Wednesday, October 30 2019, 21:41
ArmInfo.The introduction of agricultural insurance in Armenia will definitely have a positive impact on the dynamics of agricultural lending by banks. This opinion
was expressed on October 30 during a press conference by the chairman
of the Union of Banks of Armenia, chairman of the IDBank Board Mher
Abrahamyan, answering a question from ArmInfo.
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Thursday, October 24 2019, 18:50
ArmInfo.On October 24, the Armenian government approved the procedure for subsidizing insurance payments within the framework of the pilot agricultural risk
insurance program.
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Monday, September 30 2019, 15:35
ArmInfo. The agricultural insurance process starts in Armenia. Prime Minister of Armenia Nikol Pashinyan announced on his Facebook page .
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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, 12:56
ArmInfo. The premiums of Armenian insurance companies increased by 17.6% per annum in the first quarter of 2019, with a rise in refunds of 11.9%, while the year before the rates were higher - 47.9% and 26% respectively. In the first quarter of 2019 alone, premiums increased by 59.8%, with a drop in payments of 6.8%, against premium growth of 36.1% and a fall in refunds of 22.2% in the first quarter of 2018. By April 1, 2019, the cumulative amount of insurance premiums was 16.3 billion drams, and the amount of insurance claims was 6.1 billion drams (figures are from IC reports on IFRS standards).
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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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Saturday, January 19 2019, 16:27
ArmInfo.The MTPL unprofitability ratio increased in 2018 from 65% to 72.5%. This is
evidenced by the data of the Armenian Motor Insurers' Bureau.
According to the Bureau, as of January 1, 2019, there are 508297
vehicles in Armenia with MTPL contract, with a y-o-y increase of
10459 units or 2.1%, against an increase of a year ago by 29710 units
or 6.4%. Of the total number of vehicles with MTPL-contract, 25.23%
covers Rosgosstrakh Armenia, 23.44% - Nairi Insurance, 22.34% - INGO
Armenia, 12.29% - Sil Insurance, 8.53% - Armenia Insurance and 8.17%
- RESO.
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Thursday, December 20 2018, 17:47
ArmInfo. In January-September 2018, the insurance sector of Armenia paid taxes of 1.6 billion drams or $ 3.4 million, which is 23.8% less than a year ago. Of this amount, 1.4 billion drams are direct taxes (including income tax and tax on profit), with a y-o-y decline of 26.3%. According to the State Revenue Committee of the Republic of Armenia, according to the results of 9 months of 2018, all 6 insurance companies operating in the Armenian market were included on the list of the top 1000 taxpayers of Armenia.
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