ArmInfo. Based on the results of 2016, the share of retail insurance in premium portfolios of Armenian insurers formed 57% (AMD 18,8 bln), and the corporate insurance share made 43% (AMD14,1 bln).

ArmInfo. In 2016, the Armenian insurance companies' indemnities totaled 14.2 bln AMD or $29.4 mln (the figures are taken from the insurance companies' reports in accordance with CB standards). In 2016, the insurance companies' indemnities grew by 4.9% (versus 38.4% decline in 2015).  The insurance premiums of the companies rose by 5% to 32.9 bln AMD or $68 mln (versus 4.3% growth in 2015).

ArmInfo. Armenian insurance companies premiums in 2016 grew up for 6,8%, within the indemnities drop down for 13,7%. By January 1, 2017 the  aggregate volume of insurance premiums formed AMD 32.2. bln, and the amount of insurance indemnities stands at AMD 14.1 point ( the figures are picked from the Insurance Companies reports due to IFRS standards).

ArmInfo. In 216, the net profit of Armenian insurance companies grew by 34% (versus 71% rise a year before) to 3.6 bln AMD or $7.3 mln.

ArmInfo. On February 9,  Armenia's Central Bank Co-Chairman Arthur Javadyan and President of  Bimeh Markazi Iran (central insurance of Iran) Abdolnasser Hemmati  signed memorandum on cooperation in Yerevan. As the CB press-service  told ArmInfo, the document was signed during the visit to CB Armenia  by the Iranian delegation, represented by the Directors of Iran's  leading insurance companies. 

ArmInfo. In 2016, the  insurance sector of Armenia paid 2.091 bln AMD in taxes, 17.8% more  than in 2015. 1.951 bln AMD of this amount was paid in profit and  income taxes. The Armenian State Revenue Committee reports that all  the 6 insurance companies on the Armenian market are on the list of  the top 1000 taxpayers of Armenia. 

ArmInfo. According to results  of the study conducted by Gallup International, Rosgosstrakh Armenia  is recognized as  the best insurance  company in  Armenia.According  to the information shared with ArmInfo in the press office of the  company, this is the third study conducted in Armenia, and it is  already the third year that Rosgosstrakh Armenia gets the highest  balls from consumers in Yerevan and in Districts. 

ArmInfo. The lump-sum benefit provision rules will come into effect under the bonus/malus system on 12 Dec 2016 by minimizing 4 malus classes. The rules apply to the motor third party liability (MTPL) insurance contracts concluded after December 12. The Board of the Central Bank of Armenia (CBA) has already registered the relevant decision of the Armenian Motor Insurers' Bureau.   

ArmInfo.

ArmInfo. In Jan-Sept 2016, the  share of retail insurance in the premiums of Armenian insurance  companies made up 57.3% (13.6 bln AMD), and the share of corporate  insurance was 42.7% (10.1 bln AMD). Retail insurance declined by 0.2%  amid 0.9% growth in corporate insurance. Before introduction of motor  third party liability insurance (MTPL) and compulsory individual  health insurance of state workers, the share of corporate insurance  considerably prevailed over the retail one.

ArmInfo. In Jan-Sep 2016, the net profit of Armenian insurance companies amounted to 3.9 bln AMD or $8.2 mln, with a 62.7% growth versus Jan-Sep 2015. In Q3 alone, the net profit of insurance companies totaled 1.3 bln AMD, or $2.7 mln, with a 3% decline versus Q2 due to 5-28% decrease in profits of three companies amid 1-45% increase in the remaining three companies.

ArmInfo.

ArmInfo. The premiums of the Armenian insurance companies grew by 2.6% y-o-y in 9 months of 2016, while the payouts increased by 2.4%. By 1 October 2016, the aggregate amount of insurance premiums made up 23.2 bln AMD, with the amount of payouts exceeding 9.8 bln AMD (the figures are taken from the insurance companies' reports according to IFRS standards).

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. Retail insurance accounted for 56% (9.03bln drams) of total premium portfolios for the first half of 2016, with corporate insurance accounting for 44% (7.1bln drams) of total.   At the same time, the retail insurance market capacity suffered a 3.9% y-o-y decline (from 6.5%), as corporate insurance growth slackened dramatically to 7.3% from 18%. Before MTPL and compulsory individual medical insurance for government-funded employees were introduced in Armenia, corporate insurance prevailed over the retail one significantly. 

ArmInfo. In Jan-June 2016, the payouts of the Armenian insurance companies amounted to 6.8 bln AMD, or $14.3 mln (the figures are taken from the insurance companies' reports by the Armenian Central Bank's standards). As compared to Jan-June 2015, the payouts grew by 7.8%. In the meantime, premiums of the insurance companies grew by 0.7% to 16.1 bln AMD, or $33.8 mln. According to the Ranking of Armenian Insurance Companies by the Agency of Rating Marketing Information (ArmInfo), four companies demonstrated year-over-year growth, with the most tangible growth registered by SIL Insurance - 20.8% and Rosgosstrakh Armenia - 17.3%, while INGO Armenia and Armenia Insurance experiencing year-over-year decline - 8% and 3.7%, respectively.

ArmInfo.  In Jan-June 2016, the premiums of the Armenian insurance companies grew by 4.2% versus Jan-June 2015, while the payouts increased by 0.7% only. By 1 July 2016, the aggregate amount of insurance premiums made up 15.8 bln AMD, with the amount of payouts exceeding 6.2 bln AMD (the figures are taken from the insurance companies' reports according to IFRS standards). According to the Ranking of Armenian Insurance Companies by the Agency of Rating Marketing Information (ArmInfo), in Jan-June 2016, the net profit of the insurance system totaled 2.6 bln AMD (up 74% versus Jan-June 2015). Two out of the six insurance companies in Armenia decreased the premiums, with 4 companies demonstrating decline in payouts. According to the insurance companies' reports by the Armenian Central Bank's standards, the insurance premiums amounted to 16.1 bln AMD (up 0.7% versus Jan-June 2015), while the payouts totaled 6.8 bln AMD (up 7.8% versus Jan-June 2015).

ArmInfo. In Jan-June 2016, the net profit of Armenian insurance companies amounted to 2.6 bln AMD or $5.5 mln, with a 74% growth versus Jan-June 2015. In Q2 alone, the net profit of insurance companies totaled 1.3 bln AMD, or $2.8 mln, with a 0.5% growth versus Q1 due to 42-58% increase in three companies amid 4-53% decrease in the remaining three companies. 

ArmInfo. From now on it is possible to sign a "Family" contract of casualty insurance of Rosgosstrakh Armenia at VTB Bank (Armenia). 

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.