YEREVAN, August 25. /ARKA/. The number of insurance companies in Armenia is expected to reduce over a period between 2016 and 2018 because of mergers or portfolio handovers, the Central Bank of Armenia says in its report ‘Possible Developments of Armenia’s Banking Sector in 2016-02018’ based on programs of prospective development of Armenian insurance companies.

According to the report, several flagship companies will continue operating at the country’s insurance market, while other companies will occupy lower-level niches here.

New types of obligatory insurance will be introduced in Armenia, particularly mandatory medicare insurance.

Categories: General news, Insurance market, News, News of the hour | Comments Off on Mergers and portfolio handovers expected in Armenian insurance market in 2016-2018

Tags: Armenia, handovers, Insurance market, MERGING, Portfolio

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ARKA News Agency has released a fresh issue of its regular bulletin “The Insurance Companies of Armenia” for the first quarter of 2014

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Average return on assets (ROA) of Armenian insurance companies was 4.58% as of the end of September as compared to 2.96% at the end of June

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Tags: Armenia, ASSETS, Insurance market

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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

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Tags: Armenia, Insurance market, liability

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Net profits of Armenian insurance companies in January-September 2012 contracted by 48 percent from a year before to about 1.2 billion drams

Categories: General news, Insurance market, News | Comments Off on Armenian insurance companies net profits for nine months slash by 48 percent to 1.2 billion drams

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INGO Armenia insurance company plans to increase insurance premiums by 220% this year form 2011 to 9.5 billion drams, the company’s executive director Levon Altunian told a news conference September 19

Categories: General news, Insurance market, News | Comments Off on INGO Armenia plans to more than double premiums this year

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Armenian insurance companies’ aggregate assets reached AMD 39.2 billion by

Categories: General news, Insurance market, News, News of the hour | Comments Off on Armenian insurance companies’ aggregate assets grow 9.8% to AMD 39.2 billion

Tags: ASSETS, growth, Insurance market

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Ingo insurance company is supporting Jazz Evenings, a series of concerts in Yerevan on June 9-13

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Tags: Armenia, INGO Armenia, Insurance market

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The amount of loans provided by Armenian commercial banks to resident customers increased by 3.7 percent in May as opposed to the previous months of April

Categories: Banks @en, General news, News | Comments Off on Bank lending to residents grows by 3.7 percent to 1.4 trillion drams

Tags: Armenia, Banks, Insurance market, residents

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Armenia’s Central Bank has approved a merger of Cascade Insurance and INGO Armenia insurance companies. A statement on Russian Ingosstrakh insurance company

Categories: General news, Insurance market, News, News of the hour | Comments Off on Armenian Central Bank registers merger of two insurance companies

Tags: Cascade Insurance, CBA, INGO Armenia, Insurance market

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