YEREVAN, November 26. /ARKA/. Aggregate liabilities of Armenian insurance companies were about 23.6bln drams as of the end of September 2012, a reduction of 6.3% over the third quarter.

“Ingo Armenia” is the leader in total liabilities among Armenian insurance companies (over 7.3bln drams, a reduction of 7.4% over Q3). The company’s share in aggregate liabilities of Armenian insurers is about 31%.

The five biggest insurers in terms of total liabilities are Rosgosstrakh-Armenia with more than 6.4bln drams (27.2% of the aggregate liabilities of Armenian insurers), Reso with over 3.1bln drams (13.1% of aggregate liabilities), Nairi Insurance with more than 2.7bln drams (the share is 11.7%) and Garant-Limens with more than 1.9bln drams (8.1%).

These five companies hold 91.2% of the overall liabilities of insurance companies.

There were 7 insurance companies operating in Armenia at the end of September, 2012. ($1=406.37drams).–0—