The 1st of September, 2016 has brought a number of important changes in the motor insurance market:
- car owners are no longer be required to declare the names of other drivers they allow to drive the vehicles upon buying MTPL insurance.
- there is a new MTPL tariff in use: "The new MTPL tariff was adjusted on the basis of the five-year motor insurance statistics, as well as were eliminated from tariff calculation the risks as age and experience as driver".
- MTPL insurance events below AMD 100,000 can be settled based on the mutual consent of drivers, in other cases road accidents will be solved by the traffic police, added Executive Director of Bureau for ArmInfo News Agency.
Access www.xprimm.com and download the 1H2016 Armenian insurance market statistics.