FinRating ArmInfo: Agreements on tourism and cargo transportation  segments have significantly declined in the insurance market

 Wednesday, August 5 2020 19:22:00
FinRating ArmInfo: Agreements on tourism and cargo transportation  segments have significantly declined in the insurance market

ArmInfo.According to the results of the first half of 2020, the corporate component dominates in the premium portfolios of Armenian insurers - 56.2% (13.7 billion drams), while the retail component accounts for 43.8% (10.6 billion drams), against 55.9% and 44, 1% respectively a year earlier.

Over the year, the volume of indemnities of Armenian insurers  decreased by 4.7%
 Tuesday, August 4 2020 14:20

ArmInfo. For the first half of 2020, Armenian insurers reimbursed 11.3 billion drams or $ 23.4 million in different classes (the figures are given from the reports  of IC portfolios according to the standards of the Central Bank of  Armenia). In y-o-y terms, insurance claims declined by 4.7%, against  an increase of 9.8% a year earlier. The same deterioration in the  y-o-y dynamics was demonstrated by insurance premiums - from an 18.7%  growth to a 7.7% decline, amounting to 24.3 billion drams or $ 50.3  million.

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Motor Insurers` Bureau of Armenia has raised the maximum threshold  under the European protocol to 200 thousand drams from August 1
 Monday, August 3 2020 13:20

ArmInfo. Motor Insurers' Bureau of Armenia announces an increase from August 1, of the maximum damage threshold under the Euro protocol to 200 thousand AMD from the previous 100 thousand AMD. As the Bureau explains, this new threshold applies to insured events in Yerevan, the agreed declaration for  which is filled out through the ASWA mobile application.

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Finrating ArmInfo: Armenia`s insurance sector summed up the first  half of 2020 with a profit of $ 6.9 million.
 Wednesday, July 29 2020 14:12

ArmInfo.The total net profit of insurance companies in Armenia in the first half of 2020 jumped 4.4 times against the same period last year (against 71% growth a year  earlier), exceeding AMD 3.3 billion or $ 6.9 million.

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Insurance sector of Armenia in H1 of 2020 increased tax payments to  state treasury by 23.9%
 Monday, July 20 2020 18:59

ArmInfo.  In the H1 of 2020, the  insurance sector of Armenia paid taxes for 1.2 billion drams, which  is 23.9% higher than a year ago. Out of this amount, 339.6 million  drams fell on income tax, with a y-o-y growth of 37.6%.

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In Armenia, CMTPL electronic policies are becoming more popular among  car owners
 Friday, July 17 2020 14:52

ArmInfo. In Armenia, e-CMTPL insurance policies (e-CMTPL) are becoming more and more popular among car owners. As a result, the share of e-CMTPL in the total number of CTPL-contracts reached 13% by July 2020 from 4% a year earlier. 

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Sales of  Third party Liability (TPL)  electronic policies grow  rapidly in Armenia
 Monday, June 22 2020 13:23

ArmInfo. In Armenia, sales of TPL electronic policies are growing rapidly, the share of which in the total number of TPL agreements by June 2020 increased to 13% from 4% a year earlier. According to the data of the Auto Insurers Bureau of  Armenia, according to the results of January-May 2020, the number of  TPL-agreements concluded in the online mode reached 45504, having  increased 3 times in annual terms.

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Garnik Petrosyan: Agricultural insurance in Armenia should develop in  a trilateral format
 Tuesday, June 16 2020 23:16

ArmInfo. The government should reinsure the risks of insurance companies participating in the agricultural insurance program. Garnik Petrosyan, former deputy minister of agriculture, candidate of agricultural sciences,  expressed a similar opinion during an online press conference  organized by the Club of Economic Journalists.

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In Armenian insurance market corporate portfolio dominates in  premiums, while retail component dominates in reimbursements
 Friday, May 22 2020 15:33

ArmInfo.According to the results of the Q1 of 2020, the corporate component dominates in the premium insurance portfolios of Armenian insurers - 64.2% (10.2 billion drams), while the retail component accounts for 35.8% (5.7 billion  drams), against 65.8% and 34 2% respectively a year earlier. 

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In Armenia, the growth of health insurance indemnities sharply  accelerated
 Thursday, May 21 2020 18:24

ArmInfo.For the first quarter of 2020, Armenian insurers reimbursed 6.4 billion drams or $ 12.7 million for different classes (the figures are given from the reports of UK portfolios according to the standards of the CBA). Annual  growth in insurance claims accelerated from 4.3% to 7.1%.

