Benfitiing from the positive results recorded on the voluntary types of insurance, the Armenian insurance market saw a y-o-y GWP increase of 4.3% in 2015. Moreover, it recorded a record net profit in past five years, reaching to AMD 2.5 billion, up by 71% y-o-y, according to ArmInfo News Agency.

The World Bank reviewed its forecast for Armenian economy's growth in 2016, lowering it from 2,2% to 1,9%.

The total assets of Armenia's pension funds managed by two companies stand  now at 35.5 billion drams, and the annual yield is 7%, Karen Hakobyan, the head of securities regulation division of the Central Bank's financial system regulation department , said today at a discussion devoted to the funded pension system.

The Central Bank of Armenia has set up a system of differentiated obligatory insurance payments which Armenia's banks transfer to the deposit guarantee fund. According to the press office of the central bank, an appropriate law has been amended to allow the regulator to set higher obligatory payments for banks, depending on degrees of their exposure to risk.

Motorists are sure that after March 1, when amendments in the compulsory car insurance (APPA by the Armenian abbreviation) system come into force, problems connected with possible conflicts between drivers involved in car accidents, will further deteriorate.

The number of insured cars has grown from 390,457 in 2011, when mandatory car insurance was introduced in Armenia, to 457,878 in 2015, Vahan Avetisyan, executive director of the Car Insurers Bureau, said Tuesday at a news conference summarizing the results of the first five years of obligatory car insurance in the country.

Armenia intends to become a member of the Green Card International Motor Insurance System, said Vahan AVETISYAN, Executive Director of the Armenian Motor Insurers Bureau, according to ArmBanks website.

All six Armenia-based insurance companies were among the largest 1000 corporate taxpayers in 2015 having paid a total of 1.77 billion drams in various taxes, down from 1.97 billion drams they had paid in 2014, the State Revenue Committee, an affiliation of the ministry of finance, said.

In the first nine months of 2015, the six active insurance companies of the Armenian market underwrote AMD 22.5 billion gross premiums, up by 0.13% y-o-y. Compared with the first quarter of 2015, GWP in the third quarter were down by 23.5%, according to АРКА news agency. At the same time the indemnities paid by local insurers totaled AMD 9.5 billion.

Ardshinbank and INGO ARMENIA insurance company are recognized the best organizations cooperating with the Armenian financial ombudsman office in 2015, Armenian Financial Ombudsperson Piruz Sargsyan said Monday at a news conference.

In 2015, drivers in Armenia paid a total of 17.660 billion AMD (USD 36.360 million) to insure their vehicles. Rosgosstrakh-Armenia, the company enjoying the largest share of the market received 5.761 million AMD in insurance payments last year; followed by Inco (3.914 million), Nairi (2.873m), Sil (2.037m), Reso (1.892m) and Armenia Insurance (1.182m).

All six Armenia-based insurance companies paid a total of 8.7 billion drams in 40,939 car insurance compensation claims in 2015, a decrease of 12.7% compared to the previous year, a statement posted on the official website of Armenia's Car Insurers' Bureau says.

Bloomberg predicts 2.5% economic growth in Armenia in 2016. This is according to the rating of 93 countries with the worst economic indicators published by the agency. It's worth mentioning for comparison that the World bank predicted 2.7% economic growth for Armenia, the International Monetary Fund- 2.2%, the European Bank for Reconstruction and Development- up to 2% , while the Asian Development Bank predicted an increase of 2%.

The median gross wage in Armenia in November 2015 stood at 181,982 drams (USD 379 or 24,659 Russian rubles), a 0.3% rise from October, according to the National Statistical Service (NSS). NSS said in 2015 October the median gross wage was 181,391 drams,  about 0.9% less than in September 2015 and 3.9% more than in October 2014.

Armenia's Central Bank reduced refinancing rate from 9.75% to 8.75%. As the bank's press-service informed ArmInfo, the decision was made on December 22 at the Session of the Board of Central Bank.

The public opinion poll conducted by Gallup International Association in Armenia has demonstrated that VTB Bank (Armenia) is the most popular among the financial-credit organizations of Armenia, Aram Navasardyan, Founder and Director at MPG LLC - Exclusive Representative of Gallup International Association in Armenia, told reporters on December 18. 

Fitch Ratings reported a "negative" outlook for Armenia by sovereign rating and banking sector rating for 2016.

Six Armenian insurance companies collected a total of 12.7 billion drams in mandatory vehicle insurance premiums in the first 9 months of 2015 and paid 6.1 billion drams in compensation claims, according to ARKA news agency's latest bulletin "Insurance Companies of Armenia" for the third quarter 2015.

Six Armenia-based insurance companies collected a total of 22.5 billion drams of insurance premiums in the first 9 months of 2015, a 0.13% year-on-year growth, but when compared to the beginning of this year they were down by 23.5%, according to ARKA news agency's third quarter bulletin "Insurance companies of Armenia."

Net income of  Armenia-based six insurance companies in the first 9 months of 2015 grew to 2.394.1 billion drams from 2.056.3 billion drams in the same time span of 2014, according to ARKA news agency's latest bulletin "Insurance Companies of Armenia" for the third quarter of 2015.