Monday, March 26 2012 22:57
Average monthly salary of insurance company employee in Armenia is 305,400 AMD or $792
ArmInfo. The average monthly salary of an insurance company employee in Armenia is 305,400 AMD or $792. In 2011 it almost redoubled.
According to the Ranking of Insurance Companies of Armenia, prepared by the Agency of Rating Marketing Information (ArmInfo), seven of the country's eight insurance companies raised their wages last year. As of 2011 they employed 1,067 people - 40.4% more than in 2010.
RESO pays the highest salary - 504,200 AMD or $1,037 per employee, Sil Insurance the lowest one - 59,200 AMD or $153.
Rosgosstrakh-Armenia has the biggest staff - 252 employees.
In 2010 the companies spent a total of 3.9bln AMD on wages or 64.3% of their administrative expenses. INGO Armenia has the biggest wages fund - 1.035bln AMD or 64.9% of its administrative expenses, Rosgosstrakh Armenia - 1bln AMD or 60.1%, RESO - 780.5mln AMD or 71.5%.
Sil Insurance has the smallest wages fund - 53.9mln AMD or 61.1% of its administrative expenses.