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, 17:55
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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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Monday, January 21 2019, 21:02
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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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Thursday, November 29 2018, 16:00
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.
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Wednesday, November 7 2018, 16:43
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Friday, November 2 2018, 12:13
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).
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Thursday, November 1 2018, 17:32
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).
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Thursday, November 1 2018, 12:50
ArmInfo. The share of retail insurance in the portfolios of premiums of Armenian insurers in the first 9 months of 2018 was 49.7% (15.2 billion AMD), corporate insurance share was 50.3% (15.4 billion AMD), versus 57.1% and 42.9% respectively a year earlier.
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Tuesday, October 30 2018, 17:34
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