Wednesday, August 13 2014 18:26

Four Armenian insurance companies register growth in compensation


ArmInfo. In Jan-June 2014 as compared with Jan-June 2013 Armenia's insurance companies registered a 64% growth in compensation.

According to ArmInfo's Ranking of Insurance Companies of Armenia, four companies registered a growth in compensation: Rosgosstrakh Armenia (twice), Nairi Insurance (by 71%), Sil Insurance (by 58.3%) and Armenia Insurance (by 6.2%). Two companies recorded a drop: Ingo Insurance (by 18%) and RESO (by 12.4%).

Rosgosstrakh Armenia paid 8.1bln AMD in compensation, Nairi Insurance 1.8bln AMD, INGO Armenia 1.6bln AMD, RESO 1.2bln AMD, Sil Insurance 822.3mln AMD, Armenia Insurance 443.5mln AMD.

Obligatory motor insurance accounted for 34.4% of all compensations or 4.8bln AMD (0.2% drop as compared with Jan-June 2013), insurance against property risks for 34.1% or 4.808bln AMD, health insurance for 18.6% or 2.6bln AMD (8.7% drop), automobile insurance for 4.9% or 694.1mln AMD (2.1% growth), haulage insurance for 3.6% or 513.5mln AMD and insurance against financial loss for 5.4% or 441.6mln AMD. Thus, the above six classes accounted for 99% of all compensations.

In Jan-June 2014 the companies recorded a total of 80,178 insurance events: 52,460 events concerned health care, 25,614 obligatory motor insurance, 1,472 automobile insurance.

Armenia's insurance companies provide 16 out of 19 existing insurance classes. Only INGO Armenia has license for all 16 classes (the only company insuring watercraft). Rosgosstrakh Armenia is licensed to provide 15 classes (the only company insuring against credit risks).
POST A COMMENT
Input digits     


