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. In the first quarter of 2022, the Armenian insurance sector's tax payment a total of AMD 667.7mln - a 35.3% year-on-year increase. Of this amount, direct  taxes totaled AMD 574.2mln (85.9%) - a 37% year-on-year increase. 

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. In Armenia, the online purchase of a Compulsory Motor Third Party Liability (CMTPL)  insurance is rapidly gaining popularity. According to the data of the  Car Insurance Bureau of Armenia, in the first quarter of 2020, the  number of CMTPL agreements signed in online mode reached 24,975, an  increase of 3.2-fold year on year, which increased their share in the  total number of CMTPL agreements from 3% to 11%.  

ArmInfo. In January-September 2019, the insurance sector of Armenia paid taxes at  1.211 billion drams or $ 2.5 million, which is 25% lower than the  indicator a year ago. Of this amount, 1.2 billion drams accounted for  direct taxes (including income tax and income tax), with an annual  decline of 14.3%. According to the RA State Revenue Committee,  according to the results of 9 months of 2019, 4 out of 6 insurance  companies operating in the Armenian market were included in the list  of 1000 largest taxpayers of Armenia.

ArmInfo. The share of retail insurance in the portfolios of premiums of Armenian insurers in the first quarter of 2019 amounted to 34.2% (5.6 billion drams),  corporate - 65.8% (10.9 billion drams), against 36.8% and 63.2%  respectively a year earlier.

ArmInfo. Following the results of 2018, the insurance sector of Armenia paid taxes of 2.3 billion drams, which is 14.8% less than a year ago. Of this amount,  91.3% or 2.1 billion drams was paid on direct taxes (including income  tax and profit tax). According to the RA State Revenue Committee,  according to the results of 2018, all 6 insurance companies operating  in the market were included in the list of the top 1000 taxpayers in  Armenia.

ArmInfo. In the insurance market of Armenia, the growth of premiums for 2018 has accelerated, but so far it is inferior to the growth of payments - 17.6% against  25.3%, the same trend was observed in 2017 with more significant gap  - 5.7% against 30.4%.

ArmInfo.VTB Bank (Armenia) together with the insurance company RESO, on the eve of the New Year holidays, has developed a new insurance product, Safe Rest, for  travel lovers.

ArmInfo. The share of retail insurance in the portfolios of premiums of Armenian insurers in the first 9 months of 2018 was 49.7% (15.2 billion AMD), corporate  insurance share was 50.3% (15.4 billion AMD), versus 57.1% and 42.9%   respectively a year earlier.

ArmInfo. The insurance sector of Armenia paid taxes for 1.1 billion drams in the first half of 2018, which is lower by 26.7% than a year ago. Of this amount, 995.5  million drams fell on direct taxes (including income tax and income  tax), which is 28.9% higher than last year's figure. According to the  RA State Revenue Committee, in the list of 1000 largest taxpayers in  Armenia, according to the results of the first half of 2018, all 6  insurance companies operating on the market were included.

ArmInfo. The insurance sector of Armenia paid 2.652 billion AMD in taxes in 2017, which is 26.8% more than a year ago. Of this amount, over 91.4% or 2.425 billion AMD was paid under direct taxes (including income tax and income tax). According to the RA State Revenue Committee, in the list of 1000 largest taxpayers of Armenia, in the result of 2017, all 6 insurance companies operating on the market were included.

ArmInfo. Armenian insurance companies refunded 11.98 billion drams for the 9 months of 2017 or $ 25.1 million for the various classes (figures are presented from the reports of the portfolios of the CB according to the standards of the Central Bank of Armenia). On an annual basis, insurers' reimbursements increased by 19.3%, against growth of 4.8% a year earlier. At the same time, the Armenian insurance premiums recorded an annual growth of 3.8% - up to 24.6 billion AMD or $ 51.3 million, against growth of 0.3% a year earlier. According to the Ranking of Insurance Companies of Armenia, prepared by IA ArmInfo, five companies provided annual growth of payments, the largest in RESO insurance companies - by 61.8% and Nairi Insurance - by 52.4%, and the only annual decline was fixed from Rosgosstrakh Armenia Insurance Company - by 0.6%.

ArmInfo. The Central Bank of  Armenia issued a license to RESO Insurance Company for two new  classes - aviation insurance and liability from its use. As the press  service of the Central Bank of Armenia told ArmInfo, the decision was  made on August 4 at a meeting of the Council of the Central Bank.

ArmInfo. The insurance sector  of Armenia paid 1.5 billion drams in the first half of 2017,  exceeding the figure of the previous year by 36.4%. Of this amount,  1.4 billion drams fell on direct taxes (including income tax and  income tax), which is 40% higher than last year's figure. According  to the RA State Revenue Committee, in the list of 1000 largest  taxpayers of Armenia, according to the results of the first half of  2017, all 6 insurance companies operating on the market were  included.

ArmInfo. Armenian insurers in Q1  2017 compensated 4.2 billion AMD or $ 8.6 million for various classes  (figures are given from the reports of the portfolios of the IC  according to ACB standards). On an annual basis, insurers' refunds  increased by 13.8%, versus growth for 13.4% a year ago.

ArmInfo. Armenia's insurance sector paid 1.6bln drams taxes or $3.3 mln for 9 months of 2016 with a 22.3% year over year growth.  Direct taxes  (including profit and incomes taxes) accounted for 1.5bln drams of total, which is 21% more than a year ago. Among insurance companies Rosgosstrakh-Armenia Insurance Company and INGO Armenia Insurance Company ensure almost 60% of payments to the state budget. The share of insurance companies in total payments of 1000 top taxpayers made 0.3%. 

ArmInfo. Armenia's insurance sector paid 1.1bln drams taxes for the 1st half of 2016 with a 21.2% year over year. Direct taxes  (including profit and incomes taxes) accounted for 1bln drams of total, which is 20.3% more than a year ago. According to the State Revenue Committee, all the 6 insurance companies are among Top 1,000 largest taxpayers of Armenia for the 1st half of 2016.

ArmInfo. VTB Bank (Armenia) and RESO insurance company offer new terms for acquisition of 4 types of insurance products (motor third party liability insurance (MTPL) MTPL, MTPL+, health insurance, property insurance), which have been 
prepared for the customers of VTB Bank (Armenia), who make use of RESO's services.    

ArmInfo. Retail insurance accounted for 54% (5.2bln drams) of total premiums of the Armenian insurance companies for Q1 2016. Corporate insurance accounted for 46% (4.4bln drams) of total. Retail insurance market capacity fell from 19.7% to 25%, as corporate insurance increased from 12.9% to 27.8%. Before introduction of MTPL insurance and compulsory medial insurance of the staffs of the state-run enterprises in Armenia, the share of corporate insurance was prevailing over the retail one significantly.