In Armenia, the number of terminated CMPTL contracts jumped 2.5 times  YoY in the first quarter of 2021 

 Wednesday, April 14 2021 16:18:00
In Armenia, the number of terminated CMPTL contracts jumped 2.5 times  YoY in the first quarter of 2021 

ArmInfo. In Armenia, the growth of CMPTL E-policy sales continues to  slow down in 2021 , to 66.1% in the first quarter from 3.2 times in  the same period in 2020. According to the Armenian Motor Insurers '  Bureau, the number of CMPTL contracts concluded online reached 41,493  in the first quarter of 2021. Their share in the total number of  CMPTL contracts increased in the first quarter of 2021 to 19% from  11% a year earlier.

Agricultural insurance gains high growth rates in Armenia in 2021
 Monday, March 22 2021 19:27

ArmInfo. In February 2021, 1,800 agreements between farmers and insurance companies were concluded in Armenia within the framework of the agricultural  insurance program, while for the whole of 2020 their number was  1,500, Head of the Department for Development of Agricultural  Programs of the RA Ministry of Economy Ira Panosyan said.

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FinRating ArmInfo: Reimbursements for insurance of freight going  abroad, medical insurance and compulsory motor third party liability  insurance have gone into decline
 Wednesday, March 3 2021 14:04

ArmInfo. For 2020, Armenian insurers reimbursed 23.2 billion drams or $ 44.4 million in different classes (figures are given from the reports of IC portfolios  according to the standards of the Central Bank of Armenia).

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FinRating ArmInfo: Fees on travel insurance dropped by 74% in 2020
 Saturday, February 27 2021 14:49

ArmInfo.At the end of 2020, premiums in the insurance market of Armenia turned their annual dynamics from 19.1% growth to 2.6% decline, which was also observed  along the trend of indemnities - from 17% growth to 13.2% decline. 

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FinRating ArmInfo: In a pandemic, travelers lost travel, and travel  insurance lost contracts 
 Friday, February 26 2021 19:07

ArmInfo. In 2020, the shares of retail and corporate components in premium portfolios of Armenian insurers almost equalized - 50.3% (22.4 billion drams) and 49.7%  (22.1 billion drams), against 52.8% and 47.2%, respectively. earlier.  According to the Financial Rating of Insurance Companies in Armenia,  prepared by ArmInfo IC, the retail insurance market capacity dropped  by 13.6% from 22.1% growth a year earlier, along with which the  dynamics of corporate insurance worsened - from 17.3% to 4.5%  decline.

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Finrating ArmInfo: Results of the first year of agricultural  insurance have been summed up
 Friday, February 12 2021 11:01

ArmInfo.Armenian insurance companies registered the first results of agricultural risks insurance - for 2021. According to the quarterly Financial Rating of Insurance  Companies of Armenia, prepared by the Financial Analysis Service of  ArmInfo IC, in 2020 the country's insurers participating in the  agricultural insurance program collected premiums totaling 130,946.0  thousand drams.  

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In 2020 insurance sector of Armenia increased payments to state  budget by 43.7%
 Wednesday, January 20 2021 20:58

ArmInfo.The list of 1000 largest taxpayers in Armenia at the end of 2020 included 5 insurance companies out of 6 operating in the country, while a year earlier  there were only 3 in this list.

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All-Armenian Fund "Hayastan" will donate $ 1.1 million to the  Military Insurance Fund
 Wednesday, December 9 2020 13:50

ArmInfo.The Hayastan All-Armenian Fund will transfer $ 1.1 million from the amount  transferred within the framework of the fundraising campaign "We and  Our Borders" to the Military Insurance Fund. The press service of the  Hayastan All-Armenian Fund reports.

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FinRating ArmInfo: The number of contracts on tourism and cargo  transportation declines in the insurance market
 Friday, October 30 2020 10:36

ArmInfo.According to the results of 9 months of 2020, the corporate component dominates in the premium portfolios of Armenian insurers - 50.9% (AMD 17.2 billion),  while the retail component accounts for 49.1% (AMD 16.6 billion),  against 49.7% and 50, 3% respectively a year earlier.

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Financial rating ArmInfo: Armenian insurance sector summed up 9  months of 2020 with a profit of $ 8.2 million.
 Tuesday, October 27 2020 15:19

ArmInfo. The total net profit of insurance companies in Armenia for 9 months of 2020 jumped 3.6 times against the same period last year (against 3 times growth a  year earlier), exceeding 4 billion drams ($ 8.2 million).

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The insurance sector of Armenia transferred $ 3.2 million to the  state treasury for taxes in 9 months of 2020
 Saturday, October 17 2020 22:00

ArmInfo.The insurance sector of Armenia in January-September 2020 paid taxes for 1.6 billion drams ($ 3.2 million), which is 33.3% higher than a year ago (against a 25%  decline a year earlier). Of this amount, 1.4 billion drams fell on  direct taxes, with an annual growth of 16.7% (against a 14.3% decline  a year earlier).

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Membership in international Green Card system and broad cooperation  within CIS countries -these are the goals of Armenian Motor Insurers`  Bureau
 Wednesday, September 2 2020 19:25

ArmInfo.The Bureau of Auto Insurers of Armenia celebrates its 10th anniversary in September. By that date, the Bureau issued a progress report and presented in  figures the achievements on the main indicators. As ArmInfo was told  in the press service of the Bu Armenian Motor Insurers' Bureau, the  Bureau's long-term plans include membership in the international  Green Card system and broad cooperation within the framework of the  CIS countries. In the medium term, it is planned to liberalize  insurance premiums either with the establishment of maximum and  minimum thresholds, or without the need for them.

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Certificates of insurance of e-CMTPL have grown several-fold in  Armenia
 Monday, August 24 2020 16:07

ArmInfo. In Armenia, the share of electronic CMTPL (e- CMTPL) certificates of insurance in the total number of contracts increased 3-fold by August 2020 - up to 13% from 4% a year earlier.

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Expert: The agricultural insurance program has shown its  effectiveness, despite the 100% loss ratio
 Friday, August 21 2020 16:51

ArmInfo. The implementation of the agricultural risks insurance program, which practically began at the end of last year, has shown its effectiveness and even to a certain extent exceeded the expectations of insurers. Specialist in  agricultural insurance, Head of the Underwriting Department of "INGO  Armenia" insurance company Levon Kocharyan said  in an interview with  ArmInfo.

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

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.

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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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