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).

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.

In Armenia, the growth of health insurance indemnities sharply  accelerated
 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%.

523 contracts signed in Armenia within the framework of a pilot  program for agricultural risk insurance
 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.

Growth in CMTPL and health insurance reimbursements keeps slowing  down 
 Wednesday, February 12 2020, 19:12

ArmInfo. In 2019, the Armenian insurers reimbursed over 25 billion drams or $ 52.1 million for various classes (the figures are given from the reports of insurance  companies portfolios according to the standards of the Central Bank  of the Republic of Armenia).

Y-o-y growth in insurance claims for CMTPL and medical insurance  slows down
 Friday, November 15 2019, 18:13

ArmInfo. For 9 months of 2019,  the Armenian insurers reimbursed 18.2 billion drams or $ 38.2 million  in various classes (the figures are given from the reports of  Insurance Companies portfolios according to the standards of the  Central Bank of the Republic of Armenia). In y-o-y terms,  reimbursements of insurers increased by 9.9%, against growth by 37.9%  a year earlier.

A court in Moscow refused to return to Rosgosstrakh its former  Armenian "daughter"
 Wednesday, August 21 2019, 11:03

ArmInfo.The Tenth Arbitration Court of Appeal, following the lower court, denied the  lawsuit by Rosgosstrakh, which demanded to recognize as invalid the  sale of 100% of the shares of Rosgosstrakh-Armenia, a subsidiary of  the Cypriot company Cimarex Management by the former management,  ''Prime'' reports.

Annual growth in insurance premiums for OSAGO and health insurance is  slowing
 Thursday, August 1 2019, 19:03

ArmInfo. In the first half of 2019, Armenian insurers reimbursed AMD 11.9 billion or $ 24.9 million for different classes (the figures are given from the reports of UK  portfolios according to the standards of the Central Bank of the  Republic of Armenia).

 Tuesday, April 30 2019, 15:48

ArmInfo. The Armenian insurers in the Q1of 2019 reimbursed 5.96 billion drams or $ 12.3 million in different classes (figures are given from the reports of IC  portfolios by the standards of the Central Bank of Armenia). In y-o-y  terms, reimbursement of insurers increased by 4.3%, against growth of  36.9% a year earlier.

Introduction of mandatory component accelerates growth of fees and  payments for health insurance
 Tuesday, February 12 2019, 14:47

ArmInfo. In 2018, the Armenian  insurers reimbursed 22.8 billion drams or $ 47.1 million in different  classes (figures are from IC portfolio portfolios according to the  standards of the Central Bank of Armenia). During the reporting year,  reimbursement of insurers increased by 28.4%, against 24.9% growth  for 2017. At the same time, the insurance premiums of the Armenian  insurance companies recorded an y-o-y growth of 17.4% - up to 41.02  billion drams or $ 84.8 million, against 6.2% growth for 2017.

Growth of health insurance claims has accelerated sharply amid phased  introduction of compulsory health insurance 
 Friday, November 2 2018, 12:13

ArmInfo.. For 9 months of 2018, Armenian insurers reimbursed more than 16.5 billion AMD or $ 34.2 million in different classes (figures are brought from the reports of  Insurance Companies portfolios according to the standards of the  Central Bank of Armenia).

In the first quarter of 2018, insurance claims for OSAGO slowed the annual growth, and for health insurance increased by several times
 Monday, May 14 2018, 16:35

ArmInfo. The Armenian insurers in the first quarter of 2018 reimbursed 5.7 billion drams or $ 11.9 million for various classes (figures are presented from the reports of the portfolios of the CB according to the standards of the Central Bank of Armenia).

The upward trend of insurance claims for "OSAGO" sharply accelerated, and for CASCO significantly slowed down
 Thursday, February 8 2018, 13:48

ArmInfo. Armenian insurance companies reimbursed 17.8 billion drams or $ 36.7 million for various classes in 2017 (figures are presented from reports of SC portfolios according to CBA standards).

According to the results of 9 months of 2017, the upward trend of insurance indemnities for OSAGO turned out to be weightier than for CASCO
 Friday, November 3 2017, 16:20

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%.

Zip-line longest will be opened in Armenia by the end of June
 Friday, June 9 2017, 19:05

ArmInfo. According to preliminary calculations, thanks to the collection of money on the InDiegogo international site, the longest zip-line in the world will be built in the Tavush district,Yenokavan.

In Q1 2017 annual trend of insurance indemnities of OSAGO improved, and for CASCO worsened
 Monday, May 15 2017, 12:28

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.

Ameriabank and Best Card announce issue of AYO-Visa co-branded cards and launch of 20% cashback- program
 Tuesday, December 13 2016, 19:04

ArmInfo. Ameriabank within  strategic development of retail business jointly with Best Card  company launches cashback program for individuals giving them 20%  cashback from non-cash payments, Director Retail Banking of  Ameriabank Arman Barseghyan stated at the joint press conference of  Ameriabank and Best Card on December 13. 

Insurance sector of Armenia increases tax payments by 22.3% year over year to $3.3mln in 9 months of 2016
 Wednesday, November 2 2016, 18:02

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%. 

Insurance sector of Armenia increases tax payments 21.2% year over year
 Monday, August 1 2016, 17:30

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.

Retail insurance market capacity fell 25% amid 27.8% growth of corporate one
 Wednesday, May 4 2016, 18:22

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. 



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