Monday, February 11 2019 15:15
Karine Melikyan

ArmInfo: In Armenia, the loss ratio for medical insurance increased  in 2018 to 67%

ArmInfo: In Armenia, the loss ratio for medical insurance increased  in 2018 to 67%

ArmInfo. In Armenia, with the  process of phased introduction of compulsory health insurance the  loss ratio in the general class of medical insurance increased in  2018 on average in the market to 67%, against 55.8% in 2017.

According to ,  prepared by ArmInfo IC, the growth of premiums for medical insurance  accelerated in 2018 to 50.4% from 28.1% in 2017, reaching 10.7  billion drams ($ 22.1 million), and refunds - from 17.8% to 73%,  making 6.97 billion drams ($ 14.4 million).

To note, since October 1, 2017, a phased introduction of the  compulsory health insurance started in Armenia, starting from the  social package for civil servants - over 100 thousand beneficiaries,  funded by state funds. So far, the compulsory health insurance will  be limited to civil servants, and the underprivileged segments of the  population - about 612,000 people - will fall under the compulsory  health insurance only in 2021, after the creation of the Universal  Health Insurance Fund. Monthly insurance payments in the Universal  Health Insurance Fund may amount to 2-3% of the salary of working  citizens.  The Ministry of Health hopes that within the next two  years all ambiguities in the implementation of the compulsory health  insurance system will disappear.

According to FinRating ArmInfo, in the class of medical insurance,  INGO Armenia keeps the leadership in the market, providing insurance  premiums in the amount of 3.2 billion drams and compensation of 2.1  billion drams as of January 1, 2019, with an y-o-y growth of these  indicators by 39.3% and 60.5%.  "Rosgosstrakh Armenia" insurance  company took second place with insurance premiums in the amount of  2.9 billion and indemnities in the amount of 2.02 billion drams.  Nairi Insurance - 2.3 billion drams and 1.2 billion drams, closes the  TOP-3 for insurance premiums and reimbursements of this class  respectively. "Sil Insurance> - 1.4 billion and 1 billion drams,  occupies the fourth position in terms of insurance premiums and  reimbursements of this class. "RESO" and "Armenia Insurance" took the  fifth and sixth positions:  insurance premiums - respectively 544.2  million and 380.1 million drams, reimbursement - respectively 393.4  million and 260.3 million drams. Insurance premiums and medical  insurance premiums increased all six companies for 2018, with the  largest increase provided by Armenia Insurance's closing list - by  2.1 times for premiums and by 2.7 times for refunds.

To note, the loss ratios also grew on third party liability insurance  - up to 68.4%, against 61.7% for 2017, and for fully comprehensive  insurance - up to 75.7%, against 67.4% for 2017. The y-o-y growth of  the loss ratio was also observed in property insurance against other  damages - from 14.5% to 16%, and in insurance of financial damage -  from 20.9% to 23.2%.

For the other classes, loss ratios decreased in 2018: for insuring  those traveling abroad - from 19.7% to 18.8%, property from fires and  natural disasters - from 8.1% to 3.8%, from accidents - from 7.5% to  6.9%, liability from the use of motor vehicles - from 28.3% to 25%,  freight traffic - from 10% to 9.1%, for general liability insurance -  to 0.23%.

The zero loss ratio was recorded in 2018 for the insurance of air  transport, which was observed a year earlier (against 3.5% in 2016). 

