ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo. For 9 months of 2019,  the Armenian insurers reimbursed 18.2 billion drams or $ 38.2 million  in various classes (the figures are given from the reports of  Insurance Companies portfolios according to the standards of the  Central Bank of the Republic of Armenia). In y-o-y terms,  reimbursements of insurers increased by 9.9%, against growth by 37.9%  a year earlier.

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. 

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.

ArmInfo.

ArmInfo. From the next year, the agricultural risk insurance system will start operating in Armenia. At first this program will be pilot, since the situation is similar to the one in mathematics called the equation with many unknowns.

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.

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.

ArmInfo. In the first half of 2019, Armenian insurers reimbursed AMD 11.9 billion or $ 24.9 million for different classes (the figures are given from the reports of UK  portfolios according to the standards of the Central Bank of the  Republic of Armenia).

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.

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.

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

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.

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.

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.

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).

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.

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).