Government is ready to share risks with agricultural insurers Friday, April 12 2024 13:38:00
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 ArmInfo.As part of a pilot program to introduce an agricultural insurance system, the Armenian government will not only subsidize insurance premiums, but will also compensate the costs of insurance companies if a certain threshold of insurance payments is exceeded. |
Wednesday, May 4 2022 15:50
ArmInfo. The total profit of insurance companies (ICs) of Armenia for Q1 2022 exceeded 1.2 billion drams (over $2.5 million), with a 4-4.4-fold climb in terms of y-o-y and quarterly (against a 2.2-2.5-fold decline in the comparable periods of 2021). >>> |
Wednesday, April 20 2022 14:09
ArmInfo. In the first quarter of 2022, the Armenian insurance sector's tax payment a total of AMD 667.7mln - a 35.3% year-on-year increase. Of this amount, direct taxes totaled AMD 574.2mln (85.9%) - a 37% year-on-year increase. >>> |
Friday, April 15 2022 17:18
ArmInfo.. The number of vehicles with an CMPTL policy in Armenia, in Q1 2022increased more significantly than in the pre-Covid comparable period, due to which the volume of insurance premiums exceed the upward trend of two years ago. >>> |
Thursday, February 10 2022 14:55
ArmInfo.The profit of the insurance sector of Armenia decreased by 79.2% in 2021 - to 849.4 million drams ($1.8 million), while for Q4 alone it decreased by 60.1%. >>> |
Wednesday, February 9 2022 11:05
ArmInfo.Armenia's Parliament, on Wednesday, adopted, at its second reading, a bill on the recipients of compensations for damages caused to servicemen's health and of servicemen's life insurance indemnities. >>> |
Monday, February 7 2022 20:11
ArmInfo. Since today, compulsory motor vehicle insurance policies (CMTPL) in Armenia have risen in price by 3.000 drams ($6.5). >>> |
Wednesday, January 19 2022 21:09
ArmInfo.Moody's Investors Service ("Moody's") has today assigned Ba3 foreign and local-currency insurance financial strength ratings (IFSRs) to Export Insurance Agency of Armenia ICJSC (EIA). >>> |
Wednesday, January 19 2022 16:18
ArmInfo. In Armenia, the number of vehicles with CMTPL policy is gradually recovering its growth rates, allowing the increase in fees to gain momentum. Thus, according to the Bureau of Motor Insurers of Armenia, their number increased by 9.6% per annum in 2021, with an exit from the 12.4% decline in 2020, but so far is much inferior to the pre-Covid ascending 18.5% in 2019. >>> |
Friday, December 24 2021 18:31
ArmInfo.A total of 1,345 insurance contracts were signed in Armenia under the pilot agricultural insurance programme, with 4,300 contracts signed this year, Ira Panosyan, Head of the Department of Agricultural Programs Elaboration, Resource Use and Cooperative Development, RA Ministry of Economy, told reporters. >>> |
Thursday, December 23 2021 17:53
ArmInfo.Since its inception, the Military Insurance Fund has provided financial assistance to 4,660 beneficiaries, including soldiers who received disabilities of groups 1 and 2 during the war and families, and died or missing soldiers. Smbat Saiyan, Deputy Director of the Insurance Foundation for Servicemen announced this during a press conference. >>> |
Monday, December 20 2021 13:57
ArmInfo. The number of vehicles with a compulsory motor third party liability insurance (CMPTL) policy in Armenia is gradually recovering its growth rates, which allows the growth of fees to gain momentum. >>> |
Tuesday, November 2 2021 11:36
ArmInfo. In Armenia, the very slow growth of vehicles with a CMPTL policy restrains the growth of fees. So, according to the Motor Insurers' Bureau of Armenia, in January-September 2021 their number increased by 1.3% per annum, with a change of the 3.6% decline a year earlier, but is still much inferior to the pre-COVID rising rates of 14.3% for the same period of 2019. >>> |
Thursday, October 21 2021 13:37
ArmInfo. The insurance sector of Armenia in January- September 2021 paid taxes for 2.1 billion drams ($ 4.3 million), which is 31.3% higher than a year ago (against 33.3% growth a year earlier). Of this amount, 1.8 billion drams fell on direct taxes, with a y-o-y growth of 28.6% (against 16.7% growth a year earlier). >>> |
Friday, September 24 2021 16:35
ArmInfo. The growth of vehicles with CMTPL (compulsory motor third party liability policy) resumed in Armenia. And as evidenced by the data of the Bureau of Motor Insurers of Armenia, their number increased in January-August 2021 by 1% per annum, with an exit from the 2.9% decline a year earlier, but so far it is much inferior to the pre-covid upward rate of 13% for the same period in 2019. >>> |
Monday, September 6 2021 17:49
ArmInfo.In Armenia, fees on travel insurance reached a significant 70% growth in the first half of 2021 (from a significant 46.4% decline a year earlier), reaching a volume of 235.9 million drams ($ 475.8 thousand). Such growth, associated with some activation of outbound tourism, allowed not only to approach the volume of two years ago, but also to return the 1% share of travel insurance in the total portfolio of premiums. >>> |
Monday, August 16 2021 17:18
ArmInfo.In the premium portfolios of Armenian insurers in the first half of 2021, the corporate component continues to prevail over the retail one - 57% (15.1 billion drams) and 43% (11.4 billion drams), almost repeating the indicators of a year ago - 56.2% and 43.8% respectively. According to the Financial Rating of Insurance Companies of Armenia, prepared by ArmInfo IC, the annual dynamics of the absolute values of both indicators changed from the 7.4-8.5% decline by 10.9-7.6% growth. >>> |
Friday, August 13 2021 17:58
ArmInfo.The number of beneficiaries of the state agricultural insurance program in Armnia, according to the latest data, has reached 4,300, while for the entire 2020, 1,500 contracts alone were concluded between farmers and insurance companies. Head of Department of Agricultural Programs Elaboration, Resource Use and Cooperative Development of the RA Ministry of Economy Ira Panosyan informed about this. >>> |
Thursday, August 12 2021 10:59
ArmInfo. The attempt of the Armenian insurance sector to get out of the loss for profit in Q2 2021 was crowned with success, but the received amount of 94 million drams ($ 189 thousand) was insufficient to zero out the six-month loss. According to the Financial Rating of insurance companies in Armenia, prepared by ArmInfo IC, the total loss of 6 insurance companies for H1 2021 was amounted to 130.6 million drams (over $ 263.4 thousand), with a 2-fold y-o-y drawdown (from plus to minus level), with a quarterly 2.5-fold growth (reaching the plus level). >>> |
Tuesday, June 29 2021 17:32
ArmInfo. In the period from 2020 to May 31, 2021, the Insurance Foundation for Servicemen made payments in the total amount of 38.5 billion drams, of which 36.9 billion to the main beneficiaries, and 1.5 billion drams - within the framework of the "Kamurj" program. This is stated in the official statement of the Foundation. >>> |
Monday, June 14 2021 11:31
ArmInfo.In Armenia, the number of terminated CMTPL contracts continues to grow rapidly - 3.9 -fold in January-May 2021 compared to the same period a year ago, amounting to 19,500. And almost the same - the volume of returned or refundable premiums increased by 3 times - up to 236.1 million drams ($ 453.4 thousand). This is evidenced by the data of the Bureau of Motor Insurers of Armenia, according to which, in the reporting period, the number of vehicles with MTPL policy decreased by 2.3%. >>> |
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