Friday, March 23 2012 21:10

In 2011 payments of 8 Armenian insurers grew almost fivefold to 8.1 bln AMD


ArmInfo. Over 2011 the insurance payments of 8 Armenian insurance companies grew almost fivefold to 8.125 bln AMD ($21 mln) by 1 Jan 2012. The biggest volume of insurance payments in 2011 was registered by Rosgosstrakh Armenia - 2.4 bln AMD (the company is the leader by the volume of premiums), and the smallest volume of payments was demonstrated by Sil Insurance - 364.5 mln AMD (the company holds the last position by the volume of premiums).

According to the Ranking of Insurance Companies of Armenia by the Agency of Rating Marketing Information (ArmInfo), in the structure of indemnities the share of motor third party liability insurance payments was the biggest in 2011 (68% of the total payments or 5.5 bln AMD). Over Q4 2011 the payments for this type of insurance rose by 60.6%. Health insurance payments amounted to 1.041 bln AMD in 2011 (12.8% of total payments), with the growth versus 2010 being 68%. CASCO payments amounted to 966.3 mln AMD in 2011 (46.4% growth versus 2010).

The Armenian insurance companies paid almost 200 mln AMD for property insurance against fires, disasters, and other damages. The payments for property insurance against fires and disasters grew more than twofold versus 2010, and those against other damages grew almost tenfold. Financial risks insurance payments amounted to126.5 mln AMD in 2011 (almost twofold growth versus 2010). For the rest of insurance classes, the indemnities of the insurers were less than 100 mln AMD in 2011.

In 2011 the companies registered a total of 71,193 insured events, including 40,766 in health insurance, 27,244 in compulsory motor third-party liability insurance and 2,197 in comprehensive and collision insurance.

The total amount of the insurance premiums collected by Armenia's insurance companies in 2011 was 22.382bln AMD or $58mln – thrice as much as in 2010, wherein corporate insurance made up 34.8%, the rest being retail insurance.
POST A COMMENT
Input digits     


