ArmInfo.

ArmInfo.The CMPTL loss ratio in Armenia decreased from 79% to 66% in 2022, being even lower than the pre-Covid 74% in 2019. This was due to an increase in the number  of concluded contracts by 16.1% year on year, as a result of which  insurance premiums rose by 15.6% to $67.3 million, while  claims  simultaneously decreased by 4.6% to $39.8 million, according to the  data of  Armenian Motor Insurers'  Bureau .

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.

ArmInfo. The share of the corporate component continues to prevail over the retail one in the premium portfolios of Armenian insurers in H1 2022, - 58.2% (19.7  billion drams) against 41.8% (14.1 billion drams), which is very  close to the data of a year ago - 57% against 43% respectively.  

ArmInfo.The total net profit of insurance companies (ICs) in Armenia for H1 2022 reached 2.3 billion drams ($5.6 million), with a y-o-y  19-multifold increase, with a  quarterly decline of 13.1%, against a y-o-y decline of 2-fold and a  quarterly increase of 2.5-fold in comparable periods in 2021. 

ArmInfo.. "Rossgostrakh Armenia" IC continues to lead in terms of net insurance premiums and net insurance claims. According to the data of the Financial Rating of  Insurance Companies of Armenia as of June 30, 2022, prepared by  ArmInfo, following the results of the first half of the year, the net  insurance premiums of "Rossgostrakh Armenia" IC exceeded 5.9 billion  drams ($14.6 million), and net insurance claims - 3.8 billion drams  ($9.4 million), with a y-o-y growth of the net insurance premiums by  11.3%, while the net insurance claims declined by 7.3%.

ArmInfo.

ArmInfo. The share of the corporate component in the premium portfolios of Armenian insurers in Q1 2022 exceeds the retail component - 65.5% (13.3 billion drams) and 34.5% (7 billion drams), almost repeating the figures of a year ago - 64.9%  and 35 .1% respectively.  

ArmInfo. "Rossgostrakh Armenia IC " holds the lead in net insurance premiums, while continuing to lead in net insurance claims as well. This is evidenced by the data of the  Financial Rating of Insurance Companies of Armenia as of March 31,  2022, prepared by ArmInfo IC, based on the results of the first  quarter.

ArmInfo. The total profit of insurance companies (ICs) of Armenia for Q1 2022 exceeded 1.2 billion drams (over $2.5 million), with a 4-4.4-fold climb in terms of y-o-y  and quarterly  (against a 2.2-2.5-fold decline in the comparable  periods of 2021).

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.The profit of the insurance sector of Armenia decreased by 79.2% in 2021 - to 849.4 million drams ($1.8 million), while for  Q4 alone it decreased by  60.1%.  

ArmInfo. Last year, Armenia's insurance sector paid taxes totaling AMD 2.6bln - up by a 36.8% as compared with 2020. Direct taxes totaled AMD 2.2bln or 87.7% of the  total amount. 

ArmInfo. The insurance sector of Armenia in January- September 2021 paid taxes for 2.1 billion drams ($ 4.3 million), which is 31.3% higher than a year ago  (against 33.3% growth a year earlier). Of this amount, 1.8 billion  drams fell on direct taxes, with a y-o-y growth of 28.6% (against  16.7% growth a year earlier).

ArmInfo.In the premium portfolios of Armenian insurers in the first half of 2021, the  corporate component continues to prevail over the retail one - 57%  (15.1 billion drams) and 43% (11.4 billion drams), almost repeating  the indicators of a year ago - 56.2% and 43.8% respectively.  According to the Financial Rating of Insurance Companies of Armenia,  prepared by ArmInfo IC, the annual dynamics of the absolute values of  both indicators changed from the 7.4-8.5% decline by 10.9-7.6%  growth.

ArmInfo. The attempt of the Armenian insurance sector to get out of the loss for profit in Q2 2021 was crowned with success, but the received amount of 94 million drams ($ 189 thousand) was insufficient to zero out the six-month loss. According to the Financial Rating of insurance companies in Armenia, prepared by ArmInfo IC, the total loss of 6 insurance companies for H1 2021 was amounted to 130.6 million drams (over $ 263.4 thousand), with a 2-fold y-o-y drawdown (from plus to minus level), with a quarterly 2.5-fold growth (reaching the plus level).

ArmInfo.

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. According to the results of the first quarter of 2021, 5 insurance companies out of 6 operating in the country were included in the list of 1000 large  taxpayers in Armenia, as in the previous year.