ArmInfo. The loss ratio for OSAGO by the end of 2018 will be about 70%. This forecast was presented by the executive director of the Armenian Insurers' Bureau Vahan Avetisyan in a conversation with ArmInfo correspondent on March 30.
He said that in January-February 2018, the loss ratio for OSAGO (third party liability insurance) reached 76.7%. "During this period, this indicator is somewhat high, which is usually associated with the winter season," Avetisyan explained. According to the Bureau of Auto Insurers of Armenia, according to the results of 2017, the loss ratio for OSAGO was about 66%, with an annual growth of almost 11 percentage points. In 2017, the amount of accrued insurance premiums for motor third party liability insurance increased by 4.9% to 19.2 billion AMD, and the volume of paid insurance claims - by 32.4% to 11.9 billion AMD. By way of comparison, we note that in 2016 the growth rates of premiums and reimbursements were almost the same - 3.4% and 3.3% respectively.
In Armenia there are 6 insurance companies. As of January 1, 2018, Rosgosstrakh Armenia leads the insurance premiums in the class of compulsory motor TPL insurance, in second place - INGO Armenia, on the third - Nairi Insurance, followed by RESO, Sil Insurance and Armenia Insurance. "Rosgosstrakh Armenia" also takes precedence over insurance claims, "Nairi Insurance" takes the second place, "INGO Armenia" is on the third place.
