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. 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.

ArmInfo. Interview of IA ArmInfo with Deputy Executive Director of "Sil Insurance" Levon Mamikonyan

ArmInfo. Armenian insurers in Q1  2017 compensated 4.2 billion AMD or $ 8.6 million for various classes  (figures are given from the reports of the portfolios of the IC  according to ACB standards). On an annual basis, insurers' refunds  increased by 13.8%, versus growth for 13.4% a year ago.

ArmInfo. Armenian Insurance sector for Q1 2017 paid taxes for 550.2 mln AMD, which is more than index of 2016 for 10.3%. 492.1 mln AMD from that sum were the share of the tax and revenue and income tax. According to Armenian State Revenue Committee 6 active insurance companies are involved in 1000 major taxpayers of Armenia in Q1 2017.

ArmInfo. Based on the results of 2016, the share of retail insurance in premium portfolios of Armenian insurers formed 57% (AMD 18,8 bln), and the corporate insurance share made 43% (AMD14,1 bln).

ArmInfo. In 2016, the Armenian insurance companies' indemnities totaled 14.2 bln AMD or $29.4 mln (the figures are taken from the insurance companies' reports in accordance with CB standards). In 2016, the insurance companies' indemnities grew by 4.9% (versus 38.4% decline in 2015).  The insurance premiums of the companies rose by 5% to 32.9 bln AMD or $68 mln (versus 4.3% growth in 2015).

ArmInfo. In 216, the net profit of Armenian insurance companies grew by 34% (versus 71% rise a year before) to 3.6 bln AMD or $7.3 mln.

ArmInfo. In 2016, the  insurance sector of Armenia paid 2.091 bln AMD in taxes, 17.8% more  than in 2015. 1.951 bln AMD of this amount was paid in profit and  income taxes. The Armenian State Revenue Committee reports that all  the 6 insurance companies on the Armenian market are on the list of  the top 1000 taxpayers of Armenia.