Armenian insurance companies collect 12.7 billion drams in mandatory vehicle insurance premiums in 9 months

30.11.2015 20:47
Armenian insurance companies collect 12.7 billion drams in mandatory vehicle insurance premiums in 9 months

YEREVAN, November 30. /ARKA/. Six Armenian insurance companies collected a total of 12.7 billion drams in mandatory vehicle insurance premiums in the first 9 months of 2015 and paid 6.1 billion drams in compensation claims, according to ARKA news agency's latest bulletin "Insurance Companies of Armenia" for the third quarter 2015.

The leading company by size of collected insurance premiums was Rosgosstrakh-Armenia - 4.18 billion drams. It also paid 2.2 billion drams in compensation claims.

Ingo Armenia was second. It collected 2.7 billion drams in premium insurances and paid 1.4 billion drams in compensation claims.

It was followed by Nairi Insurance with 2 billion drams of collected premiums and 693.3 million drams of paid compensation claims. SILl Insurance was fourth with 1.4 billion and 658.8 million drams respectively. RESO was next with 1.3 billion drams of collected insurance premiums and 675 million drams of paid compensation claims and Armenia Insurance was sixth with 887.2 million and 446.9 million drams respectively.

Insurance companies’ assets at the end of September 2015 stood at 38.1 billion dram, a decline of 6.1% from the beginning of the year. Their liabilities slashed by 14.3% to 22.3 billion drams and their capital grew by 8.4% to 15.8 billion drams. They also earned 2.394.1 billion drams in net profits, up from 2.056.3 billion earned a year ago. ($1 – 481.92 drams). –0—


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