Wednesday, May 4 2016, 16:49
ArmInfo. In Q1 2016, the Armenian insurers paid a total of 3.7 bln drams or $7.6 mln indemnities on various insurance lines (based on reports of insurance companies' portfolios on the Central Bank standards). The year-on-year growth of the insurance indemnities totaled 13.4%. The insurance premiums increased only 1.7% y-o-y to 9.6bln drams or $19.9mln. According to ArmInfo's Ranking of Insurance Companies of Armenia, Rosgosstrakh-Armenia Insurance Company and Sil Insurance Company were the leaders by the y-o-y growth of indemnities - 27.2% and 24.5%. Armenia Insurance was the only company to see downward trends of indemnities- 3.6% decline y-o-y. Financial risk insurance indemnities increased 12-fold y-o-y, overland transport liability insurance indemnities increased 81.1% y-o-y, and property insurance indemnities increased 60.7% (insurance against fire, natural calamities 54.1% and other damage - 2.7-fold).
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Tuesday, May 3 2016, 18:36
ArmInfo.Insurance sector of Armenia paid 499.02 mln drams of taxes in Q1 2016, which is 9% more than last year's indicator. From this sum 463.9 mln drams were indirect taxes (profit and income taxes), which is by 6% more than last year's indicator. Rosgosstrakh-Armenia and INGO Armenia insurance companies ensure almost 60% share of tax payments by the insurance companies.
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Monday, May 2 2016, 16:37
ArmInfo. In Q1 2016, the net profit of Armenian insurance companies amounted to 1.3 bln AMD or $2.7 mln, with a 2.1-fold growth versus Q1 2015. Rosgosstrakh-Armenia was in the lead in terms of net profit in Q1 2016 (2.5-fold rise versus Q1 2015). Nairi Insurance was the second with 235.4 mln AMD (up 42.1%). INGO Armenia was the third with 203.2 mln AMD (36-fold growth, rise from the negative level to a positive one).
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Friday, March 4 2016, 15:26
ArmInfo. A system of independent registration of MTPL insurance events below 50,000 AMD by drivers comes into effect today, on March 4 2016. The Bureau of Motor Insurers told ArmInfo, the new process implies a facilitated and prompt mechanism of indemnity payment by an insurance company. Along with this, the Bureau has updated the procedure of contractual relations with expert organizations for insurance events below 50,000 AMD: the terms of repeated examinations have been reduced to 3 working days and the payment for the examination was reduced to 5,000 AMD. A repeated examination looks to protect the rights of the MTPL insurance event affected party. It is conducted in the cases when the aggrieved persons disputes the examination result of their insurance company concerning the guilty and/or damage level.
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Monday, February 22 2016, 21:23
ArmInfo. Armenia's insurance market saw a record-breaking net profits for the last five years - 2.5bln drams ($5.2mln) in 2015, with a 71% year-on-year profits.
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Thursday, February 18 2016, 14:26
ArmInfo. From now on, a MTPL insurance event below 50,000 AMD can be settled upon mutual consent of drivers without calling an insurance officer. Arthur Javadyan, the head of the Armenian Central Bank, made such a suggestion at the Government on February 18. He said drivers can just inform their insurers of the road accident, sign a joint manifesto and enclose photos of the accident to it and send it to the insurance company.
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Friday, January 29 2016, 18:38
ArmInfo. Insurance sector of Armenia paid 1,775bln drams in 2015, which is 10.3% less than a year ago, of which 1.685bln drams was profit and income taxes.
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Tuesday, November 10 2015, 14:42
ArmInfo. Rosgosstrakh Armenia Insurance Company made over 1 million motor third party liability (MTPL) policies by October 1, 2015. It is the only insurance company in Armenia to make its one-millionth MTPL policy. According to Rosgosstrakh Armenia press- office, this fact speaks of the high level of consumer trust that company has been enjoying during the five years of its operation in the country.
