All news related to insurance

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

YEREVAN, November 2510. /ARKA/. 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, according to ARKA news agency’s bulletin "Insurance Companies of Armenia" for the third quarter of 2018. The figures represented 25.1% and 38% growths respectively from a year ago.

The leading company by size of premiums collected for mandatory insurance of vehicles was Rosgosstrakh-Armenia - 8.713 billion drams. It also paid more than 5 drams in damage compensation claims.

It was followed by Ingo Armenia – more than 7.1 billion drams, collected as premiums for mandatory insurance of cars. It also paid 3.763 billion drams in damage compensation claims. Nairi Insurance with almost 5.9 billion drams of collected insurance premiums was third. It also paid 3.122 billion drams in damage compensation claims. Sil Insurance with 3.484 billion drams and 2.160 billion drams respectively was fourth. It was followed by Reso with 2.608 billion drams and 1.540 billion drams and Armenia Insurance with 2.055 billion drams and 1.140 billion drams respectively.

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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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‘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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