ArmInfo. The share of retail insurance in the portfolios of premiums of Armenian insurers for the first half of 2017 was 54.6% (9.3 billion drams), corporate - 45.4% (7.7 billion drams). At the same time, the capacity of the retail insurance market improved the annual trend from negative 3.9% to positive 2.7%, while the growth rate of corporate insurance accelerated from 7.3% to 8.5%.
Before the introduction of OSAGO in Armenia, as well as obligatory individual health insurance of state employees, the share of corporate insurance significantly prevailed over retail.
According to Ranking of insurance companies of Armenia as of July 1, 2017, prepared by IA ArmInfo, retail insurance prevails in premium portfolios of all insurers, with the exception of INGO Armenia, with corporate insurance prevailing - 54.4%. The largest disproportion between retail and corporate insurance was recorded by three companies - RESO (74.2% and 25.8%), Insurance Company Armenia Insurance (66.9% and 33.1%) and Insurance Company Nairi Insurance 61.9% and 38.1%). At Rosgosstrakh Armenia, the share of retail insurance slightly prevails over the corporate one - 51.1% and 48.9%, and this insignificant difference appears in the Insurance Company "Sil Insurance" - 51.7% and 48.3%.
In the structure of insurance reimbursements, the share of payments to retail customers was 70.5% or 5.6 billion drams, corporate - 29.5% or 2.4 billion drams. At the same time, reimbursements to legal entities slowed the annual growth from 37.9% to 7%, with the improvement in the trend of payments by the physical - from 2.3% to a positive 23%.In the structure of premiums listed for reinsurance, the share of corporate insurance was 93.4% or 1.8 billion drams (acceleration of annual growth from 4.4% to 34%), retail - 6.6% or 128.9 million drams (annual trend yield With a 6.4% decline in 13% growth).Armenian insurers for the II quarter of 2017 concluded 252711 contracts, exceeding the number of contracts of a year ago by 3.4%. Thus, the number of insurance contracts effective as of July 1, 2017 was 662880 with an annual growth of 3.7%. Among the classes, the OSAGO retains the leading position in terms of the number of concluded contracts - in the second quarter more than 181 thousand, the number of valid contracts for which as of July 1 exceeded 448 thousand.
Among voluntary types of insurance, the most popular is accident insurance, which in the II quarter was concluded 33.9 thousand contracts, and the number of acting as of July 1 reached 127.1 thousand. According to the number of contracts in the segment of compulsory motor third party liability insurance, Rosgosstrakh Armenia (120.4 thousand active as of July 1, of which 43.6 thousand are concluded in the II quarter), insurance (95.6 thousand and 3.9 thousand respectively acting as of July 1, respectively), in terms of property insurance, leadership was entrusted to INGO Armenia (15.4 thousand effective as of July 1), health insurance continues to be in the lead "Sil Insurance" (5.5 thousand effective as of July 1), and for insurance of those leaving abroad, the "Rosgosstrakh Armenia" (5.1 thousand effective as of July 1) was assigned to it.Rosgosstrakh Armenia is leading in terms of the number of contracts concluded in the second quarter of the year - 60.4 thousand, RESO - 56.7 thousand, SECOND of the INGO Armenia - 49.8 thousand, at the fourth Nairi Insurance -39.1 thousand, at the fifth Force Insurance - 24.5 thousand and closes the list of Armenia Insurance - 22.2 thousand. For all six companies, the compulsory motor third party liability insurance with a maximum of Seoul Insurance (88%) and a minimum of RESO (50%) falls on all six companies.
It should be noted that in Armenia, 17 out of the existing 19 insurance classes are involved, except for railway transport, judicial and extrajudicial expenses. Ingo Armenia works for 16 types, Rosgosstrakh Armenia for 15, Armenia-11 for insurers, Armenia Insurance and RESO, 10 for Nairi Insurance. (The calculated exchange rate of the dram to the dollar as of 30.06.17 was 480.47 AMD / $).