Newsfeed

Irina Kamkhadze: We see no downward tendency of Visa growth rates in Armenian market

VTB Bank (Armenia) Visa cardholder becomes winner of Summer with VTB campaign and gets a vacation package to Malta for two persons

Delegation of IFC and EBRD visits Amulsar Gold Project site

Oppositionist: The case with ASALA veteran demonstrates state terrorism in Armenia

Armenia's Health Care Ministry organizes a training course to assess local doctors' readiness for Ebola

Naira Zohrabyan: There is no sector in Armenia where human rights are not breached

Speaker of the Armenian parliament agrees to the idea that there are numerous unsettled conceptual problems in the republic

Gabor Brodi: Armenia must not choose between European Union and its neighbors in the region

A delegation of South Caucasus Railway to attend 61st meeting of CIS Rail Transport Council in Baku

Georgian Ambassador: Armenia and Georgia are facing problems in their trade relations

ACBA-Credit Agricole Bank sums up CASHBACK QUEST results

Social Democratic (Hnchakyan) Party (SDHP) urges Armenia's leadership to inform the world community of Ankara's intention to seize Kessab

Heritage: Shant Haroutiunyan was convicted after Serzh Sargsyan's notorious speech at Columbia University in U.S.

Eduard Sharmazanov: Fairy-tales of the Turkish authorities about the Armenian genocide are simply funny

Between October 25-31 the 6th edition of ReAnimania to be held in Yerevan

Opposition MP Nikol Pashinyan urges Armenian Parliament to define concept of political prisoner

Armenian National Congress to do its best to free Shant Harutyunyan and his friends

Expert: Armenia's path and prospects in Eurasian Economic Union are vague

MP: Armenia, which has a ruined agriculture, can offer nothing to Eurasian market

Orphan Rug showcase in Washington is connected with tension in Turkish-US relations, Turkish media report

Naira Zohrabyan: Verdict against Shant Harutyunyan demonstrates that Armenia's judicial system is not independent

Armen Martirosyan: Armenian authorities do not want Armenia to lag behind Azerbaijan by number of political prisoners

OSCE MG Co-Chairs discuss preparations for upcoming summit hosted by French President later this month in Paris

VivaCell-MTS is the General Partner of the International Microelectronics Olympiad of Armenia

Beeline awards winners of My Beeline Armenia contest

RA Ombudsman Karen Andreasyan hosted at VivaCell-MTS

Armenia presents books on Armenian Genocide at Frankfurt Book Fair

Leader of Tseghakron Party Shant Harutyunyan sentenced to 6 years in jail, his son given a 4-year suspended sentence

Habitat for Humanity Armenia with the support of INECOBANK repairs entrances of apartment house in Yerevan's Shengavit community

Tatul Manaseryan: Armenia must not cherish hopes that EEU membership will give it more investments

Raffi Hovannisian hopes the opposition's steps will be clarified on October 24

Alexander Iskandaryan: Peace and war are the two things Russia does not need in the South Caucasus

VTB Bank (Armenia) reopens three more renovated branches

VTB Bank (Armenia) reopens three more renovated branches

Lydian International expected to launch gold recovery in Armenia in first half of 2017

Howard Stevenson: Amulsar Gold Project will change "bad reputation" of mining industry in Armenia

Yerevan: Baku's statements once again show Azerbaijan's dalliance with the upcoming Sargsyan - Aliyev meeting in Paris

Ambassador: Festival of Iranian film to be held in Yerevan

Kirsan Ilyumzhinov: Love for chess is in Armenians' blood

Heritage Party: Agreement on Armenia's accession to Eurasian Economic Union is non-constitutional

INECOBANK and Rostelecom issue a joint credit card for Rostelecom subscribers

Artak Zakaryan: Armenia is ready to cooperate with the EU in all the fields possible

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

  • by Erik Abrahamyan

  • Thursday, July 3, 20:59

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. 

Send to a friend

To (e-mail)


Your name


Message


Comments

View comments (0)
  • READ ALL COMMENTS
  • POST A COMMENT

Be first to comment on this article

* Indicates required fields