unless Azerbaijan stops violating ceasefire

U.S. Congresswoman Loretta Sanchez Calls for Leahy Law Investigation of Azerbaijani Abuses

Bako Sahakyan says Karabakh will cede no land and urges world community to reconsider its attitude towards aggressor

Bako Sahakyan: Karabakh conflict cannot be settled, unless Artsakh in involved in peace talks

Konstantin Kosachev: Turkey's stance on Karabakh encourages of one the sides to the conflict to continue it

Azerbaijan continues violating ceasefire arrangements

Armenian Defense Ministry registers 18 incidents on border with Azerbaijan

SCR: Number of railway casualties in Armenia keeps increasingly growing

Ankara hopes Karabakh conflict will be resolved with due regard for 'sovereignty' of Azerbaijan

Beeline extends functions of My Beeline Armenia application

Nikol Pashinyan: Opposition exaggerates Electoral Code's role in holding fair elections

France-Karabakh Circle of Friendship perplexed by lack of Paris' official reaction to Baku's explicit threats

Nagorno-Karabakh Defense Army presented evidences of rocket bombardment of Mataghis by Azerbaijani armed forces

Central Bank of Armenia approves merger agreement of ProCredit Bank and INECOBANK

Stratfor forecast: Military escalation will continue to be a possibility in Nagorno-Karabakh, with effects that reach far beyond the bounds of the small contested territory

EU supports peaceful resolution of Karabakh conflict, Malena Mard says

Azerbaijan's armed forces fire more than 240 rounds at Karabakh positions and target Mataghis populated area overnight

Armenia's Defense Ministry: Azerbaijan shells at state border with Armenia

U.S. Department of State: We have remained in contact with both governments and we need to see the peace process back up and running as soon as possible

Manvel Sargsyan: Armenia due to reconsider fundamentally its 20-year-long policy towards Russia

Seyran Ohanyan: There will be no new dismissals in Armenia's defense system

Nagorno-Karabakh Defense Army: Adversary's movements noticed on northeastern direction of line of contact

Artsrun Hovhannisyan: Situation in Artsakh is quiet at the moment

Yerevan: The time has come for international community to call Baku to order by using specific measures

Arpine Hovhannisyan: Mihran Poghosyan case is being investigated

Russian foreign ministry: the primary task is to exclude regular outbreak of aggression

Three Armenian servicemen wounded on Line of Contact of Nagorno-Karabakh and Azerbaijani troops

Investigative Committee: Identity of the second killed passenger is established

National Revival: Hermine Naghdalyan's statement is a stab in the back of Artsakh soldier

Communist Party of Russia suggests Vladimir Putin to deploy missiles in Cuba to protect Russia and Armenia

Russia thinks military contacts of Baku and Yerevan may be continued

NKR Defense Army: Baku's reports that Armenian side allegedly uses ammunition banned by international conventions are delirium

Oskanian's party not to demand Serzh Sargsyan's resignation

Stepanakert condemns Baku's attempts to denounce unilaterally the trilateral cease-fire agreement of 12 May 1994

Russian Foreign Ministry: Contribution to search for optimal solutions in Nagorno-Karabakh peace process continued

David Babayan: Politicians who fill their stomachs with caviar or pockets with oil revenues and glorify dictatorships are terrorists too

NKR Defense Ministry calls on Azerbaijan to stop using civilians as human shield

Nikolay Bordyuzha: Flare-up of the Nagorno-Karabakh conflict "will blow up the entire Caucasus"

Armenia's Deputy Minister of Defense and OSCE CiO Personal Representative discuss situation in Karabakh

Azerbaijani armed forces open sporadic fire at state border with Armenia overnight

NKR Defense Army soldier killed, as Azerbaijan intensifies shelling

Hayazn Party demonstration demands from authorities not to make any territorial concessions in Karabakh issue

Armenian lawmaker stresses the need to boycott Turkish goods and to ban import of any Turkish products

Regional

Over first months of 2014 Rosgosstrakh Armenia prevented over 30 attempts of fraud worth about 19 mln AMD

  • by Erik Abrahamyan

  • Friday, July 4, 01:59

Over the first months of 2014, the security service of Rosgosstrakh Armenia prevented over 30 attempts of fraud worth about 19 mln AMD. The press service of the insurance company has told ArmInfo that on the basis of Rosgosstrakh Armenia's statement, the law enforcement agencies have instituted criminal proceedings over three cases of fraud disclosed by the security service. Investigation is underway. The first instance courts have already criminated two more cases. 

The source says that in the first case three citizens of Armenia have been found guilty of large-scale fraud.  In the course of investigation of the road accident, the company's security employees found out that the driver, who committed the road accident, was replaced. As a result, the criminals were going to receive a 592 thsd AMD compensation from the company. According to the judgment, each of them, shall pay fines, which are 600-700 times as much as the minimum wages. 

In the second case, two residents of Noyemberyan were charged with attempted large-scale fraud in collusion. It has been found out that Mkhitar G. and Armen G. staged a road accident to receive 990 thsd AMD from Rosgosstrakh Armenia as compensation for the damage caused earlier. According to the court's verdict, each of them shall pay a fine, which is 500 times as much as the minimum wages. 

The company says that motor insurance fraud cases are the most frequent. In addition to replacement of the driver and staging of the accident, there has also been a case when the driver was brought to criminal responsibility for acquisition of the insurance policy after committing the accident. 
The security service of Rosgosstrakh Armenia reports that the cases of replacement of the guilty party has considerably declined in 2014. The matter concerns the cases when the owner of the car that suffered most introduces himself/herself as the aggrieved party to receive bigger compensation from the insurance company. Within the frames of the Bonus-Malus system, in 2014 the faultless drivers refuse to bear the others' blame, because it affects their insurance histories and raises the price of the motor third party liability insurance policy. 

According to the Ranking of Insurance Companies of Armenia prepared by the Agency of Rating Marketing Information, in Q1 2014 Rosgosstrakh Armenia was in the lead in the premiums collected over that period (3.4 bln AMD, up 2.5% versus Q1 2013). The company was also in the lead in the insurance payouts (2.1 bln AMD, up 24.5% versus Q1 2013). This amount was paid out for 11,750 insurable events.  For the moment, Rosgosstrakh Armenia provides 15 insurance classes. Moreover, it is the only insurance company that insures credit risks.  To note, Rosgosstrakh Armenia was founded in May 2008 and is licensed by the Central Bank of Armenia to provide non-life insurance. The company is a member of Rosgosstrakh Group (Russia). The authorized capital of the company is 3.44 bln AMD ($8.3 mln). The company has 46 offices throughout Armenia, including 18 branches, 13 sales offices in Yerevan and 33 offices in large cities of Armenia. In December 2011 Rosgosstrakh Armenia was the first in the insurance market of Armenia to be awarded with ISO 9001:2008 by Moody International. 

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