ArmInfo. On February 9, Armenia's Central Bank Co-Chairman Arthur Javadyan and President of Bimeh Markazi Iran (central insurance of Iran) Abdolnasser Hemmati signed memorandum on cooperation in Yerevan. As the CB press-service told ArmInfo, the document was signed during the visit to CB Armenia by the Iranian delegation, represented by the Directors of Iran's leading insurance companies.
The aim of memorandum is to create a basis for cooperation in the field of insurance, to provide availability to insurance services for the citizens of the states, to cooperate in the field of reinsurance, create basis for the presence of the insurance companies in the states in the framework of the constitution, hold joint training programs and seminars, also mutual visits on experience exchange.
To note, the first similar memorandum between the Central Bank of Armenia and the Central Insurance of Iran was signed in 2009.
According to the Ranking of Insurance Companies, prepared by ArmInfo, the total assets of 6 operating on the insurance companies reached by January 1, 2017 is 43.3 billion drams or $ 89.6 million, with an annual rise of 12.5%. The total net profit for 2016 increased by 34% - up to 3.6 billion drams or $ 7.3 million, the volume of insurance premiums increased by 6.8% for the year 2016 to 32.2 billion drams ($ 66.6 million). With the decline of insurance claims by 13.7% - to 14.1 billion drams ($ 29.1 million). Of the existing 19-SC Armenian classes are working on 17 classes of insurance, except for insurance of railway transport and insurance of judicial and extrajudicial costs. In 16 classes licensed insurance company "INGO Armenia" (the only working class insurance of water transport), after which the classes in the number of licensed comes "Rosgosstrakh Armenia" - 15 classes of insurance (the only one working on credit risk insurance class).