ArmInfo. The growth of vehicles with CMTPL (compulsory motor third party liability policy) resumed in Armenia. And as evidenced by the data of the Bureau of  Motor Insurers of Armenia, their number increased in January-August  2021 by 1% per annum, with an exit from the 2.9% decline a year  earlier, but so far it is much inferior to the pre-covid upward rate  of 13% for the same period in 2019.

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 Armenia, the number of terminated CMTPL contracts continues to grow rapidly - 3.9 -fold in January-May 2021 compared to the same period a year ago, amounting to 19,500. And almost the same - the volume of returned or refundable  premiums increased by 3 times - up to 236.1 million drams ($ 453.4  thousand). This is evidenced by the data of the Bureau of Motor  Insurers of Armenia, according to which, in the reporting period, the  number of vehicles with MTPL policy decreased by 2.3%.

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.

ArmInfo. In Armenia, the growth of CMPTL E-policy sales continues to  slow down in 2021 , to 66.1% in the first quarter from 3.2 times in  the same period in 2020. According to the Armenian Motor Insurers '  Bureau, the number of CMPTL contracts concluded online reached 41,493  in the first quarter of 2021. Their share in the total number of  CMPTL contracts increased in the first quarter of 2021 to 19% from  11% a year earlier.

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.In Armenia, the growth rate of sales of E-CMTPL policies is slowing down - from 3.6-fold in 2019 to 2.2-fold in 2020. According to the Bureau of Motor Insurers  of Armenia, in 2020 the number of CMTPL agreements concluded online  reached 135,452. Their share in the total number of CMTPL agreements  increased from 5% in 2019 to 15% in 2020.

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.

ArmInfo.

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.

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).