POST A COMMENT
Input digits     


News
Ruben Vardanyan on the question related to offshore: When you do  something good, always expect bad things Ruben Vardanyan on the question related to offshore: When you do  something good, always expect bad things 
It turned  possible to obtain synthetic petroleum products from coal  obtained as a result of the development of the Karabakh deposit  MagavuzIt turned  possible to obtain synthetic petroleum products from coal  obtained as a result of the development of the Karabakh deposit  Magavuz
International Finance Corporation can assist Armenia in capital  market developmentInternational Finance Corporation can assist Armenia in capital  market development
The head of the SRC for auto-importers: the tax is obliged to adhere  to the framework of the current legislation, but for now will refrain  from measures of administrative coercionThe head of the SRC for auto-importers: the tax is obliged to adhere  to the framework of the current legislation, but for now will refrain  from measures of administrative coercion
Despite the restructuring process, the Ministry of Transport of  Armenia is ready to support new programs and ideasDespite the restructuring process, the Ministry of Transport of  Armenia is ready to support new programs and ideas
EDB forecasts acceleration of economic growth in Armenia in 2019 due  to recovery of investment activityEDB forecasts acceleration of economic growth in Armenia in 2019 due  to recovery of investment activity
EDB launched a settlement system for legal entities with no need to  use SWIFT EDB launched a settlement system for legal entities with no need to  use SWIFT 
Natural gas supplies from Russia to Armenia in January-March 2019  increased by 6%Natural gas supplies from Russia to Armenia in January-March 2019  increased by 6%
Armenia intends to increase transparency in subsoil useArmenia intends to increase transparency in subsoil use
Armenian Foreign Minister visited Armenian Foreign Minister visited "Engineering City"
Armenian parliament amended law on state assistance in the field of  information technologyArmenian parliament amended law on state assistance in the field of  information technology
Armenian parliament approves agreement on trade and economic  cooperation between China and the EAEUArmenian parliament approves agreement on trade and economic  cooperation between China and the EAEU
Beeline Armenia PR manager reads  Beeline Armenia PR manager reads  "PR and Communication Technologies"   lecture for students 
Central Bank of Armenia and KfW to discuss the possibility of  implementing 3 new programs in the fields of renewable energy,  mortgage, trade and SMECentral Bank of Armenia and KfW to discuss the possibility of  implementing 3 new programs in the fields of renewable energy,  mortgage, trade and SME
Within framework of digital services, Ardshinbank activated Within framework of digital services, Ardshinbank activated "Money  transfer by telephone call" service 
Armenian parliament agreed to raise customs duty on cement, leaving  the same rate on clinker unchangedArmenian parliament agreed to raise customs duty on cement, leaving  the same rate on clinker unchanged
Head of Ministry of Emergency Situations doubts effectiveness and  justification of anti-hail stations and calls for thinking about  introduction of agricultural insuranceHead of Ministry of Emergency Situations doubts effectiveness and  justification of anti-hail stations and calls for thinking about  introduction of agricultural insurance
Armenian government ready to consider extending customs duty on  imported clinker for cement productionArmenian government ready to consider extending customs duty on  imported clinker for cement production
Russian company is interested in the program of reforming Yerevan  transport system Russian company is interested in the program of reforming Yerevan  transport system 
Advertising of financial intermediaries to be banned in ArmeniaAdvertising of financial intermediaries to be banned in Armenia
Subsoil Code and the package of related laws have been amended in the  first reading of the Armenian ParliamentSubsoil Code and the package of related laws have been amended in the  first reading of the Armenian Parliament
Armenian SRC carries out various activities at 71 gas filling  stationsArmenian SRC carries out various activities at 71 gas filling  stations
VivaCell-MTS service centers operational on Good FridayVivaCell-MTS service centers operational on Good Friday
Cloud PBX solution by VivaCell-MTS: Cost-efficient services for companiesCloud PBX solution by VivaCell-MTS: Cost-efficient services for companies
Head of SCS: Two companies of farmers-water users are obliged to  restore to the budget the amount of more than 2 billion dramsHead of SCS: Two companies of farmers-water users are obliged to  restore to the budget the amount of more than 2 billion drams
Minister: A 10-year program worth $ 700 million is implemented in  Minister: A 10-year program worth $ 700 million is implemented in  "Armenian Electric Networks" CJSC
The implementation of the modernization program of the second power  unit of the Armenian nuclear power plant will lead to an increase in  plant capacity by 10%The implementation of the modernization program of the second power  unit of the Armenian nuclear power plant will lead to an increase in  plant capacity by 10%
State Interest Fund to be established in ArmeniaState Interest Fund to be established in Armenia
PharmaTech JSC invests 4.2 billion drams into the modernization of  productionPharmaTech JSC invests 4.2 billion drams into the modernization of  production
"Volume Group" company invests in the expansion of production of 623  million drams


