Friday, November 15 2019, 16:43
ArmInfo. The total net profit of Armenian insurance companies for 9 months of 2019 compared to the same period a year ago increased 3-fold (against a decline of 77.4% a year earlier), exceeding 1.1 billion drams or $ 2.4 million.
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Friday, November 15 2019, 13:35
ArmInfo. Premiums of Armenian insurance companies increased over the 9 months of 2019 by 18.6% per annum, with an increase in indemnities of 25.5%, against an increase of 25% and 36.5%, respectively, a year earlier.
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Friday, November 1 2019, 20:32
ArmInfo. In January-September 2019, the insurance sector of Armenia paid taxes at
1.211 billion drams or $ 2.5 million, which is 25% lower than the
indicator a year ago. Of this amount, 1.2 billion drams accounted for
direct taxes (including income tax and income tax), with an annual
decline of 14.3%. According to the RA State Revenue Committee,
according to the results of 9 months of 2019, 4 out of 6 insurance
companies operating in the Armenian market were included in the list
of 1000 largest taxpayers of Armenia.
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Thursday, August 22 2019, 20:08
ArmInfo. In the first half of 2019, the insurance sector of Armenia paid taxes at 928.5 million drams, which is 18.2% lower than the indicator a year ago. Of this amount, 246.8 million drams accounted for income tax, which is 38.5% lower than last year. According to the RA State Revenue Committee, according to the results of the first half of 2019, only "Armenia Insurance" IC was not included in the list of 1000 largest taxpayers of Armenia from the functioning 6 insurance companies.
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Thursday, August 1 2019, 17:23
ArmInfo. Premiums of Armenian insurance companies increased in the first half of 2019 by 18.7% per annum, with an increase in indemnities of 16.5%, while a year earlier the rates were higher - 30.6% and 30.1%, respectively.
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Wednesday, July 31 2019, 15:02
ArmInfo.In the first half of 2019, the total net profit of insurance companies of Armenia increased by 71% per annum (against a decline of 65.1% a year earlier), reaching 757.8 million drams or $ 1.6 million. According to the Financial Rating of insurance companies of Armenia prepared by IC ArmInfo, due to higher growth rates of insurance premiums (18.7%), rather than refunds (16.5%), against almost the same high growth and premiums and refunds a year earlier - 30.6% and 30.1% respectively. Only for the II quarter of 2019, the net profit of insurers increased 4 times, against the background of a significant decline in premiums with a meager increase in refunds.
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Wednesday, July 31 2019, 14:35
ArmInfo. The share of retail insurance in the portfolios of premiums of Armenian insurers in the first half of 2019 amounted to 44.1% (11.6 billion drams), corporate - 55.9% (14.7 billion drams), against almost similar figures a year earlier - 44.7% and 55.3%, respectively. According to the data of the Financial Rating of insurance companies of Armenia, prepared by ArmInfo Investment Company, the retail insurance market capacity accelerated annual growth to 18.1% from 6% in the first half of 2018, along with which the growth of corporate insurance slowed significantly from 58.2% to I half of 2018
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Thursday, May 30 2019, 15:00
ArmInfo. Central Bank of Armenia summed up the program "My Finance Month-2019'', held in this year under the slogan ''Find your card in the financial world''. During a press conference convened on May 30 in connection with this event, a member of the CBA Council Armenak Darbinyan noted that the goal of the program is to provide citizens with the necessary skills and knowledge to effectively manage personal finances through informational and interactive activities.
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Friday, May 24 2019, 18:33
ArmInfo. Following the results of the Q1 of 2019, the insurance sector of Armenia paid taxes of 633.9 million drams ($ 1.3 million), which is 11.8% more than a year
ago. Of this amount, 86% or 542.3 million drams were paid on direct
taxes (including income tax and profits tax). According to the RA
State Revenue Committee, all 6 insurance companies operating in the
market were included in the list of the top 1000 taxpayers of Armenia
during the reporting period.
