Thursday, July 25 2013 19:48
Average monthly salary in insurance companies of Armenia up 12%
ArmInfo. In Q1 2013 the average monthly salary of 1 employee of the Armenian insurance system was 315.7 thsd AMD ($754), 12% more than in Q1 2012. The Ranking of the Insurance Companies of Armenia by the Agency of Rating Marketing Information (ArmInfo) says that the personnel of the Armenian insurance companies grew by 28.6% to 1228 employees.
The highest salary was fixed in RESO - 639.5 thsd AMD ($1528), and the lowest one was registered in SIL Insurance - 157.5 thsd AMD ($376). The biggest staff was in Rosgosstrakh Armenia - 318 employees, and the smallest one was in Armenia Insurance - 77 employees.
The Armenian insurance companies' expenses on salaries grew by 40% to 1.163 bln AMD, or 59.4% of administrative costs. The biggest growth was fixed in SIL Insurance (more than 2-fold). Rosgosstrakh Armenia has the biggest payroll in Q1 2013 - 349.5 mln AMD. INGO Armenia ranked next with 223.8 mln AMD, and RESO was the third with 245.6 mln AMD. The smallest payroll was in Armenia Insurance - 62 mln AMD.