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German KfW to provide 5.3 million to Armenia to help introduce agriculture insurance scheme

14.12.2017 18:38

German KfW to provide 5.3 million to Armenia to help introduce agriculture insurance scheme

YEREVAN, December 14. /ARKA/. The government of Armenia has approved today a draft grant agreement between the ministry of finance and the German state-owned KfW bank to the tune of 5.3 million euros. The money will be used to assist the introduction of agricultural insurance scheme in Armenia.

Deputy finance minister Karen Tamazyan said the core of the project is to insure the agricultural sector against climatic risks.

According to him, in accordance with the agreement, the financing of the program will be implemented by Armenia and Germany on a parity basis. The funds will be provided in two disbursements. Earlier minister of agriculture Ignaty Arakelyan stated that about $5 million will be spent on the introduction of agricultural insurance in three years.

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Insurance companies collect 13.4 billion drams in 9 months as premiums for mandatory insurance of vehicles

24.11.2017 11:14

Insurance companies collect 13.4 billion drams in 9 months as premiums for mandatory insurance of vehicles

Six Armenia-based insurance companies collected a total of 13.4 billion drams in the first 9 months of 2017 as premiums for mandatory insurance of vehicles and paid 7.9 billion drams in damage compensation claims

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Online mandatory insurance of vehicles available in Armenia

01.11.2017 16:05

Online mandatory insurance of vehicles available in Armenia

Armenian motorists are now able to conclude mandatory insurance of their vehicles with any insurance company online at a 5% discount on insurance premiums, the Bureau of Car Insurers of Armenia said today

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‘A Clean Home’ insurance can be formalized at VTB Bank (Armenia)

14.09.2017 17:14

‘A Clean Home’ insurance can be formalized at VTB Bank (Armenia)

VTB Bank (Armenia) and ROSGOSSTRAKH ARMENIA Insurance Company are presenting a new product – immovable property insurance “A Clean Home”, the press office of the bank reports

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VTB Bank (Armenia) offers beneficial insurance products

20.04.2017 14:16

VTB Bank (Armenia) offers beneficial insurance products

VTB Bank (Armenia), as an agent of Armenia’s flagship insurance companies, offers beneficial insurance products, which can be acquired right in the bank, without visiting insurance companies’ offices

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Armenia and Iran set to expand cooperation in the field of insurance

10.02.2017 17:28

Armenia and Iran set to expand cooperation in the field of insurance

Armenia and Iran are set to expand cooperation in the field of insurance, the press service of the Armenian ministry of economic development and investments said following a meeting between minister Suren Karayan and the director general of the Central Insurance Company of Iran Abdolnaser Hemati

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No consolidations expected in Armenia’s insurance sector in 2017 – INGO Armenia

29.12.2016 14:12

No consolidations expected in Armenia’s insurance sector in 2017 – INGO Armenia

Arevshat Meliksetyan, executive director of INGO Armenia, told journalists on Wednesday, that he expected no consolidations in Armenia’s insurance sector in 2017

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Ingo Armenia earns 900 million drams in profit

28.12.2016 15:50

Ingo Armenia earns 900 million drams in profit

Ingo Armenia insurance company earned a total of 900 million drams in profit in the first 11 months of this year, Ingo Armenia CEO Arevshat Meliksetyan told a news conference today

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Armenian insurance companies report 63% surge in net profit

16.11.2016 16:10

Armenian insurance companies report 63% surge in net profit

The net profit of six Armenia-based insurance companies in the first 9 months of 2016 amounted to 3.895.5 billion drams, up from 2.394.1 billion drams they had earned in the same period of 2015

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Insurance companies collected 9.2 billion drams in six months as premiums for mandatory insurance of vehicles

17.08.2016 17:07

Insurance companies collected 9.2 billion drams in six months as premiums for mandatory insurance of vehicles

Six Armenia-based insurance companies collected a total of 9.2 billion drams in the first half of 2016 as premiums for mandatory insurance of vehicles and paid 3.9 billion drams in damage compensation claims

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