ArmInfo. The total net profit of insurance companies of Armenia in 2017 dropped by 58% (against growth by 34% in 2016), making 1.6 billion drams or $ 3.3 million.  According to the Ranking of Armenian insurance companies prepared by IC ArmInfo, the deterioration in the annual dynamics is due to a sharp change in the dynamics of insurance claims from 13.7% decline to 30.4% growth with a low rising rate of insurance premiums - 5.7% against 6.8% a year earlier.

ArmInfo. The premiums of  Armenian insurance companies for the year 2017 slowed the growth rate  to 5.7% from 6.8% in 2016, against which the refinancing improved the  dynamics with the exit from the 13.7% decline by 30.4% growth. By  January 1, 2018, the total volume of insurance premiums amounted to  34.1 billion AMD, and the amount of insurance indemnities - 18.6  billion AMD (figures are given from the reports of the IC by IFRS  standards).

ArmInfo. The best partners of Finimbudman of Armenia in 2017 were the insurance company "Nairi  Insurance" and Unibank. As Piruz Sargsyan, the head of the office of  the Finumbudsman of Armenia, stated at a press conference on January  24, these financial organizations distinguished themselves by the  quality of cooperation and the number of cases resolved by  conciliation of the parties.

ArmInfo. The Insurance Company   of  Nairi Insurance urges the media not to associate with it and its  founder the situation at Bagratashen customs point, and not to  ascribe to it any actions that do not correspond to reality. This is  the context of the official response of  Nairi Insurance IC to the  request of ArmInfo regarding the reliability of the information   rumored about the monopolistic implementation of auto insurance  throughTop-Spin LLC office located right at at the Bagratashen  customs station.

ArmInfo. The Armenian  insurance sector paid 2.1 billion AMD or 4.4 million AMD for  January-September 2017, exceeding the figure of 31.3% a year ago. Of  this amount, 1.9 billion AMD fell on direct taxes (including income  tax and income tax), which is 26.7% higher than last year's figure.  According to the RA State Revenue Committee, in the list of 1000  largest taxpayers of Armenia, according to the results of 9 months of  2017, all 6 insurance companies operating on the market were  included.

ArmInfo. The volume of accrued  insurance premiums for compulsory motor third party liability  insurance amounted to 13.9 billion AMD in the first 9 months of 2017,  an increase of 4.6% over the year, versus growth of 1.7% a year ago.  At the same time, the volume of insurance claims paid was 8.2 bln  AMD, with a sharp output of the annual dynamics from a 1.6% decline  to a 34.4% increase. This is evidenced by monthly reports published  by the Bureau of Motor Insurers of Armenia on OSAGO.

ArmInfo. The share of retail  insurance in the portfolios of premiums of Armenian insurers for the  9 months of 2017 amounted to 57.1% (14.02 billion drams), corporate -  42.9% (10.5 billion drams). At the same time, the capacity of the  retail insurance market improved the annual trend from minus 0.2% to  plus 3.5%, along with the rate of growth of corporate insurance  accelerated from 0.9% to 4.2%. 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 refunded 11.98 billion drams for the 9 months of 2017 or $ 25.1 million for the various classes (figures are presented from the reports of the portfolios of the CB according to the standards of the Central Bank of Armenia). On an annual basis, insurers' reimbursements increased by 19.3%, against growth of 4.8% a year earlier. At the same time, the Armenian insurance premiums recorded an annual growth of 3.8% - up to 24.6 billion AMD or $ 51.3 million, against growth of 0.3% a year earlier. According to the Ranking of Insurance Companies of Armenia, prepared by IA ArmInfo, five companies provided annual growth of payments, the largest in RESO insurance companies - by 61.8% and Nairi Insurance - by 52.4%, and the only annual decline was fixed from Rosgosstrakh Armenia Insurance Company - by 0.6%.

ArmInfo. The premiums of  Armenian insurance companies for the III quarter of 2017 improved the  dynamics with the exit from the 22.8% decline to 1.8% growth (against  15.1% growth in Q3 2016), with a similar picture of compensation - of  the 10.2% decline in the 11.5% growth (against 19.6% growth in the  third quarter of 2016).

ArmInfo. The total net profit  of Armenian insurance companies for 9 months of 2017 fell by 56.1%  per annum (against growth of 62.7% a year earlier), amounting to 1.7  billion AMD or $ 3.6 million. According to the Ranking of insurance  companies of Armenia prepared by NA ArmInfo, the deterioration of the  annual dynamics was caused by a sharp acceleration of the upward  trend of insurance compensation from 4.8% to 19.3% with a low growth  rate of insurance premiums - 3.8% against 0.3% a year earlier. In the  annual context (9 months of 2017 to the same period in 2016), profit  loss was observed in five insurance companies, three of which reduced  the positive indicator by 40-64%, and two moved from profit to loss  (Seal Ishurans and RESO), and only one the company  (Armenia-Insurance) managed to increase profits by 15.3%.

