Friday, May 21 2010 15:43
Average salary in Armenian insurance system for Q1 2010 amounted to $514
ArmInfo. Average salary in the Armenian insurance system for Q1 2010 amounted to 206.000 drams or $514 (up 2% per year).
Ranking of Armenian Insurance Companies prepared by Agency of Rating Marketing Information (ArmInfo) says INGO-Armenia was in the lead by the average salary in the amount of 276,000 drams, whereas Garant-Limens was in the bottom with 111,000 drams.
As of April 1 2010 316 people were engaged in the insurance sectors (staff). This indicator fell 6% per year as 2 insurance companies (Alfa-Insurance and London-Yerevan - 35-40 employees) left the market. The regular staff of Rosgosstrakh-Armenia is 58 people.
Total salary costs (inclusive of equivalent payments) of 9 insurance companies (except RESO Insurance Company) totaled 195mn drams. Top two companies in terms of salary costs were Rosgosstrakh-Armenia (43mn drams) and Garant-Limens (8mn drams).