Wednesday, February 1 2012 17:38
Share of Rosgosstrakh Armenia in insurance market reaches almost one/third
ArmInfo. The share of Rosgosstrakh Armenia Insurance Company in the insurance market has reached almost one/third, Gagik Grigoryan, Executive Director of Rosgosstrakh Armenia Company, told media, Wednesday. He said the company's share in the compulsory insurance segment (Motor third-party liability insurance - MTPL) for 9 months of 2011 exceeded the one-third (33%-35%) of the market.
As for the shortage of MTPL insurance premiums, he said around 100,000 drivers did not buy MTPL policies as of Jan 20 2012. He thinks that one of the reasons of such situation is insufficient use of administrative levers, particularly by the Road Police.
The insurance market of Armenia encompasses 8 insurance companies. The leader in terms of the premiums for 2011 is Rosgosstrakh-Armenia with 6.5 bln drams.
The company serves 49 offices, including 15 in Yerevan and 34 in the regions. Rosgosstrakh Armenia Insurance Company was founded in May 2008. It is part of ROSGOSSTRAKH Group (Russia).