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Tuesday, April 30 2019, 15:48
ArmInfo. The Armenian insurers in the Q1of 2019 reimbursed 5.96 billion drams or $ 12.3 million in different classes (figures are given from the reports of IC portfolios by the standards of the Central Bank of Armenia). In y-o-y terms, reimbursement of insurers increased by 4.3%, against growth of 36.9% a year earlier.
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Monday, April 29 2019, 17:51
ArmInfo. The share of retail insurance in the portfolios of premiums of Armenian insurers in the first quarter of 2019 amounted to 34.2% (5.6 billion drams),
corporate - 65.8% (10.9 billion drams), against 36.8% and 63.2%
respectively a year earlier.
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Monday, April 29 2019, 14:46
ArmInfo. The loss ratio of compulsory motor third party liability insurance (CMTPL) in Armenia increased on average from 62.9% in the first quarter of 2018 to 64.5% in the first quarter of 2019 (without deduction of reserves), and according to the Bureau of Auto Insurers - from 71.1% to 73.7% (after deduction of reserves).
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Thursday, February 14 2019, 17:07
ArmInfo. Following the results of 2018, the insurance sector of Armenia paid taxes of 2.3 billion drams, which is 14.8% less than a year ago. Of this amount,
91.3% or 2.1 billion drams was paid on direct taxes (including income
tax and profit tax). According to the RA State Revenue Committee,
according to the results of 2018, all 6 insurance companies operating
in the market were included in the list of the top 1000 taxpayers in
Armenia.
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Tuesday, February 12 2019, 19:00
ArmInfo. The share of retail insurance in the portfolios of premiums of Armenian insurers by the end of 2018 was 51.8% (21.3 billion drams), corporate - 48.2% (19.7
billion drams).
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Tuesday, February 12 2019, 14:47
ArmInfo. In 2018, the Armenian insurers reimbursed 22.8 billion drams or $ 47.1 million in different classes (figures are from IC portfolio portfolios according to the standards of the Central Bank of Armenia). During the reporting year, reimbursement of insurers increased by 28.4%, against 24.9% growth for 2017. At the same time, the insurance premiums of the Armenian insurance companies recorded an y-o-y growth of 17.4% - up to 41.02 billion drams or $ 84.8 million, against 6.2% growth for 2017.
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Tuesday, February 12 2019, 12:44
ArmInfo. In the insurance market of Armenia, the growth of premiums for 2018 has accelerated, but so far it is inferior to the growth of payments - 17.6% against
25.3%, the same trend was observed in 2017 with more significant gap
- 5.7% against 30.4%.
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Monday, February 11 2019, 18:42
ArmInfo. The total net profit of insurance companies of Armenia for 2018 declined by 67.6% (against a decline of 58% in 2017), making 226.3 million drams or $ 0.5
million the growth of insurance claims from 24.9% to 28.4%, with a
moderate rise in insurance premiums - by 17.4% against 6.2% a year
earlier. On an annualized basis (2018 by 2017), a decrease in profits
was observed in five insurance companies, two of which reduced the
positive indicator by 6.5-54%, and three were at a loss, and one of
them moved down from the positive level, and only Nairi Insurance has
managed to increase profits.
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Monday, February 11 2019, 15:15
ArmInfo. In Armenia, with the process of phased introduction of compulsory health insurance the loss ratio in the general class of medical insurance increased in 2018 on average in the market to 67%, against 55.8% in 2017.
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Thursday, January 24 2019, 17:09
ArmInfo.The report of the State Revenue Committee of Armenia published on January 21 may be misinterpreted and may cause some concerns from customers, partners and the general public, in connection with which the insurance company Nairi Insurance officially announces the continuation of its activities in normal mode.
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Wednesday, January 23 2019, 14:36
ArmInfo. From 2021, a phased introduction of the compulsory health insurance system will begin in Armenia. On this, answering the question of ArmInfo, on January 23,
Healthcare Minister Arsen Torosyan said at a press conference. At the
same time, Torosyan abstained from indicating the period when all
citizens of Armenia will become the beneficiaries of a comprehensive,
as the Minister called, medical insurance system.
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