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.

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.

ArmInfo.Starting from February-March 2019 in the Ararat and Armavir regions of Armenia, a  pilot program on agro-insurance will start, which will cost the state  treasury 360 million drams. The possibility of testing the program in  the Shirak region of the republic is also discussed. On November 29,  answering the question of ArmInfo, this was reported by the Acting  Minister of Agriculture of Armenia Gegham Gevorgyan.

ArmInfo.. For 9 months of 2018, Armenian insurers reimbursed more than 16.5 billion AMD or $ 34.2 million in different classes (figures are brought from the reports of  Insurance Companies portfolios according to the standards of the  Central Bank of Armenia).

ArmInfo. The premiums of Armenian insurance companies for the third quarter of 2018 improved the dynamics with a recovery of 5.8% from the 43.5% decline (against  1.8% growth in the third quarter of 2017), with a similar picture of  refunds - from a 7.3% decline by 26.7% growth (against 11.5% growth  in the third quarter of 2017).

ArmInfo. Up to this day no memorandums with insurance companies about the start of the program agricultural insurance in Armenia have been signed, member of the  Agricultural Alliance and Advisor to the Executive Director of "Nairi  Insurance" IC Artak Martirosyan said, recalling the report previously  published by the Ministry of Agriculture that the sale of insurance  policies of agricultural risks in Armenia may begin at the end of  2018 or early 2019.

ArmInfo.  To develop compulsory  health insurance in Armenia, it is necessary to put an end to  informal agreements between insurers and medical institutions,  Healthcare Minister Arsen Torosyan stated at a meeting with  representatives of local insurance companies.

ArmInfo.In the first half of 2018 as compared with the same period of 2017 Armenia's insurance companies registered a 30,6% growth in premiums amid 30,1% growth in  compensation. A year earlier premiums demonstrated only 4,7% growth  amid 30,5% growth of compensaitons. In Q2 alone, the dynamics of  premiums deteriorated to 43,5% decline versus 36,1% growth in Q1 amid  sharp slackening of compensations decline to 7,3% from 22,2% in Q1,  amid 22,8% decline and 10,2% decline in Q2 2017 respectively.  

ArmInfo. The share of retail  insurance in the portfolios of premiums of Armenian insurers for the  first half of 2018 was 44.7% (9.8 billion drams), corporate insurance  - 55.3% (12.2 billion drams). At the same time, year-over-year growth  of retail insurance accelerated from 2.7% to 6%, while the  acceleration rate of corporate insurance growth increased sharply  from 8.5% to 58.2%.  Before the introduction of CMTPL in Armenia, as  well as obligatory individual health insurance of state employees,  the share of corporate insurance significantly prevailed over retail  one. 

ArmInfo. The total net profit of Armenian insurance companies in the first half of 2018 fell by 65.1% per annum (against the decline of 51.6% a year earlier), amounting to  443.2 million drams or $ 919 thousand. According to the Ranking of  Armenian insurance companies prepared by ArmInfo News Agency, the  deterioration of the annual dynamics is due to higher growth rates of  insurance claims, rather than premiums.

ArmInfo. The insurance sector of Armenia paid taxes for 1.1 billion drams in the first half of 2018, which is lower by 26.7% than a year ago. Of this amount, 995.5  million drams fell on direct taxes (including income tax and income  tax), which is 28.9% higher than last year's figure. According to the  RA State Revenue Committee, in the list of 1000 largest taxpayers in  Armenia, according to the results of the first half of 2018, all 6  insurance companies operating on the market were included.

ArmInfo. The Armenian insurers in the first quarter of 2018 reimbursed 5.7 billion drams or $ 11.9 million for various classes (figures are presented from the reports of the portfolios of the CB according to the standards of the Central Bank of Armenia).

ArmInfo. The premiums of Armenian  insurance companies increased by 47.9% per annum in the 1st quarter  of 2018, with an increase in indemnities of 26%, while a year earlier  premiums were in a 1.1% decline, and payments showed a higher growth  - 32.6% %.

ArmInfo. The share of retail  insurance in premiums of Armenian insurers in the first quarter of  2018 amounted to 36.8% (5.2 billion AMD), corporate - 63.2% (8.9  billion).

ArmInfo. According to the company's data, the loss ratio for compulsory motor third party liability insurance increased by almost 11 percentage points in 2017, making about 66%.

ArmInfo. The loss ratio for  OSAGO by the end of 2018 will be about 70%. This forecast was  presented by the executive director of the Armenian Insurers' Bureau  Vahan Avetisyan in a conversation with ArmInfo correspondent on March  30.

ArmInfo. The insurance sector of Armenia paid 2.652 billion AMD in taxes in 2017, which is 26.8% more than a year ago. Of this amount, over 91.4% or 2.425 billion AMD was paid under direct taxes (including income tax and income tax). According to the RA State Revenue Committee, in the list of 1000 largest taxpayers of Armenia, in the result of 2017, all 6 insurance companies operating on the market were included.

ArmInfo. The volume of premiums for health insurance in Armenia increased by 28.1% in 2010 to 7.1 billion drams ($ 14.7 million), and compensation - by 17.8% to 4.03 billion drams ($ 8.3 million). According to the Analytical Ranking of Insurance Companies of Armenia prepared by IC ArmInfo, compared with the previous year, the growth rates of the medical insurance market have significantly increased due to the introduction of the first phase of compulsory medical insurance (OMC) for civil servants since October 2017.

ArmInfo. The share of retail  insurance in the portfolios of premiums of Armenian insurers amounted  to 56.1% (19.6 billion AMD), corporate - 43.9% (15.3 billion) in  2017. At the same time, the capacity of the retail insurance market  accelerated the upward trend to 4.5% from 0.2% in 2016, and, at the  same time, corporate insurance growth slowed to 8.5% from 12.1% in  2016.  Before the introduction of OSAGO in Armenia, as well as  compulsory individual health insurance of state employees, the share  of corporate insurance significantly prevailed over retail.

ArmInfo. Armenian insurance companies reimbursed 17.8 billion drams or $ 36.7 million for various classes in 2017 (figures are presented from reports of SC portfolios according to CBA standards).