ArmInfo. With the introduction of a system of direct reimbursements in Armenia, the gap in the average size of the insurance payment for OSAGO has narrowed significantly - from the previous 150-210 thousand drams to the current 178-198 thousand drams.  Vahan Avetisyan, executive director of the Armenian Auto Insurers' Bureau, explained in an interview with ArmInfo correspondent that this is because the principles and approaches of insurance companies to the damage assessment became more similar.

ArmInfo. In 2018, a mobile version of the registration of insurance cases for the Euro-protocol (according to the simplified scheme) will be introduced to maximize the convenience of drivers when registering accidents. Vahan Avetisyan, Executive Director of the Armenian Auto Insurers' Bureau, told ArmInfo correspondent that at present the application is at the stage of registration of the technical assignment. As a result, drivers with an independent registration of an insurance event will have a choice in which version to fill out a questionnaire - paper or mobile.

ArmInfo. The insurance sector  of Armenia paid 1.5 billion drams in the first half of 2017,  exceeding the figure of the previous year by 36.4%. Of this amount,  1.4 billion drams fell on direct taxes (including income tax and  income tax), which is 40% higher than last year's figure. According  to the RA State Revenue Committee, in the list of 1000 largest  taxpayers of Armenia, according to the results of the first half of  2017, all 6 insurance companies operating on the market were  included.

ArmInfo. The share of retail insurance in the  portfolios of premiums of Armenian insurers for the first half of  2017 was 54.6% (9.3 billion drams), corporate - 45.4% (7.7 billion  drams). At the same time, the capacity of the retail insurance market  improved the annual trend from negative 3.9% to positive 2.7%, while  the growth rate of corporate insurance accelerated from 7.3% to 8.5%. 

ArmInfo. The share of retail insurance in the  portfolios of premiums of Armenian insurers for the first half of  2017 was 54.6% (9.3 billion drams), corporate - 45.4% (7.7 billion  drams). At the same time, the capacity of the retail insurance market  improved the annual trend from negative 3.9% to positive 2.7%, while  the growth rate of corporate insurance accelerated from 7.3% to 8.5%. 

ArmInfo.  The premiums of Armenian  insurance companies declined by 22.8% in Q2 of 2017, with declines of  10.2%. In the first half of the year, the annual growth of insurance  premiums was much more modest - 4.7%, rather than payments - 30.5%.  By July 1, 2017, the total volume of insurance premiums was 16.6  billion drams, and the amount of insurance indemnities - 8.1 billion  drams (figures are from the reports of IC on IFRS standards).  According to the Ranking of insurance companies of Armenia prepared  by ArmInfo News Agency, as a result of this the insurance system  summed up the first half of 2017 with a net profit of 1.3 billion  drams with a quarterly growth of 44.6%, with an annual decline of  51.6%. According to reports of SC portfolios on CBA standards,  insurance premiums totaled 16.98 billion drams (an annual growth of  5.3%), and compensation - 8.02 billion drams (annual growth of  17.7%). The decline in fees during the reporting period was recorded  in 2 out of 6 companies operating in the insurance market of Armenia,  while the decline in compensation was observed in the 1 st.

ArmInfo. The total net profit of Armenian insurance  companies in the first half of 2017 dropped 51.6% year-on-year  (against growth of 74% a year earlier) to 1.3 billion AMD or $ 2.6  million. According to the Ranking of Armenian insurance companies  prepared by NA ArmInfo, the deterioration in the annual dynamics was  caused by a sharp acceleration of the upward trend of insurance  claims from 0.7% to 30.5% with a continuing low growth rate of  insurance premiums - 4.7% against 4.2% a year earlier. In the annual  breakdown (I half-year of 2017 to the first half of the year 2016),  profit loss was observed for all six insurance companies, with RESO  being the most significant - by 2.2 times - with the departure from  plus to minus.

ArmInfo. According to preliminary calculations, thanks to the collection of money on the InDiegogo international site, the longest zip-line in the world will be built in the Tavush district,Yenokavan.

ArmInfo. Share of retail insurance in portfolios of premiums of Armenian insurers on the basis of Q1 2017 was 52.1% (4.96 billion AMD), corporate - 47.9% (4.6 billion AMD).

ArmInfo. The total net profit of Armenian insurance companies in Q12017 dropped by 60.3% annually (versus growth of 2.1 times a year ago), forming  518.9 million AMD or $ 1.1 million.