Exchange rates
23.04.2019
RUB7.560.00
USD481.56-0.42
EUR542.00-0.18
GBP626.560.47
CAD360.15-0.67
JPY43.05-0.01
CNY71.79-0.11
CHF472.81-2.23


Experts
Former head of the Ministry of Finance: <Confrontation> with Lydian may cost much to ArmeniaFormer head of the Ministry of Finance: with Lydian may cost much to Armenia
Vardan Aramyan: It will be unreasonable if the government goes to revise the allowable national debt ceiling in GDPVardan Aramyan: It will be unreasonable if the government goes to revise the allowable national debt ceiling in GDP
HSBC Bank Armenia increases efficiency and focuses on digital servicesHSBC Bank Armenia increases efficiency and focuses on digital services
Bulgarian Minister: The level of Armenian-Bulgarian economic  cooperation is still unsatisfactoryBulgarian Minister: The level of Armenian-Bulgarian economic  cooperation is still unsatisfactory
Expert: Recruitment market in Armenia from the point of view of  supply and demand is sleepingExpert: Recruitment market in Armenia from the point of view of  supply and demand is sleeping
Expert: Despite the adequacy of Armenian banks` capitals, the  opportunities for its optimal use are severely limitedExpert: Despite the adequacy of Armenian banks` capitals, the  opportunities for its optimal use are severely limited
Association of Organic Agriculture is being created in ArmeniaAssociation of Organic Agriculture is being created in Armenia
Pailak Tadevosyan: Governments change in Armenia, but taxation  approaches do not changePailak Tadevosyan: Governments change in Armenia, but taxation  approaches do not change
Rouben Indjikian: Everyone should follow the established unified and fair rules of the gameRouben Indjikian: Everyone should follow the established unified and fair rules of the game
Mher Arakelyan:  Armenia`s payment business has great prospectsMher Arakelyan:  Armenia`s payment business has great prospects
Rating-Agentur Expert RA GmbH and AmRating issued an industry report  on Armenia`s banking systemRating-Agentur Expert RA GmbH and AmRating issued an industry report on Armenia`s banking system
Igor Nazaruk: Each planted sprout has the right to a successful prospect if it is cherished and taken care ofIgor Nazaruk: Each planted sprout has the right to a successful prospect if it is cherished and taken care of
Ara Khzmalyan: Armenia is comfortable to Russian touristAra Khzmalyan: Armenia is comfortable to Russian tourist
The Armenian delegation to the US followed the advice of President TrumpThe Armenian delegation to the US followed the advice of President Trump
Outflow of population and passivity of the Diaspora pushes property prices downOutflow of population and passivity of the Diaspora pushes property prices down
Finombudsman: Amendments to the Civil Code on the imposition of fines and penalties will reduce the number of outstanding loans and  non-creditworthy consumersFinombudsman: Amendments to the Civil Code on the imposition of fines and penalties will reduce the number of outstanding loans and non-creditworthy consumers
Vahan Shakaryan: If we promote Armenia, the promotion of economic sectors will not be a run with obstacles, but a light run for short distancesVahan Shakaryan: If we promote Armenia, the promotion of economic sectors will not be a run with obstacles, but a light run for short distances
Gagik Aghajanyan: There is no need to look for alternatives - it is necessary to work and develop actual   directionsGagik Aghajanyan: There is no need to look for alternatives - it is necessary to work and develop actual   directions
Vitaly Nesis: Armenia is very promising from the geological point of viewVitaly Nesis: Armenia is very promising from the geological point of view
The market of OSAGO goes into virtual spaceThe market of OSAGO goes into virtual space

Search by date

Government Bonds

 

ISIN AMGT13291250
Auction ID AMGB1029A250A
Date 02.02.2019
Issue date 29.10.2019
Issue volume (AMD) 50 000 000 000
Maturity date 29.10.2025
Coupon year yield 11.00%
Auction volume (AMD) 1000 000 000 - 2.000 000 000
Auction date 12.05.2017
DLS
Total amount (AMD) 1 000 000 000
Amount of the total bids (AMD) 787 200 000
Amount of the total accepted bids (AMD) 787 200 000
Cut of yield (%) 10,6447
Weighted avrage yield (%) 10,6447
Auction max  yield (%) 10,6447
Auction min  yield (%) 10,6447
Number of participants 5
ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000

