In Armenia`s insurance market, the loss ratio for OSAGO decreased to 73.2% by June 2025 Saturday, June 14 2025 12:40:00
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 ArmInfo. In the Armenian insurance market, the loss ratio for OSAGO has begun to decrease since 2025, amounting to 73.2% in January-May compared to 79.7% the previous year. as evidenced by data from the Bureau of Motor Insurers of Armenia. |
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). >>> |
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). >>> |
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. >>> |
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. >>> |
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. >>> |
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. >>> |
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. >>> |
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. >>> |
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. >>> |
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%. >>> |
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. >>> |
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. >>> |
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. >>> |
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. >>> |
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%. >>> |
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%. >>> |
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. >>> |
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). >>> |
Monday, March 30 2020 13:13
ArmInfo.In Armenia, third party liability insurance contracts concluded online are continuing to grow rapidly. >>> |
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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