All news related to insurance

Moody’s assigns a Ba3 IFSR to Export Insurance Agency of Armenia; stable outlook

20.01.2022 13:52

Moody’s assigns a Ba3 IFSR to Export Insurance Agency of Armenia; stable outlook

YEREVAN, January 19, /ARKA/. Moody's Investors Service ("Moody's") has today assigned Ba3 foreign and local-currency insurance financial strength ratings (IFSRs) to Export Insurance Agency of Armenia ICJSC (EIA). The outlook is stable.

EIA's Ba3 IFSRs reflect its b1 Baseline Credit Assessment (BCA), and moderate probability of support from the government of Armenia (Ba3 stable), resulting in a notch uplift above the BCA.

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Some 305 million drams paid in compensation claims to holders of agricultural insurance polices in Armenia

29.10.2021 23:02

Some 305 million drams paid in compensation claims to holders of agricultural insurance polices in Armenia

As of October 1, 2021, about 305 million drams were paid in compensation claims to holders of 1,440 agricultural insurance policies in Armenia, the Ministry of Economy reported

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Armenian government extends deadline for agriculture insurance by one month

27.04.2020 17:59

Armenian government extends deadline for agriculture insurance by one month

The Armenian government has extended the deadline for farmers to conclude agricultural insurance contracts by one month until May 15, Anna Ohanyan, spokeswoman for the Ministry of Economy, wrote in a Facebook post.

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Nonresidents to receive no deposit insurance preferences in Armenia

09.09.2019 20:20

Nonresidents to receive no deposit insurance preferences in Armenia

YEREVAN, September 9. /ARKA/. The National Assembly of Armenia declined Monday a motion to include the amendments proposed to the law on compensations for individual depositors into the autumn sessions’ agenda. Mane Tandilyan, a member of Bright Armenia faction, presenting the bill, said that it proposed to increase deposit guarantees for nonresident depositors. “The problem […]

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Insurance companies unhappy with Armenia’s Single Window for Automotive platform

11.02.2019 18:53

Insurance companies unhappy with Armenia’s Single Window for Automotive platform

Armenian insurance companies are getting increasingly unhappy with the Armenia’s Single Window for Automotive (ASWA) platform

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Insurance companies collect about 30 billion drams as premiums for insurance of vehicles

27.11.2018 16:39

Insurance companies collect about 30 billion drams as premiums for insurance of vehicles

Six Armenia-based insurance companies collected a total of 29.9 billion drams in the first 9 months of 2019 as premiums for mandatory insurance of vehicles and paid 16.7 billion drams in damage compensation claims

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Bureau of car insures reports dramatic rise in all indicators

03.04.2018 18:43

Bureau of car insures reports dramatic rise in all indicators

The Armenian Bureau of Car Insurers saw a 30-40% rise in all indicators in 2017, including the number of insurance cases, the head of the Bureau Vahan Avetisyan told a news conference today

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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

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

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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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