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ArmInfo FinRating: With the introduction of state of emergency,  premiums of Armenian insurance companies decrease 
 Thursday, May 21 2020 14:38

ArmInfo.In the Q1 of 2020, premiums of Armenian insurance companies decrease due to the outbreak of the coronavirus pandemic. According to the Financial Rating of Armenian Insurance Companies prepared by ArmInfo IC, premiums fell by 4.2% y-o-y against 17.6% last year. The decrease in the volume of collected premiums was accompanied by a significant slowdown in the  growth of insurance payments - up to 5.8% compared to last year's  13.3%.  

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Insurance indemnities in Armenia will be excluded from the list of taxable funds
 Wednesday, May 6 2020 11:17

ArmInfo. Insurance indemnities in Armenia will be excluded from the list of taxable funds. The RA National Assembly at its plenary meeting on May 6 in the second and final reading amended the Tax Code.

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Armenian insurance sector reduced tax payments to the state budget by  15.6% in the first quarter of 2020
 Friday, April 24 2020 11:19

ArmInfo. In the first quarter of 2020, the insurance sector of Armenia reduced tax payments to the state budget by 15.6% to 534.7 million drams, of which 445.2 million  drams were paid out of direct taxes (including income tax and income  tax).

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Third party liability insurance contracts concluded in online mode  continue to grow rapidly
 Monday, March 30 2020 13:13

ArmInfo.In Armenia, third party liability insurance contracts concluded online are continuing to grow rapidly.

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523 contracts signed in Armenia within the framework of a pilot  program for agricultural risk insurance
 Tuesday, March 24 2020 19:03

ArmInfo. As of March 20, 2020, in Armenia, as part of the pilot program for agricultural risk insurance, 523 insurance contracts were concluded in Armenia. The  press service of the Ministry of Economy of the Republic of Armenia  reported this on March 24.

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IC "INGO Armenia" switches to emergency mode of remote servicing
 Wednesday, March 18 2020 18:01

ArmInfo. The INGO Armenia insurance company decided to switch to an emergency mode of remote servicing, based on social responsibility to customers and taking  into account the government decision to introduce an emergency. This  was reported by the press service of INGO Armenia IC, while  simultaneously notifying that all employees of the insurance company  will work from home, ensuring uninterrupted workflow.

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Armenian Motor Insurers` Bureau through ASWA automated the  registration of insurance claims under the Euro Protocol
 Tuesday, February 18 2020 17:09

ArmInfo. Armenian Motor Insurers' Bureau  continues to automate CTPL processes, this time introducing the ASWA mobile application for processing insured events  using the Euro protocol. This was reported by the press service of  the Armenian Motor Insurers' Bureau.

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``ArmInfo`` issued the 60th anniversary insurance informational and  analytical bulletin
 Tuesday, February 18 2020 14:10

ArmInfo. "ArmInfo" Information Company issued the 60th anniversary quarterly information and analytical bulletin "Ranking of Armenian Insurance Companies".

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RA Ministry of Economy: Agricultural Risk Insurance Program to be  expanded in Armenia
 Monday, February 17 2020 15:24

ArmInfo. Agricultural risk insurance program in Armenia will be expanded. This was announced at a press conference in Yerevan on February 17 by head of the   Department of Agricultural Programs Elaboration, Resource Use and  Cooperative Development of the RA Ministry of Economy Ira Panosyan.

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Arsen Torosyan to discuss in the Republic of Korea principles of  introducing health insurance 
 Monday, February 17 2020 12:00

ArmInfo.A delegation led by the RA Minister of Healthcare Arsen Torosyan is on a working visit to the Republic of Korea to participate in the event "Knowledge exchange between Armenia, Georgia and Korea on Health Insurance".

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M. Abrahamyan: Agricultural risks insurance will definitely have  positive impact on the development of agricultural sector and  agricultural lending
 Saturday, February 15 2020 03:28

ArmInfo. Agricultural risk insurance will definitely have a positive impact on the development of the agricultural sector of Armenia and on agricultural lending.  This opinion was expressed on February 14 by Chairman of the Union of  Banks of Armenia (UBA), Chairman of the IDBank Board Mher Abrahamyan,  answering a question from ArmInfo.

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Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

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