Armenia
ARMENIAN insurance companies' net profit in quarter one slashes by 60 percent
Net profit of six Armenia-based insurance companies in the first quarter
of 2017 slashed by 60.3% year-on-year to 518.9 million drams, according
to ARKA news agency's quarterly bulletin "Insurance Companies of
Armenia" for the first quarter of 2017.
30 May 2017STATISTICS: ARMENIA, FY2016: motor insurance lines once again dictate the market trend
The 5% GWP growth recorded by the Armenian insurers in 2016 was mainly due to the national cars fleet's expansion and to the implementation of several large economic projects.
4 May 2017ARMENIA: VTB Bank as insurance companies` agent offers to get insurance certificate with beneficial terms
VTB Bank (Armenia) as an agent of leading insurance companies offers beneficial insuring products, the clients can get in the Bank without visiting the insurance companies' offices, Bank's press-service informed ArmInfo.
26 April 2017ARMENIA: Armeconombank and SIL Insurance recognized by central bank as joint financial group
The Central Bank of Armenia has qualified Armeconombank OJSC and SIL
Insurance CJSC as a financial group - SIL Multifunctional Financial
Group.
19 April 2017ARMENIA: Compulsory Vehicle Insurance "direct payout"tool launched on April 1 2017
From April 2017 new conditions of CVI insurance indemnifications are enforced in Armenia. As Vahan Avetisyan the director of Armenian Motor Insurance Bureau has stated earlier, in 2016 all the necessary technical and procedural backgrounds were created so that from April 2017 CVI insurance certificates holders could receive indemnifications from their insurance company.
10 April 2017ARMENIAN insurers collected AMD 17.8 billion in 2016 as GWP for mandatory insurance of vehicles
Six Armenia-based insurance companies collected a total of 17.8 billion drams in 2016 as premiums for mandatory insurance of vehicles and paid 8.8 billion drams in damage compensation claims, according to ARKA news agency's bulletin "Insurance companies of Armenia" for the fourth quarter of 2016.
1 March 2017ARMENIA-based insurers earned AMD 4.058 billion in net profit in 2016
Armenia-based six insurance companies earned a total of 4.058 billion
drams in net profit in 2016, up from 2.672.8 billion drams they had
earned in 2015 (51.8% increase), according to ARKA news agency's
bulletin "Insurance Companies of Armenia" for the fourth quarter of
2016. All six companies closed the past year with a profit, whereas in
2015 two companies reported losses.
23 February 2017ARMENIA, IRAN sign MOU on insurance co-op
Iran and Armenia signed a Memorandum of Understanding (MOU) to expand
bilateral insurance cooperation in Yerevan on Thursday, IRNA reported.
13 February 2017ARMENIAN iinsurers paid over AMD 2 billion in taxes in 2016
The list of Armenia's 1000 largest corporate taxpayers in 2016 includes all six insurance companies, operating in the country, which paid about 2.09 billion drams in taxes, up from 1.77 billion drams they had paid in 2015, the State Revenue Committee said. Some 93% of that amount were direct taxes, the Committee said.
2 February 2017ARMENIA's median gross monthly salary in 2016 was AMD 187,850
The median gross monthly salary in Armenia in 2016 amounted to 187,850 drams ($391 or 26,127 Russian rubles), which was by 1.7% more than in 2015, according to the figures, released today by the National Statistical Service (NSS).
1 February 2017ARMENIA: Fitch Affirms Armenia at 'B+'; Outlook Stable
Fitch Ratings has affirmed Armenia's Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at 'B+' with Stable Outlook. The issue ratings on Armenia's senior unsecured Long-Term Foreign Currency bonds have also been affirmed at 'B+'. The Country Ceiling has been affirmed at 'BB-' and the Short-Term Foreign Currency and Local Currency IDRs at 'B'.
24 January 2017ARMENIA: No consolidations expected in insurance in 2017
Arevshat Meliksetyan, executive director of INGO Armenia, told
journalists on Wednesday, that he expected no consolidations in
Armenia's insurance sector in 2017.
9 January 2017ARMENIA: INGO Armenia to offer new products to its clients in 2017
INGO Armenia insurance company will improve the quality of its services
and will offer new products to its clients, Arevshat Meliksetyan,
executive director of the company, told journalists on Wednesday.
9 January 2017ARMENIA: Pilot agriculture insurance program to be developed next year
A pilot agriculture insurance program will be developed in Armenia next
year, deputy minister of agriculture Armen Harutyunyan said today.
5 December 2016ARMENIA: Six insurers collect 12.9 billion drams for mandatory car insurance in 3Q
Six Armenia-based insurance companies collected a total of 12.9 billion
drams of premiums for mandatory car insurance in the third quarter of
2016, and paid 6 billion drams in damage compensation claims, according
to ARKA news agency's third quarter bulletin "Insurance Companies of
Armenia."
5 December 2016ARMENIAN 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, an increase of
62.7%., according to ARKA news agency's bulletin "Insurance Companies
of Armenia" for the third quarter of 2016.
17 November 2016ARMENIA: VTB Bank announces new terms for customers seeking collateral loans
The Yerevan-based VTB Bank (Armenia) has announced today a string of preferential terms for individual customers seeking to obtain gold-secured loans.
14 November 2016STATISTICS: ARMENIA, 1H2016: MTPL insurance events below AMD 100,000 may be settled based on the mutual consent of drivers
In the first six months of 2016, the six active insurance companies of the Armenian market totaled AMD 16.1 billion in premium (note: based on the Central Banks financial standards), while based onIFRS standards local market totaled only AMD 15.8 billion. At the same time the indemnities paid by local insurers reached AMD 6.2 billion, according to ArmInfo News Agency.
29 September 2016ARMENIAN insurers pay AMD 4.8 bn in 8-month car insurance compensation claims
Six Armenia-based insurance companies paid a total of 4.8 billion drams in 25,332 car insurance compensation claims in the first eight months of 2016, a decrease of 5.8% when compared to the same time span of 2015, a statement posted on the official website of Armenia's Car Insurers' Bureau says.
26 September 2016Services in ARMENIA's finance sector 2.2% to AMD 139.1 billion in Jan-July 2016
Services in Armenia's finance and insurance sectors totaled AMD 139.1 billion in Jan-July 2016 showing a 2.2% year-on-year growth, the National Statistical Service reports.
7 September 2016