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Friday, March 13 2015, 19:34
ArmInfo. The accumulated profits of the Armenian insurance companies totaled 1.834bln drams in 2014 versus 331.8 bln drams in 2013, with a 5.5-fold growth year over year. The accumulated profits of the Armenian insurance companies for Q4 2015 fell 5.5%. According to the Ranking of the Armenian
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Wednesday, December 24 2014, 19:38
ArmInfo. In Jan-Sept 2014 the aggregate compensation of Armenia's insurance companies grew by 36.9% to 18bln AMD.
The premiums during the same period dropped by 16% to 22.8bln AMD.
According to ArmInfo's Ranking of Insurance Companies of Armenia, three companies registered growth in compe
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Monday, June 16 2014, 10:04
ArmInfo. Armenian insurance companies (except Garant Insurance Company that is undergoing a merger with Rosgosstrakh Armenia Company) sold 330634 policies for Q1 2014 - 34.6% or by 85,975 policies more than in Q3 2014. As of April 1 2014, the number of insurance policies totaled 639977 with a 1
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Friday, June 13 2014, 17:59
ArmInfo. In Q1 2014 the accumulated profit of 7 insurance companies of Armenia grew almost 4-fold to 1.453 bln AMD by 1 April 2014 (43% year over year decline). In the structure of accumulated profit, the net profit demonstrated a similar quarterly growth (more than 3-fold year over year growth
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Tuesday, April 29 2014, 20:01
ArmInfo. 6 Armenian insurance companies found themselves among the top 1000 taxpayers of Armenia in Q1 2014. Rosgosstrakh-Armenia was ranked the 152nd. It transferred 173 mln AMD to the state budget (including 165.2 mln AMD in profit and income taxes).
According to the State Revenue Committe
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Thursday, March 13 2014, 19:07
ArmInfo. In 2011-2013 the contributions of Armenia's insurance companies grew by 2.4 times to 19.7bln AMD, while the premiums grew by 60%. In 2013 alone the contributions grew by 36%. Before the adoption of obligatory motor insurance, the contributions averaged 2bln AMD a year.
According to t
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Tuesday, November 12 2013, 14:05
ArmInfo. Insurance Market of Armenia suffered 191 million drams net loss for Q3 2013. According to the Insurance Ranking of ArmInfo, insurers completed the Q2 of 2013 with 472 million drams net loss.
According to the Ranking, only 4 companies received net profits for the quarter under review.
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Friday, June 7 2013, 20:23
ArmInfo. Rosgosstrakh-Armenia insurance company said yesterday it had asked a team of independent expert to assess the amount of damage caused to 36 cars when the roof of VIP-hall of Yerevan Zvartnots airport was blown off by a strong wind falling on the parking lot on 6 June.
Zvartnots airpo
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Friday, June 7 2013, 20:23
ArmInfo. Rosgosstrakh-Armenia insurance company said yesterday it had asked a team of independent expert to assess the amount of damage caused to 36 cars when the roof of VIP-hall of Yerevan Zvartnots airport was blown off by a strong wind falling on the parking lot on 6 June.
Zvartnots airpo
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Thursday, February 28 2013, 20:19
ArmInfo. Moody International's audit in Feb 2013 has confirmed Rosgosstrakh-Armenia's compliance with international standards.
The press service of Rosgosstrakh-Armenia reports that the auditors have checked up the quality of the company's property and life insurance and reinsurance services
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Thursday, February 28 2013, 20:19
ArmInfo. Moody International's audit in Feb 2013 has confirmed Rosgosstrakh-Armenia's compliance with international standards.
The press service of Rosgosstrakh-Armenia reports that the auditors have checked up the quality of the company's property and life insurance and reinsurance services
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Monday, September 24 2012, 16:47
ArmInfo. In Jan-June 2012 the seven Armenian insurance companies paid 5.967bln AMD or $14.3mln in compensation - twice as much as in Jan-June 2011.
The leader is Rosgosstrakh-Armenia, with 1.7bln AMD paid.
70% of the payments or 4.1bln AMD was obligatory motor insurance - twice as much as
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