Armenia
ARMENIA: MTPL loss ratio declines, yet policy prices rise
In Armenia, the MTPL loss ratio fell to 73.2% during the January–August 2026 period, down from 74% for the same period in 2025.
21 September 2026ARMENIA: MTPL GWP and paid claims continue to rise, while those for health insurance decline
MTPL GWP y-o-y growth accelerated from 16% to 18.5%, whereas health insurance saw a sharp decline—switching from a 4.7% increase a year ago to a 34.7% decrease in the first half of 2026.
1 September 2026STATISTICS: ARMENIA, 1H2026: Motor insurance generated almost 56% of all premiums
Armenia's insurance sector generated AMD 41.93 billion (EUR 99.96 million) in the first half of 2026, up only 1.10% y-o-y. However, in euros, market growth was significantly higher (+8.66%). Paid claims in local currency increased by 8.73%, reaching AMD 23.31 billion (EUR 55.59 million), according to data from the Financial Rating of Insurance Companies provided to ArmInfo.
27 August 2026ARMENIA: Agricultural insurance activity resumes in 2026
Agricultural insurance is picking up in Armenia, having resumed in 2026 after two years of inactivity, ArmInfo reports.
17 August 2026ARMENIA: Insurance sector’s tax payments rise 2.8-fold in 1H2026
Armenia's insurance sector increased tax payments to the state budget 2.8-fold in the first half of 2026, reaching nearly AMD 1.7 billion (~EUR 4.36 million).
4 August 2026ARMENIA: MTPL loss ratio declines, while cost of the policy rises helping to offset inflation risks
In the Armenian insurance market, the MTPL loss ratio fell to 72.1% in the first half of 2026, down from 73.3% in the same period last year, ArmInfo reports.
4 August 2026ARMENIA: MTPL loss ratio amounts to 73.1% in January-May
In the Armenian insurance market, the MTPL loss ratio, after declining throughout 2025 from 81.8% to 76.3%, began to increase in 2026. This trend continued until May, and then began to decline to 73.1% for January-May, according to data from the Armenian Bureau of Motor Insurers, ArmInfo reports.
22 June 2026ARMENIA: LIGA Insurance celebrates 18 years of operation and announces new stage of development
LIGA Insurance, one of the top three insurers in Armenia, is celebrating 18 years in the insurance market and announcing a visual identity update, marking a new stage of the company's development and the beginning of its international integration process, ArmInfo reports.
28 May 2026ARMENIA: Yerevan to host InsureTek Armenia 2026 international forum
The first-ever InsureTek Armenia 2026 international forum will be held in Yerevan on June 4, initiated and organized by the Armenian Motor Insurers' Bureau. The forum aims to position Armenia as a regional hub for professional dialogue and innovative collaboration in the insurance sector, ArmInfo reports, citing a statement from the Bureau.
19 May 2026ARMENIA: Agricultural insurance revives in 2026
After two years of inactivity, agricultural insurance in Armenia has revived in 2026, ArmInfo reports.
12 May 2026ARMENIA: Insurance sector tax payments rise nearly 62% y-o-y in 1Q2026
Four insurance companies – INGO, LIGA Insurance, Nairi Insurance, and Sil Insurance – has been included in the list of Armenia's top 1,000 taxpayers in the first quarter of 2026, according to data from the State Revenue Committee, ArmInfo reports.
4 May 2026STATISTICS: ARMENIA, 1Q2026: Motor insurance generates over 52% of total GWP
Armenia's insurance sector totaled AMD 21.46 billion (EUR 49.67 million) in the first quarter of 2026, up 2.57% year-on-year. In European currency, market growth was rather modest (+0.56%). Paid claims, however, saw double-digit growth (+23.11%), reaching AMD 12.63 billion (EUR 29.23 million), according to data of the Financial Rating of Insurance Companies provided by ArmInfo.
4 May 2026ARMENIA: MTPL loss ratio rises again at end of the first quarter
In the Armenian insurance market, MTPL loss ratio, after declining throughout 2025 from 81.8% to 76.3%, has begun to rise since 2026, reaching 79.6% by the end of the first quarter (vs 79% in 1Q2025), according to data from the Armenian Bureau of Motor Insurers, ArmInfo reports.
20 April 2026ARMENIA: Prime Insurance Brokers registered as an accredited Lloyd's broker
The Armenian firm Prime Insurance Brokers LLC—the country's first insurance and reinsurance broker (founded in 1995)—has officially obtained accreditation from Lloyd's and has been registered as an accredited Lloyd's broker.
23 March 2026ARMENIA: MTPL loss ratio reaches 80.2% in first two months of 2026
In the Armenian insurance market, MTPL loss ratio began to rise in 2026, reaching 80.2% in the first two months of the year (vs 77.5% in January–February 2025), following a decline throughout 2025 that saw it drop from 81.8% to 76.3%.
23 March 2026ARMENIA: All insurers in the country join the universal health insurance system
On February 25, a memorandum was signed in Yerevan between the Universal Health Insurance Fund and the rest three insurance companies – Nairi Insurance, Rego Insurance, and Armenia Insurance. Thus, all seven insurers operating in the country have joined the universal health insurance system, ArmInfo reports.
3 March 2026ARMENIA: Insurance sector net profit almost quadrupled in 2025
Armenia's insurance sector net profit in 2025 rose almost fourfold (vs a 71% decline a year ago), reaching AMD 2.9 billion (USD 7.7 million), ArmInfo reports.
23 February 2026STATISTICS: ARMENIA, FY2025: MTPL generates the largest share of premiums
The Armenian insurance sector grew by 17.08% in 2025, reaching AMD 84.73 billion (EUR 188.72 million). Paid claims rose by 11.53%, to AMD 48.91 billion (EUR 108.95 million). This enabled the annual net profit trend to shift from a decline to significant growth, according to data of the Financial Rating of Insurance Companies provided by ArmInfo.
23 February 2026ARMENIA: Memorandum of cooperation signed between the Universal Health Insurance Fund and insurance companies
A Memorandum of cooperation between the Universal Health Insurance Fund and the insurance companies: Ingo Armenia, EFES, Liga Insurance, and Sil Insurance was signed on February 9, in Yerevan, ArmInfo reports, citing the Fund.
18 February 2026ARMENIA: Life insurance to become a strategic growth direction for LIGA Insurance
Following the acquisition of 100% of the Armenian LIGA Insurance by the Austrian GRAWE Group and C-Quadrat Investment Group, life insurance will become a strategic growth direction for the insurer in the coming years, according to Vahagn Agavelyan, Deputy Executive Director of LIGA Insurance, ArmInfo reports.
9 February 2026
