ArmInfo. In the insurance market of Armenia, the loss ratio for compulsory motor third-party  liability insurance increased to 79.1% by September 1, 2024 from 65% last year. This is evidenced by the data of the Bureau of Motor Insurers of Armenia.

ArmInfo. The Motor Insurers' Bureau of Armenia has announced an increase in the maximum damage  threshold under the Euro protocol to 400 thousand drams from the previous 200 thousand drams effective from September 18 of this year. 

ArmInfo.Premiums in Armenia's insurance market have began to decrease while indemnities are still  increasing at double-digit rates. This trend is starting to impact the companies' profits.  (As ArmInfo analysts note, the transition of insurance companies' financial statements to a new format each time conceals more and more important indicators, making it difficult to analyze the state of the market.  

ArmInfo. In the insurance market  of Armenia, the loss ratio for compulsory motor third-party liability  insurance increased to 79.3% by August 1, 2024 from 64% last year.   This is evidenced by the data of the Bureau of Motor Insurers of  Armenia.

ArmInfo.

ArmInfo.

ArmInfo. In Armenia, consumer prices are falling due to cheaper food products, such as cereals,  flour, meat, butter, fish, bread, cheeses, vegetables and fruits. In parallel, an increase in prices for gasoline, alcohol and cigarettes is recorded. In addition, the prices of services continue to increase, especially the tariffs for personal transport services have risen sharply, by the data of the RA Statistical Committee.

ArmInfo. From April 2024, the policyholders will be required to indicate the number of their bank  account (card or current), or the account of their authorized representative in the CMTPL (Compulsory Motor Third Party Liability) agreement. This is noted in the message of the Motor Insurers' Bureau of Armenia received by ArmInfo.

ArmInfo. The net profit of the insurance sector of Armenia dropped by 33% in 2023, after a 4.5-fold  increase in 2022. "This resulted from higher reimbursement growth of 30% with a modest 17% increase in premiums.

ArmInfo. In case of fulfillment of certain conditions by drivers in Armenia, the amount of fines for the absence of an insurance contract will be reduced 4-fold. At the plenary session on January 16, the National Assembly  of the Republic of Armenia introduced amendments to the Code of Administrative Offenses in the second and final reading.

ArmInfo.By December 1, 2023, the loss ratio for Compulsory Motor Third Party Liability (CMTPL) in  the insurance market of Armenia, increased to 70% from last year's 65%, according to the data from the Motor Insurers' Bureau of Armenia.  An increase in the coefficient began to be noticed in April of this year against the background of the transition to the liberalization of PPP tariffs.

ArmInfo.In Armenia, the procedure for submitting documents to the RA Police on concluding an  agreement on Compulsory Motor Third Party Liability (CMPTL) for fined drivers will be simplified. At the plenary session on December 8, the National Assembly of the Republic of Armenia is discussing amendments  to the Code of Administrative Offenses in the first reading.

ArmInfo. In Armenia, the procedure for submitting documents to the RA Police on concluding an  agreement on Compulsory Motor Third Party Liability for fined drivers will be simplified. At a meeting on December 4, the RA National Assembly Standing Committee on Defense and Security issued a positive  opinion on the draft amendments to the Code of Administrative Offences.

ArmInfo. The loss ratio of motor third-party liability insurance (MTPL insurance) was 68% as of  November 1, 2023, against 64% last year, in the first quarter of 2022, Armenian Motor Insurers Bureau. 

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. In the insurance market of Armenia, the loss ratio for Compulsory Motor Third Party Liability (CMPTL) continues to grow, up to 66% as of October 1, 2023, from last year's 64%, according to the data from the Motor Insurers' Bureau of Armenia.  

ArmInfo.In the insurance market of Armenia, the loss ratio for Compulsory Motor Third Party  Liability (CMPTL) is slowly starting to increase year-on- year, from 63% to 65% by September 1, 2023, noticeably higher than the pre-Covid 69% in Jan-August 2019.

ArmInfo.In the Armenian insurance market, the CMPTL loss ratio has been at the level of 64%  for a year now, which is much lower than 79% in Jan-July 2021 and the  pre-Covid 72% in the same period of 2019.

ArmInfo.