Government is ready to share risks with agricultural insurers Friday, April 12 2024 13:38:00
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 ArmInfo.As part of a pilot program to introduce an agricultural insurance system, the Armenian government will not only subsidize insurance premiums, but will also compensate the costs of insurance companies if a certain threshold of insurance payments is exceeded. |
Thursday, April 11 2024 20:13
ArmInfo.The Asian Development Bank (ADB) intends to expand its areas of activity in Armenia. Luke Fochtman, Deputy Country Director of ADB (Asian Development Bank )Armenia Resident Mission stated this during a press conference on April 11, presenting the ADO (Asian Development Outlook). >>> |
Thursday, April 11 2024 13:02
ArmInfo.By changing the trademark from "INGO Armenia" to "INGO", the insurance company begins a new stage of its development. As stated in the official statement of INGO IC , the new "simplified" brand name reflects the company's desire to simplify the understanding of its services, to make insurance simple, transparent and reliable. "INGO's mission is to reduce risks and provide clients with the freedom to make confident decisions," the company said in a statement. >>> |
Thursday, February 22 2024 18:08
ArmInfo. From April 2024, the policyholders will be required to indicate the number of their bank account (card or current), or the account of their authorized representative in the CMTPL (Compulsory Motor Third Party Liability) agreement. This is noted in the message of the Motor Insurers' Bureau of Armenia received by ArmInfo. >>> |
Thursday, February 15 2024 17:53
ArmInfo. The net profit of the insurance sector of Armenia dropped by 33% in 2023, after a 4.5-fold increase in 2022. "This resulted from higher reimbursement growth of 30% with a modest 17% increase in premiums. >>> |
Wednesday, February 7 2024 17:10
ArmInfo.The EAEU countries must ensure that citizens of member states, while staying in another country of the Union, can receive medical care without thinking about what to pay, Academician of the Russian Academy of Sciences Gennady Onishchenko stated during a video conference Moscow-Astana-Bishkek-Yerevan-Minsk on the topic: "Biosecurity of the EAEU countries." >>> |
Tuesday, February 6 2024 19:43
ArmInfo.In case of having diseases included in the list established by the RA Government, based on the conclusion issued by the Ministry of Health, the participants have the right to submit a claim to receive the funds in their pension account in full any time, including before turning their pension age, the press service of the RA NA reports. >>> |
Monday, January 22 2024 11:25
ArmInfo.Chaired by Prime Minister Nikol Pashinyan, a consultation was held in Jermuk, during which the works and further steps towards the introduction of comprehensive health insurance were discussed. >>> |
Tuesday, January 16 2024 21:00
ArmInfo. In case of fulfillment of certain conditions by drivers in Armenia, the amount of fines for the absence of an insurance contract will be reduced 4-fold. At the plenary session on January 16, the National Assembly of the Republic of Armenia introduced amendments to the Code of Administrative Offenses in the second and final reading. >>> |
Friday, December 15 2023 14:07
ArmInfo.By December 1, 2023, the loss ratio for Compulsory Motor Third Party Liability (CMTPL) in the insurance market of Armenia, increased to 70% from last year's 65%, according to the data from the Motor Insurers' Bureau of Armenia. An increase in the coefficient began to be noticed in April of this year against the background of the transition to the liberalization of PPP tariffs. >>> |
Friday, December 8 2023 15:08
ArmInfo.In Armenia, the procedure for submitting documents to the RA Police on concluding an agreement on Compulsory Motor Third Party Liability (CMPTL) for fined drivers will be simplified. At the plenary session on December 8, the National Assembly of the Republic of Armenia is discussing amendments to the Code of Administrative Offenses in the first reading. >>> |
Monday, December 4 2023 17:41
ArmInfo. In Armenia, the procedure for submitting documents to the RA Police on concluding an agreement on Compulsory Motor Third Party Liability for fined drivers will be simplified. At a meeting on December 4, the RA National Assembly Standing Committee on Defense and Security issued a positive opinion on the draft amendments to the Code of Administrative Offences. >>> |
Thursday, November 16 2023 15:09
ArmInfo. The loss ratio of motor third-party liability insurance (MTPL insurance) was 68% as of November 1, 2023, against 64% last year, in the first quarter of 2022, Armenian Motor Insurers Bureau. >>> |
Wednesday, November 15 2023 16:48
ArmInfo. In the Armenian insurance market, compensation growth continues to accelerate, while premium growth has slowed, as a result of which market profits have begun to decline, according to the data of the anniversary issue No.75 of the Financial Rating of Insurance Companies of Armenia as of September 30, 2023, prepared by ArmInfo IC based on published reports and portfolio data requested from the insurance companies. >>> |
Wednesday, October 18 2023 14:30
ArmInfo. In the insurance market of Armenia, the loss ratio for Compulsory Motor Third Party Liability (CMPTL) continues to grow, up to 66% as of October 1, 2023, from last year's 64%, according to the data from the Motor Insurers' Bureau of Armenia. >>> |
Monday, October 9 2023 16:06
ArmInfo.The EFES Insurance CJSC has de facto returned to the Armenian market. Having registered with the Central Bank at the end of July this year, EFES Insurance CJSC managed to establish partnerships with six banks and the largest leasing company in Armenia as well as with a number of travel agencies, by October. In total, 51 organizations already act as insurance agents of EFES, including ACBA Bank, Converse Bank, Araratbank, Evokabank, Inecobank, Byblos Bank and ACBA Leasing. >>> |
Monday, September 18 2023 16:22
ArmInfo.In the insurance market of Armenia, the loss ratio for Compulsory Motor Third Party Liability (CMPTL) is slowly starting to increase year-on- year, from 63% to 65% by September 1, 2023, noticeably higher than the pre-Covid 69% in Jan-August 2019. >>> |
Monday, September 4 2023 16:59
ArmInfo.In the Armenian insurance market, the CMPTL loss ratio has been at the level of 64% for a year now, which is much lower than 79% in Jan-July 2021 and the pre-Covid 72% in the same period of 2019. >>> |
Friday, July 14 2023 16:58
ArmInfo. The loss ratio of motor third-party liability insurance (MTPL insurance) was 64% in the first half of 2023 against 65% in the first half of 2022, and 81% in 2021and 73% in 2019. This was accompanied by a liberalization of MTPL prices and slightly lower rates of a 2-digit annual increase in the number of MTPL insurance contracts from 19.7% down to 16.3%, and a slower % increase in insurance premiums, from 21.4% down to 6.5%. A 9.8% increase in insurance indemnities (up to $10.7mln) was recorded against an 8.7% decrease. >>> |
Wednesday, May 17 2023 19:36
ArmInfo. The loss ratio for CMPTL in Armenia in January-April 2023 decreased to 62% from 67% in January-April 2022, being much lower than the pre-Covid 73% in January- April 2019. >>> |
Wednesday, April 26 2023 18:37
ArmInfo.The list of 1000 largest taxpayers in Armenia in Q1 2023 included 3 insurance companies out of 6 operating ones. According to the data of the State Revenue Committee, the list includes Liga Insurance, Nairi Insurance, and INGO Armenia. >>> |
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