Commented
Overdue loans accelerate growth in banking system of ArmeniaOverdue loans accelerate growth in banking system of Armenia
RA Prime Minister: European Union is not ready to finance 100% of  development programs implementation in ArmeniaRA Prime Minister: European Union is not ready to finance 100% of  development programs implementation in Armenia
T.Avinyan: The Government is open for cooperation and encourages  active dialogue and interaction in all areas T.Avinyan: The Government is open for cooperation and encourages  active dialogue and interaction in all areas 
Agreement on construction of a new unit with combined gas cycle  signed in YerevanAgreement on construction of a new unit with combined gas cycle  signed in Yerevan
Veolia Jur: Regulatory charges are false and unfoundedVeolia Jur: Regulatory charges are false and unfounded
Armenian Prime Minister: We are gaining momentum for economic takeoffArmenian Prime Minister: We are gaining momentum for economic takeoff
Through the mobile banking application of Ardshinbank you can get a  loan in seconds.Through the mobile banking application of Ardshinbank you can get a  loan in seconds.
By the end of 2018, By the end of 2018, "Galburdjian Group" will launch the production of  sesame oil in Armenia
Expert: Armenia has a problem with effective use of water resources,  rather than small hydropower stationsExpert: Armenia has a problem with effective use of water resources,  rather than small hydropower stations
Investment forum Investment forum "Energy Week 2018" to be held in Armenia
Expert: It is necessary to start implementing the program for the  construction of a new nuclear unitExpert: It is necessary to start implementing the program for the  construction of a new nuclear unit
The Armenian government suggests raising the minimum pension by 60%The Armenian government suggests raising the minimum pension by 60%
The updated feasibility study of construction project of electricity transmission line Armenia- Georgia will be ready by the end of the year - the Ministry of EnergyThe updated feasibility study of construction project of electricity transmission line Armenia- Georgia will be ready by the end of the year - the Ministry of Energy
Eurasian Development Bank wishes to expand its activities in ArmeniaEurasian Development Bank wishes to expand its activities in Armenia
$ 100 million to be invested in repatriation project Build Armenia$ 100 million to be invested in repatriation project Build Armenia
FRV: Armenia`s growing desire to increase renewable energy sources is  a decisive factorFRV: Armenia`s growing desire to increase renewable energy sources is a decisive factor
Suren Papikyan: It`s safe now to do business in Armenia, assures  Armenian MinisterSuren Papikyan: It`s safe now to do business in Armenia, assures  Armenian Minister
Armenian state debt started reducing up to $6.7 bln to June 1 2018Armenian state debt started reducing up to $6.7 bln to June 1 2018
Minister: Implementation of program on liberalization of the electric  power complex of Armenia will be completed within the next two yearsMinister: Implementation of program on liberalization of the electric  power complex of Armenia will be completed within the next two years
Nikol Pashinyan: In a number of cases after paying fines and  penalties the borrowers will be allowed to take new loan Nikol Pashinyan: In a number of cases after paying fines and  penalties the borrowers will be allowed to take new loan 
German bank KFW urges Armenia to build power line in the direction to  GeorgiaGerman bank KFW urges Armenia to build power line in the direction to  Georgia
Anna Chobanyan-one of most likely candidates for new Head of General  Department of Civil Aviation Anna Chobanyan-one of most likely candidates for new Head of General  Department of Civil Aviation 
IFAD confirms its readiness to develop and implement new joint programs with Armenia`s Agriculture MinistryIFAD confirms its readiness to develop and implement new joint programs with Armenia`s Agriculture Ministry
Rosselkhoznadzor asks not politicize the issue of deliveries of tomatoes from Armenia to RussiaRosselkhoznadzor asks not politicize the issue of deliveries of tomatoes from Armenia to Russia
Armenian nuclear power station has a resource for work for another 30  yearsArmenian nuclear power station has a resource for work for another 30 years
Premier: Construction of a new nuclear power plant in Armenia is one of the priorities of the new government of the countryPremier: Construction of a new nuclear power plant in Armenia is one of the priorities of the new government of the country