Government is ready to share risks with agricultural insurers Friday, April 12 2024 13:38:00
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 ArmInfo.As part of a pilot program to introduce an agricultural insurance system, the Armenian government will not only subsidize insurance premiums, but will also compensate the costs of insurance companies if a certain threshold of insurance payments is exceeded. |
Saturday, April 15 2023 14:35
ArmInfo. The loss ratio of motor third-party liability insurance (MTPL insurance) was 62% in the first quarter of 2023 against 69% in the first quarter of 2022, and 74% in the first quarter of 2019. The number of MTPL insurance contracts showed an increase from 15.9% to 17.8%, with a 12.8% increase in insurance premiums ($16.3mln) against 17.5% and a 6.7% increase in insurance indemnities (up to $10.7mln) against a 13.5% decrease. >>> |
Thursday, March 30 2023 13:08
ArmInfo. According to the preliminary estimate of the Motor Insurers' Bureau, as a result of the liberalization of the CMTPL (Compulsory Motor Third Party Liability) market, from April 1, prices will decrease for 56% of car owners who choose the minimum base rate, for 21% they will remain approximately the same, and for 23% they will increase. >>> |
Wednesday, February 15 2023 19:55
ArmInfo. The Ministry of Health of Armenia will recalculate the state-subsidized rate for compulsory health insurance this year. Minister of Health of Armenia Anahit Avanesyan announced this during a press conference on February 15. >>> |
Saturday, February 4 2023 16:16
ArmInfo. Employed citizens will not pay compulsory health insurance (CHI) contributions of non-employed citizens. Health Minister Anahit Avanesyan stated during a Facebook press conference of RFE/RL's Armenian service. >>> |
Friday, February 3 2023 14:55
ArmInfo.Let's increase funding for an inefficient healthcare system and do a good deed. according to Tigran Jrbashyan, the Director of Management Advisory at Ameria Advisory, this is exactly how the Mandatory health insurance system model proposed by the RA government, represented by the Ministry of Health, can be described. >>> |
Monday, January 23 2023 16:24
ArmInfo.The CMPTL loss ratio in Armenia decreased from 79% to 66% in 2022, being even lower than the pre-Covid 74% in 2019. This was due to an increase in the number of concluded contracts by 16.1% year on year, as a result of which insurance premiums rose by 15.6% to $67.3 million, while claims simultaneously decreased by 4.6% to $39.8 million, according to the data of Armenian Motor Insurers' Bureau . >>> |
Wednesday, November 16 2022 20:33
ArmInfo. >>> |
Monday, November 14 2022 15:50
ArmInfo. The delegation of the Ministry of Economy of Armenia, headed by Minister Vahan Kerobyan and his Deputy Rafael Gevorgyan, took part in discussions on the concept of comprehensive health insurance. This is stated in the official message of the Ministry of Economy, published on Facebook. >>> |
Saturday, October 29 2022 19:21
ArmInfo. Following the results of 9 months of 2022, the share of the corporate component in the premium portfolios of Armenian insurers, began to prevail over the retail component even more - 53.8% (25.6 billion drams) against 46.2% (21.97 billion drams) , while the gap was smaller in a similar situation a year ago - 51.8% and 48.2%, respectively. According to the Financial Rating of Insurance Companies of Armenia as of September 30, 2022, prepared by ArmInfo, the capacity of the corporate insurance market accelerated growth more noticeably, from 14% to 30.5%, than the capacity of the retail insurance market, from 10.2% to 20.1%. >>> |
Friday, October 28 2022 21:40
ArmInfo. Insurance companies in Armenia receive profits through insurance mainly from CMPTL and medical insurance - 8.1-7.6 billion drams, to a slightly lesser extent from property insurance, CASCO, accident insurance - 3.6-1.3 billion drams. >>> |
Wednesday, August 24 2022 12:39
ArmInfo.The traders working at the Surmalu shopping center would not face problems now if they had insured their businesses, Armenia's Minister of Economy Vahan Kerobyan told reporters on Wednesday. >>> |
Saturday, August 20 2022 13:57
ArmInfo. The share of the corporate component continues to prevail over the retail one in the premium portfolios of Armenian insurers in H1 2022, - 58.2% (19.7 billion drams) against 41.8% (14.1 billion drams), which is very close to the data of a year ago - 57% against 43% respectively. >>> |
Thursday, August 18 2022 12:30
ArmInfo.The total net profit of insurance companies (ICs) in Armenia for H1 2022 reached 2.3 billion drams ($5.6 million), with a y-o-y 19-multifold increase, with a quarterly decline of 13.1%, against a y-o-y decline of 2-fold and a quarterly increase of 2.5-fold in comparable periods in 2021. >>> |
Thursday, August 18 2022 12:26
ArmInfo.. "Rossgostrakh Armenia" IC continues to lead in terms of net insurance premiums and net insurance claims. According to the data of the Financial Rating of Insurance Companies of Armenia as of June 30, 2022, prepared by ArmInfo, following the results of the first half of the year, the net insurance premiums of "Rossgostrakh Armenia" IC exceeded 5.9 billion drams ($14.6 million), and net insurance claims - 3.8 billion drams ($9.4 million), with a y-o-y growth of the net insurance premiums by 11.3%, while the net insurance claims declined by 7.3%. >>> |
Monday, July 18 2022 12:49
ArmInfo.The loss rate for compulsory motor third-party liability insurance (CMTPLI) is going down - 65% in the first half of 2022 against 81% in the first half of 2021, and 73% in 2019. The cause is a 19.7% year-on-year increase in the number of insurance contracts, which caused a 21.4% increase in insurance premiums, up to $29mln, with a simultaneous 8.7% decline in insurance indemnities, down to $18.7mln, the Armenian Motor Insurers' Bureau reports. >>> |
Tuesday, June 14 2022 16:43
ArmInfo. In Armenia, the amount of the fine for the lack of an CMTPL policy will be halved (compulsory third-party liability insurance policy-CMTPL policy). At the plenary session on June 14, the Parliament of the country discusses the amendments to the Code of Administrative Offenses in the first reading. >>> |
Tuesday, May 31 2022 21:50
ArmInfo.Armenia is studying the Lithuanian experience in the process of introducing a health insurance system. This is stated in the official statement of the Ministry of Health. >>> |
Monday, May 16 2022 19:31
ArmInfo.In Armenia, the number of vehicles with a CMPTL policy increased in January-April 2022 more significantly than in the pre-Covid comparable period, which allowed the volume of insurance premiums to exceed the upward trend of two years ago. >>> |
Wednesday, May 11 2022 15:19
ArmInfo. The share of the corporate component in the premium portfolios of Armenian insurers in Q1 2022 exceeds the retail component - 65.5% (13.3 billion drams) and 34.5% (7 billion drams), almost repeating the figures of a year ago - 64.9% and 35 .1% respectively. >>> |
Wednesday, May 4 2022 18:30
ArmInfo. "Rossgostrakh Armenia IC " holds the lead in net insurance premiums, while continuing to lead in net insurance claims as well. This is evidenced by the data of the Financial Rating of Insurance Companies of Armenia as of March 31, 2022, prepared by ArmInfo IC, based on the results of the first quarter. >>> |
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