News
Europeans have leverage against the US - The EconomistEuropeans have leverage against the US - The Economist
Fitch Ratings revises Armenia`s outlook to positive; affirms at  `BB-`; forecasts GDP of above 5.0% in 2026-2027Fitch Ratings revises Armenia`s outlook to positive; affirms at  `BB-`; forecasts GDP of above 5.0% in 2026-2027
Fitch Ratings upgrades Armenia`s rating outlook from Stable to  Positive - RA premier Fitch Ratings upgrades Armenia`s rating outlook from Stable to  Positive - RA premier 
During the week of January 12-16, 2026, Armenia`s interbank foreign  exchange market experienced a rise in  dollar and ruble transactions During the week of January 12-16, 2026, Armenia`s interbank foreign  exchange market experienced a rise in  dollar and ruble transactions 
AraratBank Partners as General Sponsor of 4090 Charity Foundation`s Five-Year Milestone EventAraratBank Partners as General Sponsor of 4090 Charity Foundation`s Five-Year Milestone Event
National standards  developed and approved  in tourism sector National standards  developed and approved  in tourism sector
RA SRC  identified cases of counterfeit vodka and tobacco products RA SRC  identified cases of counterfeit vodka and tobacco products
The President of Belarus signed a decree on crypto banks in the countryThe President of Belarus signed a decree on crypto banks in the country
US banks returned a record $140 million to shareholdersUS banks returned a record $140 million to shareholders
Banks have no right to refuse to open accounts under Social Package  program - CBBanks have no right to refuse to open accounts under Social Package  program - CB
While second person lives below poverty line, Armenia`s leaders  receive bonuses reaching millions While second person lives below poverty line, Armenia`s leaders  receive bonuses reaching millions 
TRIPP is turning Armenia into hub for American economic interests in  South Caucasus region - expertTRIPP is turning Armenia into hub for American economic interests in  South Caucasus region - expert
Armenian-Turkmen  business forum takes place in YerevanArmenian-Turkmen  business forum takes place in Yerevan
RA  Ministry of Territorial Administration: Armenia, Azerbaijan   conduct joint inspection of  Yeraskh- Sadarak railway sectionRA  Ministry of Territorial Administration: Armenia, Azerbaijan   conduct joint inspection of  Yeraskh- Sadarak railway section
Armenia adjusting greenhouse subsidies  to attract young  entrepreneurs and individuals over 63 years  to the sectorArmenia adjusting greenhouse subsidies  to attract young  entrepreneurs and individuals over 63 years  to the sector
"Wings of Unity": Armenia needs an economy focused on production and  exports
Pashinyan assures there will be no increase in liquefied gas prices  Pashinyan assures there will be no increase in liquefied gas prices 
Armenian premier on reasons for premiums to government officialsArmenian premier on reasons for premiums to government officials
RA Central Bank identifies 72 unlicensed organizations offering  various financial servicesRA Central Bank identifies 72 unlicensed organizations offering  various financial services
Armenia presents solar energy management solutions at international  exhibition Abu Dhabi Sustainability Week (ADSW 2026)Armenia presents solar energy management solutions at international  exhibition Abu Dhabi Sustainability Week (ADSW 2026)
Regional Director of the U.S. Trade and Development Agency holding  talks in Yerevan Regional Director of the U.S. Trade and Development Agency holding  talks in Yerevan 
IBRC: Armenian businesses to gain access to export invoice insuranceIBRC: Armenian businesses to gain access to export invoice insurance
RA Economy Minister: Armenia ranks 37th out of 101 countries in WB  rankingRA Economy Minister: Armenia ranks 37th out of 101 countries in WB  ranking
The situation around Iran is pushing oil prices higherThe situation around Iran is pushing oil prices higher
Unforgettable Moments and a Profitable Offer at Myler. Idram&IDBankUnforgettable Moments and a Profitable Offer at Myler. Idram&IDBank
Net flow of foreign investment into Armenian economy dropped to  negative $221 million by October 2025, but FDI saw significant gainsNet flow of foreign investment into Armenian economy dropped to  negative $221 million by October 2025, but FDI saw significant gains
Economy Ministry`s priority programs to be aligned with peace agenda  - Gevorg PapoyanEconomy Ministry`s priority programs to be aligned with peace agenda  - Gevorg Papoyan
WB on major risks for ECA WB on major risks for ECA 
Armenia to remain EAEU member as long as it is compatible with its  desire to join EU - RA premier Armenia to remain EAEU member as long as it is compatible with its  desire to join EU - RA premier 
Issue of competitive procedures in implementation of various programs  priority for the Armenian government - Deputy MinisterIssue of competitive procedures in implementation of various programs  priority for the Armenian government - Deputy Minister
The global economy will grow by 2.6% in 2026, according to the World Bank forecastThe global economy will grow by 2.6% in 2026, according to the World Bank forecast
AraratBank Takes the Lead in Brand PR PerformanceAraratBank Takes the Lead in Brand PR Performance
