Armenian insurance companies’ liabilities total AMD 14.8 billion in late March

31.05.2011 13:21
Armenian insurance companies’ liabilities total AMD 14.8 billion in late March

YEREVAN, May 31. /ARKA/. Armenian insurance companies’ liabilities totaled AMD 14.8 billion in late March after growing 18.27% or by AMD 2.3 billion over the first quarter of this year.

ARKA News Agency’s analysis shows that Rosgosstrakh-Armenia CJSC was the leader among Armenia’s insurance companies for its liabilities totaling AMD 4.8 billion in late March (40.46% quarter-on-quarter growth).

Its share in insurance companies’ aggregate liabilities was 32.2% in late march.

Ingo Armenia, with its AMD 3.4 billion and 23.28% share, Nairi Insurance (AMD 1.7 billion and 11.25%), Cascade Insurance (AMD 1.6 billion and 11.22%) and Garant-Limens (AMD 1.3 billion and 8.90%) were singled out in late March for their liabilities, which make up 86.85% of Armenian insurance companies’ total liabilities.

Armenia had nine insurance companies in late March 2011. One company’s report wasn’t published. ($1 = AMD 377.75). -0-


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