ArmInfo. In the Armenian insurance market, compensation growth continues to accelerate, while  premium growth has slowed, as a result of which market profits have begun to decline, according to the data of the anniversary issue No.75 of the Financial Rating of Insurance Companies of Armenia as of  September 30, 2023, prepared by ArmInfo IC based on published reports  and portfolio data requested from the insurance companies.

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo. Following the results of 9 months of 2022, the share of the corporate component in the premium portfolios of Armenian insurers, began to prevail over the  retail component even more - 53.8% (25.6 billion drams) against 46.2%  (21.97 billion drams) , while the gap was smaller in a similar  situation a year ago - 51.8% and 48.2%, respectively. According to  the Financial Rating of Insurance Companies of Armenia as of  September 30, 2022, prepared by ArmInfo, the capacity of the  corporate insurance market accelerated growth more noticeably, from  14% to 30.5%, than the capacity of the retail insurance market, from  10.2% to 20.1%.

ArmInfo. Insurance companies in Armenia receive profits through insurance mainly from CMPTL and medical insurance - 8.1-7.6 billion drams, to a slightly lesser  extent from property insurance, CASCO, accident insurance - 3.6-1.3  billion drams.

ArmInfo. The share of the corporate component continues to prevail over the retail one in the premium portfolios of Armenian insurers in H1 2022, - 58.2% (19.7  billion drams) against 41.8% (14.1 billion drams), which is very  close to the data of a year ago - 57% against 43% respectively.  

ArmInfo.. "Rossgostrakh Armenia" IC continues to lead in terms of net insurance premiums and net insurance claims. According to the data of the Financial Rating of  Insurance Companies of Armenia as of June 30, 2022, prepared by  ArmInfo, following the results of the first half of the year, the net  insurance premiums of "Rossgostrakh Armenia" IC exceeded 5.9 billion  drams ($14.6 million), and net insurance claims - 3.8 billion drams  ($9.4 million), with a y-o-y growth of the net insurance premiums by  11.3%, while the net insurance claims declined by 7.3%.

ArmInfo. The share of the corporate component in the premium portfolios of Armenian insurers in Q1 2022 exceeds the retail component - 65.5% (13.3 billion drams) and 34.5% (7 billion drams), almost repeating the figures of a year ago - 64.9%  and 35 .1% respectively.  

ArmInfo. "Rossgostrakh Armenia IC " holds the lead in net insurance premiums, while continuing to lead in net insurance claims as well. This is evidenced by the data of the  Financial Rating of Insurance Companies of Armenia as of March 31,  2022, prepared by ArmInfo IC, based on the results of the first  quarter.

ArmInfo.

ArmInfo.In the premium portfolios of Armenian insurers in the first half of 2021, the  corporate component continues to prevail over the retail one - 57%  (15.1 billion drams) and 43% (11.4 billion drams), almost repeating  the indicators of a year ago - 56.2% and 43.8% respectively.  According to the Financial Rating of Insurance Companies of Armenia,  prepared by ArmInfo IC, the annual dynamics of the absolute values of  both indicators changed from the 7.4-8.5% decline by 10.9-7.6%  growth.

ArmInfo.

ArmInfo. In the first quarter of 2021, the share of the corporate component in the premium portfolios of Armenian insurers significantly exceeded the retail component -  64.9% (10.6 billion drams) and 35.1% (5.7 billion drams). AMD),  almost repeating the figures of a year ago - 64.2% and 35.8%,  respectively.

ArmInfo. VTB Bank (Armenia) and Motor Show Kia Motors jointly launch a new car loan program, offering customers a wide selection of KIA cars on unprecedentedly favorable conditions. ArmInfo reported this in the press service of the bank.

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).

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. 

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.

ArmInfo.

ArmInfo.