Armenia plans to establish rules for calculating and paying VAT in  transactions involving supply of goods to individuals through EAEU  electronic platformsArmenia plans to establish rules for calculating and paying VAT in  transactions involving supply of goods to individuals through EAEU  electronic platforms
Armenian premier on planned construction of bridges across  Armenian-Azerbaijani border Armenian premier on planned construction of bridges across  Armenian-Azerbaijani border 
Programs co-financed by RA budget not to be subject to income taxPrograms co-financed by RA budget not to be subject to income tax
More Armenian airlines to get air tax benefit More Armenian airlines to get air tax benefit 
Cadastre Committee`s service centers to be replaced by advisory  centers - billCadastre Committee`s service centers to be replaced by advisory  centers - bill
Minister on Armenian authorities` final decision on construction of  nuclear power plant with several small modular reactorsMinister on Armenian authorities` final decision on construction of  nuclear power plant with several small modular reactors
Armenia, Iraq discuss  energy cooperation Armenia, Iraq discuss  energy cooperation 
World Bank forecasts moderate slowdown for Armenia`s economy through  2027World Bank forecasts moderate slowdown for Armenia`s economy through  2027
Unemployment rate in Armenia drops to 11.8% in Q32025Unemployment rate in Armenia drops to 11.8% in Q32025
Russia`s International Reserves Reach a Record $763.9 BillionRussia`s International Reserves Reach a Record $763.9 Billion
Idram Summarizes 2025Idram Summarizes 2025
The global economy will grow by 2.7% in 2026The global economy will grow by 2.7% in 2026
Armenia`s High-Tech Sector Development Strategic Plan  to be approved  in 2026Armenia`s High-Tech Sector Development Strategic Plan  to be approved  in 2026
PM Pashinyan: Azerbaijani fuel imports breaking monopolies and  lowering pricesPM Pashinyan: Azerbaijani fuel imports breaking monopolies and  lowering prices
RA Economy Minister  hopeful for  new economic and logistical  opportunities with potential opening of borders with Turkey RA Economy Minister  hopeful for  new economic and logistical  opportunities with potential opening of borders with Turkey
The Power of One Dram Donates 5,788,105 AMD to the City of Smile Charity FoundationThe Power of One Dram Donates 5,788,105 AMD to the City of Smile Charity Foundation
Armenia`s trade turnover hits 6 trillion drams in 11 monthsArmenia`s trade turnover hits 6 trillion drams in 11 months
Union of Banks of Armenia, EFPA Europe launch Branch Manager  qualification programUnion of Banks of Armenia, EFPA Europe launch Branch Manager  qualification program
Armenia`s telecommunications revenue growth deceleratingArmenia`s telecommunications revenue growth decelerating
Cargo transportation in Armenia increased by 2.5% in the first 11  months of 2025, while passenger transportation decreased by 2.3% Cargo transportation in Armenia increased by 2.5% in the first 11  months of 2025, while passenger transportation decreased by 2.3%
Romanos Petrosyan: ENA CJSC paid approximately 63.7% more in taxes  and feesRomanos Petrosyan: ENA CJSC paid approximately 63.7% more in taxes  and fees
Papikyan: Armenia to allocate 150 billion drams for defense industry  development Papikyan: Armenia to allocate 150 billion drams for defense industry  development
Trump Imposes a Credit Card Interest CapTrump Imposes a Credit Card Interest Cap
Cognac and wine production in Armenia  significantly decreased by  December 2025Cognac and wine production in Armenia  significantly decreased by  December 2025
Trump imposes 25% tariffs on countries cooperating with IranTrump imposes 25% tariffs on countries cooperating with Iran
EEC Board sets import customs duty rate on natural calcium phosphatesEEC Board sets import customs duty rate on natural calcium phosphates
Armenia`s industry hardly retains growth by Dec 2025 Armenia`s industry hardly retains growth by Dec 2025 
Armenia`s metallurgical industry shows declineArmenia`s metallurgical industry shows decline
Read more
Exchange rates
16.01.2026
RUB4.880.05
USD379.990.57
EUR441.32-0.14
GBP509.410.23
CAD273.530.59
JPY24.030.09
CNY54.520.06
CHF474.040.06


Experts
Information security expert on risks of AI in government system Information security expert on risks of AI in government system 
Armenia has for many years been importing oil products from Turkiye -  expert Armenia has for many years been importing oil products from Turkiye -  expert 
Mining remains a social pillar of Armenia`s regions - studyMining remains a social pillar of Armenia`s regions - study
Read more

Commented
ATI.SU: Demand for international cargo transportation 30% up in  ArmeniaATI.SU: Demand for international cargo transportation 30% up in  Armenia
Civil Contract nominates Armen Ktoyan for  Central Bank Board Member  positionCivil Contract nominates Armen Ktoyan for  Central Bank Board Member  position
Armenia, France considering prospects for expanding technological  cooperation  Armenia, France considering prospects for expanding technological  cooperation  

Company bonds
UCO CJSC "GLOBAL CREDIT"1
UCO CJSC "GLOBAL CREDIT"3
UCO CJSC "GLOBAL CREDIT"4
UCO CJSC "GLOBAL CREDIT"5
UCO CJSC "GLOBAL CREDIT"7
"National Mortgage Company"2A
"National Mortgage Company"2B
UCO CJSC “FINCA” 1
UCO CJSC “FINCA” 2