ArmInfo. Ardshinbank and INGO Armenia insurance company are recognized as the best partners of Financial Ombudsman of Armenia in 2015. As Financial Ombudsman's press-service informed ArmInfo, the criteria of quality of cooperation, relative share of cases solved by conciliation of the parties, etc. was taken into consideration for recognition of the best partners.

ArmInfo. According to the amendments to the Law "On Insurance", the insurance contracts shall compulsorily indicate the behavior rules with respect to the consumers and the criteria of the services rendered to the consumers, as well as the admissible period for the customers to terminate the insurance contract, Deputy Chairman of the Central Bank of Armenia Nerses Yeritsyan said in Parliament on December 18.         

ArmInfo.  "Our company has wrapped up the agriculture insurance program," Levon Altunyan, INGO Armenia Insurance Company Executive Officer, told ArmInfo. Yet in late 2014, Minister of Agriculture Sergo Karapetyan said at a final press conference of the Ministry that in 2015 together with INGO Armenia the Ministry planned to implement a pilot program of cattle insurance in Vayots Dzor region. Where the inventory of the cattle was over. He said no other insurance company agreed to undertake such risks. 

ArmInfo. Rosgosstrakh Armenia Insurance Company made over 1 million motor third party liability (MTPL) policies by October 1, 2015. It is the only insurance company in Armenia to make its one-millionth MTPL policy.  According to Rosgosstrakh Armenia press- office, this fact speaks of the high level of consumer trust that company has been enjoying during the five years of its operation in the country. 

ArmInfo. Armenia's insurance sector paid 1.3 billion AMD in taxes for the 9 months of 2015, which is 19.6% less than the last year's indicator. From this sum 1.2 billion AMD was paid as profit tax and income tax.

ArmInfo. Armenia already has preconditions for introducing life assurance, Director of Institute of Economics and Business at the RAU, former Ministr of Economy, Dr. (Economics), Professor Edward Sandoyan told ArmInfo's correspondent. 

ArmInfo. As of Jul 1, 2015 the net worth of the 6 operating insurance companies in Armenia totaled 14.9 bln AMD with a 4.5% yoy growth. In Q2 the indicator decreased by 1.2%. By the Ranking of the Armenian insurance companies, prepared by ArmInfo News Agency, 87,6% or 13.1 bln AMD accounted for the registered capital in the net worth structure.

ArmInfo. By Jul 1, 2015 insurance companies' assets totaled 39 bln AMD with 5.1% yoy fall. In Q2 the decrease indicator totaled 2.8%.

In Q1 2015, the average monthly salary in the Armenian insurance system was 262.3 thsd AMD ($557), 8.8% less than in Q1 2014. The number of employees rose by 0.7% to 143.

In Q1 2015, the Armenian insurance companies' payouts in various classes of insurance totaled 3.237 bln AMD. As compared to Q1 2014, this index dropped by 40.9%.  In the meantime, the premiums of the insurance companies fell by 8.8% to 9.416 bln AMD.

The premiums of the Armenian insurance companies dropped by 8.8% over year amid 40.9% decline in payouts.

At Q1-end of 2015 the Armenian insurance companies have paid 457.4 million AMD taxes (including 437.7 million AMD income and profits taxes), which is by 27.7% less than a year ago.

ArmInfo. In Jan-Sept 2014 the average monthly salary in Armenia's insurance companies dropped by 6.4 to 254,700 AMD or 625. According to ArmInfo's Ranking of Insurance Companies of Armenia, Sil Insurance raises its average salary by 25.8 to 181,700 AMD but cut its staff by 3.4 to 201 employees.