ArmInfo. The own capital of the eight insurance companies of Armenia grew by 38.8% as compared with Oct 1 2010, by 31.4% in Jan-Sept 2011 and by 1.4% in Q3 2011 to 14.7bln AMD or $39.6mln. According to ArmInfo's Ranking of the Insurance Companies of Armenia, as of Oct 1 2011 Rosgosstrakh-Arm

Arminfo. The insurance payments of Armenian insurers grew almost fivefold for a year and reached 5.2 bln drams ($14 mln) as of 1 October 2011. According to the Ranking of Armenian insurance companies prepared by ArmInfo, the insurance company "Rosgosstrakh-Armenia" is the leader on the insur

ArmInfo. Insurance companies of Armenia collected premiums in the amount of 18.677 bln drams ($50.2 mln) with a 4fold growth versus 9 months of 2010. In the structure of insurance charges, the share of corporate insurance totaled 31.6%, with retail insurance making up 68.4%. Leader in terms

ArmInfo. The professional insurance community of Armenia has determined its worthy competitors. As a result of a cross public opinion poll among 22 top managers of 7 insurance companies of Armenia, 2 insurance companies have taken the lead in 10 nominations: INGO Armenia in 7 nominations and R

ArmInfo. The monthly salary of an employee of Armenia's insurance system averaged 255,500 AMD or $611 in Jan-June 2011 - 11.4% less than a year before. Four out of Armenia's eight insurance companies reduced their wages but increased their staffs almost thrice. INGO-Armenia registered th

Arminfo. The net profit of the insurance companies of Armenia for the first half of 2011 amounted to 1.981 bln drams or $5.2 mln. They completed the first half of 2010 with a loss at 38.042 mln drams. Only in the 2Q 2011 the net profit of the insurance companies amounted to 802.9 mln drams,

ArmInfo. Seven Armenian insurance companies collected 14.516 bln drams ($39.3 mln) premiums for the first half of 2011, with corporate insurance totaling 27.4% and retail insurance - 72.6%. Ranking of Armenian Insurance Companies prepared by the Agency of Rating Marketing Information (ArmInf

ArmInfo. The aggregate stockholder equity of the 8 insurance companies of Armenia annually increased by 54.1%, over Jan-June 2011 - by 29.6%, and over Q2 alone - by 5.6%, having totaled 14.5 bln AMD ($39.4 mln). According to the Ranking of Insurance Companies of Armenia by ArmInfo, over Jan-J

Arminfo. The aggregate assets of 8 insurance companies of Armenia grew twofold versus the first half-year 2010, by 17,2% - in the first half of 2011, and dropped by 1,6% in the 2Q, having amounted to 29.5 bln drams ($79.9 mln). The share of the GDP was 2,2% at the end of the period under repor

ArmInfo. The Motor Third Party Liability Insurance (OSAGO) suffered a 48% loss for the 8 months of 2011, Vahan Avetisyan, Executive Director of the Bureau of Motor Insurers of Armenia self-regulating organization, said in the Armenian National Assembly, Monday. The remaining 52% were administrat

Arminfo. The compensation payments of Armenian insurers grew by 22,5% up to 2,8 bln drams for August. According to the results of 8 months of the current year, the size of the forthcoming payments amounted to 1.014 bln drams, which is by 22% more than in July. According to the "Bureau of ins

ArmInfo. The assets of Armenian insurance companies have grow almost twofold and amounted to 32.030 bln drams by the end of the 1Q 2011. In the 1Q 2011 the insurance companies increased their assets by 32,3%. According to the Ranking of Armenian insurance companies prepared by Arminfo, among

Arminfo. Nine Armenian insurance companies collected 12.787 bln drams ($34.6 mln) of premiums for 1Q 2011. The share of corporative insurance in the structure of insurance collections was 23,2% or 2.9 bln drams, and of the retail one - 76,8% or 9.8 bln drams. According to the Ranking of insu

ArmInfo. Over the first half of 2011 the Armenian insurers made 1.9 bln AMD motor third party liability insurance (MTPL) payments. According to the statistics published on the official website of Motor Insurers' Bureau of Armenia, the insurance companies of Armenia satisfied 9574 applications on

ArmInfo. Over the first half of 2011 the Armenian insurers made 1.9 bln AMD motor third party liability insurance (MTPL) payments. According to the statistics published on the official website of Motor Insurers' Bureau of Armenia, the insurance companies of Armenia satisfied 9574 applications on

ArmInfo’s interview with Chairman Gevorg Bosnoyan, Chairman of the Association of Participants in the Mortgage Market of Armenia Mr. Bosnoyan, the Association has recently presented a new mortgage product that should help our citizens settle the problem with lack of money for mortgage prepa

ArmInfo. Interview with Hayk Baghramyan, Executive Director of Sil Insurance Company Mr. Baghramyan, all our insurers explain growth of CASCO contracts with introduction of compulsory insurance in the country. Your company forecasted 30%-40% growth of CASCO premiums. Did your expectations c

ArmInfo. Since the introduction of the motor third party liability insurance in Armenia on Jan 1 2011 the local insurance companies have registered 567 road accidents, Executive Director of the Bureau of Auto Insurers of Armenia Vahan Avetisyan said in an interview to ArmInfo. He said that

ArmInfo. Commissions on card transactions in Armenia in 2011 will reduce by 25%, Head of Plastic Cards Department of Armeconombank Vardan Yeghiazaryan told ArmInfo. He added that ArCa payment system has recently offered the banks to reduce commissions on card transactions. He thinks the Ar

ArmInfo. Over Jan-Sep 2010 the average monthly salary of the Armenian insurance system employees was 209 thsd AMD ($578), the annual decline being 11% due to reduction of this index in 6 out of 10 insurance companies. The biggest annual decline of the average monthly salary was registered in IS