News
IRI Chief Customs Officer: Iran`s largest share of exports within  EAEU belongs to Russia, Armenia and KazakhstanIRI Chief Customs Officer: Iran`s largest share of exports within  EAEU belongs to Russia, Armenia and Kazakhstan
Armenian interbank foreign exchange market inactive in first week of  2025Armenian interbank foreign exchange market inactive in first week of  2025
In Armenia, wine production decreased by 27.1% over 11 months, while  cognac production increased by 4.9%In Armenia, wine production decreased by 27.1% over 11 months, while  cognac production increased by 4.9%
By December 2024, the industrial sector saw an increase in its growth  rateBy December 2024, the industrial sector saw an increase in its growth  rate
In 2024, Armenia`s inflation rate  was 1.5%  In 2024, Armenia`s inflation rate  was 1.5%  
In Armenia, economic activity growth slowed down from 9.4% to 7.4% in  January-November 2024In Armenia, economic activity growth slowed down from 9.4% to 7.4% in  January-November 2024
Armenia`s unemployment rate rose from 12% to 13.3%  Armenia`s unemployment rate rose from 12% to 13.3%  
Armenia`s Trade Unions Head: Changes in working hours will not impact  the country`s economic growth Armenia`s Trade Unions Head: Changes in working hours will not impact  the country`s economic growth 
Armenia`s premier reports 400% increase in Armenia-EU passenger  traffic over last 7 yearsArmenia`s premier reports 400% increase in Armenia-EU passenger  traffic over last 7 years
Mayler company to invest AMD 12bln in Yegipatrush ski resort in 2025Mayler company to invest AMD 12bln in Yegipatrush ski resort in 2025
WB to help Armenia implement water programmeWB to help Armenia implement water programme
Overchuk: EAEU and EU are incompatible. Yerevan will have to make a  choiceOverchuk: EAEU and EU are incompatible. Yerevan will have to make a  choice
In January, Armenia will submit its proposed amendments to the  intergovernmental agreement on television broadcasting to the Russian  side In January, Armenia will submit its proposed amendments to the  intergovernmental agreement on television broadcasting to the Russian  side 
Mkhitar Hayrapetyan: The way Armenia uses satellite images does not  concern our Spanish partnersMkhitar Hayrapetyan: The way Armenia uses satellite images does not  concern our Spanish partners
In 2024, Syunik Airport operated 71 flights between Yerevan and KapanIn 2024, Syunik Airport operated 71 flights between Yerevan and Kapan
David Khudatyan on the construction of a nuclear power plant: We are  considering proposals not only from the Russian Federation and the  United States, but also from other countriesDavid Khudatyan on the construction of a nuclear power plant: We are  considering proposals not only from the Russian Federation and the  United States, but also from other countries
EIB to grant EUR 10.1mln to Armenia for energy efficiency programme  in Yerevan EIB to grant EUR 10.1mln to Armenia for energy efficiency programme  in Yerevan 
Sisian-Kajaran section of North-South project planned to be completed  by end of 2031 Sisian-Kajaran section of North-South project planned to be completed  by end of 2031 
Railway passenger traffic 4.6% up in Armenia in 2024Railway passenger traffic 4.6% up in Armenia in 2024
Luys Foundation: Following the results of 2024, Armenia`s economic  growth  may be below 5.8%Luys Foundation: Following the results of 2024, Armenia`s economic  growth  may be below 5.8%
Armenia`s State Treasury experienced a revenue loss of 224 bln AMD in  2024Armenia`s State Treasury experienced a revenue loss of 224 bln AMD in  2024
Cadastral map in Kirants changed: Suren Tovmasyan refrains from  commenting on delimitation commission`s actions Cadastral map in Kirants changed: Suren Tovmasyan refrains from  commenting on delimitation commission`s actions 
Housing transactions in Armenia increased by about 13%Housing transactions in Armenia increased by about 13%
Head of Cadastre Committee warns against unauthorized building  projects Head of Cadastre Committee warns against unauthorized building  projects 
Ardshinbank s Nominal Forest Has Been PlantedArdshinbank s Nominal Forest Has Been Planted
AMD 59bln subvention programmes implemented in Armenia in 2024AMD 59bln subvention programmes implemented in Armenia in 2024
UMI to equally cover all insured persons - bill UMI to equally cover all insured persons - bill 
EAEU major actor in international economic relations - RF MFA EAEU major actor in international economic relations - RF MFA 
12.5% of Lydian Armenia CJSC stock gifted to the RA Government12.5% of Lydian Armenia CJSC stock gifted to the RA Government
Certain activity in Armenia`s interbank foreign exchange market  during last week of 2024 Certain activity in Armenia`s interbank foreign exchange market  during last week of 2024 
May the Holiday Warm Hearts: Idram and IDBank Support the Children of HeroesMay the Holiday Warm Hearts: Idram and IDBank Support the Children of Heroes
Armenia`s authorities to reduce compensations under Targeted Program  for Attracting Highly Qualified Specialists Armenia`s authorities to reduce compensations under Targeted Program  for Attracting Highly Qualified Specialists 
Armenia`s government imposes temporary ban on export of whitefish  caviar Armenia`s government imposes temporary ban on export of whitefish  caviar 
Armenia amends loan agreement on Kaps reservoir construction with KFWArmenia amends loan agreement on Kaps reservoir construction with KFW
Armenia to join first international document on AIArmenia to join first international document on AI
EC to issue EUR 12.9mln grant to Armenia to improve nuclear and  radiation safety EC to issue EUR 12.9mln grant to Armenia to improve nuclear and  radiation safety 
Armenia amends loan agreement with EFSD to ensure procurements under Kajaran tunnel projectArmenia amends loan agreement with EFSD to ensure procurements under Kajaran tunnel project
Electricity prices to remain unchanged for end users in 2025 Electricity prices to remain unchanged for end users in 2025 
Public Services Regulatory Commission approves Gasprom investment  programmePublic Services Regulatory Commission approves Gasprom investment  programme
Extending Holiday Care to Border Communities: AraratBank`s Gifts Reach 400 Children
EEC action plan for implementation of priorities of Armenia`s  chairmanship in EAEU bodies was intensive - Nikol Pashinyan EEC action plan for implementation of priorities of Armenia`s  chairmanship in EAEU bodies was intensive - Nikol Pashinyan 
Beneficiaries of the Beneficiaries of the "By Your Side" program at IDBank
Ardshinbank has once again been recognized as the Private Bank of the Year and Retail Bank of the Year by the Global Banking and Finance Awards magazine.Ardshinbank has once again been recognized as the Private Bank of the Year and Retail Bank of the Year by the Global Banking and Finance Awards magazine.
Russia values mutually beneficial multifaceted cooperation with its  partners in EAEU - Vladimir Putin Russia values mutually beneficial multifaceted cooperation with its  partners in EAEU - Vladimir Putin 
Gas supplies to Armenia via Georgia to be suspended Gas supplies to Armenia via Georgia to be suspended 
Shorter working hours pose risk to Armenia`s economy - Mantashyants  business clubShorter working hours pose risk to Armenia`s economy - Mantashyants  business club
Economic modernization programme portfolio AMD 341bln as of Dec 1,  2024 Economic modernization programme portfolio AMD 341bln as of Dec 1,  2024 
"Hidden gem" with mountain views is a perfect walking destination for  2025` - Express UK 
Amundi-Acba remains committed to supporting Armenia`s economic progressAmundi-Acba remains committed to supporting Armenia`s economic progress
 Armenia`s ambassador to Spain, Fomento del Trabajo Nacional discuss  development of trade relations between Armenian, Catalan companies  Armenia`s ambassador to Spain, Fomento del Trabajo Nacional discuss  development of trade relations between Armenian, Catalan companies 
Idram Joins the Fight Against Food InsecurityIdram Joins the Fight Against Food Insecurity
Armenia exports wine to Russia, imports from Spain, Italy Armenia exports wine to Russia, imports from Spain, Italy 
7.4% economic activity growth in Armenia in Jan-Nov 20247.4% economic activity growth in Armenia in Jan-Nov 2024
Armenia`s minister of finance explains causes of tax arrears Armenia`s minister of finance explains causes of tax arrears 
Recession in Armenia`s IT sector not linked to Armenia`s fiscal  policy  Recession in Armenia`s IT sector not linked to Armenia`s fiscal  policy  
Ardshinbank Finances the Construction of an Innovative Greenhouse FacilityArdshinbank Finances the Construction of an Innovative Greenhouse Facility
Budget performance leaves to be desired - minister Budget performance leaves to be desired - minister 
Armenia`s Ministry of Finance preparing Eurobond tranche next year Armenia`s Ministry of Finance preparing Eurobond tranche next year 
Armenia`s authorities postpone taxation of the income tax refundArmenia`s authorities postpone taxation of the income tax refund
Economic Competition Protection Commission fines gas-filling stationsEconomic Competition Protection Commission fines gas-filling stations
Read more
Exchange rates
10.01.2025
RUB3.890.01
USD396.84-0.01
EUR408.820.02
GBP487.910.66
CAD275.49-0.05
JPY25.10-0.02
CNY54.12-0.01
CHF434.13-0.87