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. In Armenia, the number of vehicles with CMTPL policy is gradually recovering its growth rates, allowing the increase in fees to gain momentum. Thus,  according to the Bureau of Motor Insurers of Armenia, their number  increased by 9.6% per annum in 2021, with an exit from the 12.4%  decline in 2020, but so far is much inferior to the pre-Covid  ascending 18.5% in 2019.

ArmInfo. The number of vehicles with a compulsory motor third party liability insurance (CMPTL) policy in Armenia is gradually recovering its growth rates,  which allows the growth of fees to gain momentum.

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. The ARMENAL plant was visited by a delegation of INGO Armenia insurance company, the leader of the Armenian market, and representatives of its parent  organization INGOSSTRAKH, which is one of the top three Russian  insurers, headed by a member of the Board of Directors Alexei  Sokolov. This is stated in the message of the press service.

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. In Armenia, health insurance fees approached stagnation in the first quarter of 2021, narrowing the annual growth rate from 8.2% to 1.1%, to a volume of  7.4 billion drams ($13.8 million).

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.

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).

ArmInfo.At the end of 2020, premiums in the insurance market of Armenia turned their annual dynamics from 19.1% growth to 2.6% decline, which was also observed  along the trend of indemnities - from 17% growth to 13.2% decline. 

ArmInfo.The total net profit of insurance companies in Armenia for 2020 jumped 4.6 times (against a growth of 6.4 times in 2019), exceeding 4.4 billion drams or $ 8.5  million. According to the Financial Rating of Armenian insurance  companies prepared by ArmInfo IC, this was observed against the  background of deterioration of the annual dynamics of both premiums  and reimbursements, the former being less significant than the  latter.

ArmInfo. In 2020, the shares of retail and corporate components in premium portfolios of Armenian insurers almost equalized - 50.3% (22.4 billion drams) and 49.7%  (22.1 billion drams), against 52.8% and 47.2%, respectively. earlier.  According to the Financial Rating of Insurance Companies in Armenia,  prepared by ArmInfo IC, the retail insurance market capacity dropped  by 13.6% from 22.1% growth a year earlier, along with which the  dynamics of corporate insurance worsened - from 17.3% to 4.5%  decline.

ArmInfo.The list of 1000 largest taxpayers in Armenia at the end of 2020 included 5 insurance companies out of 6 operating in the country, while a year earlier  there were only 3 in this list.

ArmInfo.According to the results of 9 months of 2020, the corporate component dominates in the premium portfolios of Armenian insurers - 50.9% (AMD 17.2 billion),  while the retail component accounts for 49.1% (AMD 16.6 billion),  against 49.7% and 50, 3% respectively a year earlier.

ArmInfo. The total net profit of insurance companies in Armenia for 9 months of 2020 jumped 3.6 times against the same period last year (against 3 times growth a  year earlier), exceeding 4 billion drams ($ 8.2 million).

ArmInfo.The insurance sector of Armenia in January-September 2020 paid taxes for 1.6 billion drams ($ 3.2 million), which is 33.3% higher than a year ago (against a 25%  decline a year earlier). Of this amount, 1.4 billion drams fell on  direct taxes, with an annual growth of 16.7% (against a 14.3% decline  a year earlier).

ArmInfo.According to the results of the first half of 2020, the corporate component dominates in the premium portfolios of Armenian insurers - 56.2% (13.7 billion drams), while the retail component accounts for 43.8% (10.6 billion drams), against 55.9% and 44, 1% respectively a year earlier.

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.