Armenia-based insurance companies collect 9.5 billion drams of premiums in three months of 2016

20.05.2016 11:15
Armenia-based insurance companies collect 9.5 billion drams of premiums in three months of 2016

YEREVAN, May 19. /ARKA/. Six Armenia-based insurance companies collected a total of 9.5 billion drams of insurance premiums in the first three months of 2016, a 6.7% year-on-year growth, according to ARKA news agency’s 2016 first quarter bulletin "Insurance companies of Armenia."

The leading company in terms of collected insurance premiums in the first quarter of 2016 was Rosgosstrakh-Armenia with about 2.9 billion drams, a 13.6% rise from the year before.

Ingo Armenia was second with 2.230 billion drams, a drop of 8.9%. It was followed by Nairi Insurance with about 1.7 billion drams (a growth of 39.4%), Sil Insurance  with 1.365 billion drams (a growth of 2.7%)  Reso  with 794.5 million drams (a growth of 2.7%) and Armenia Insurance  with 480.6 million drams (a drop of 12.6%).

The compensation claims paid by these companies in the first quarter of 2016 grew by 12.4% to 3.7 billion drams

Insurance companies’ assets at the end of March 2016 stood at 40.3 billion dram, a growth of 3.8% from the beginning of the year. Their liabilities upped by 0.3% to 22.6 billion drams and their capital grew by 8.6% to 17.6 billion drams. ($ 1 - 478.00 drams) -0-


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