ArmInfo. Ardshinbank provides users of the Mobile Banking application with the opportunity to conclude a CMTPL (Compulsory Motor Third Party Liability) contract in 3-4 minutes.

ArmInfo.. For 9 months of 2018, Armenian insurers reimbursed more than 16.5 billion AMD or $ 34.2 million in different classes (figures are brought from the reports of  Insurance Companies portfolios according to the standards of the  Central Bank of Armenia).

ArmInfo. The premiums of Armenian insurance companies for the third quarter of 2018 improved the dynamics with a recovery of 5.8% from the 43.5% decline (against  1.8% growth in the third quarter of 2017), with a similar picture of  refunds - from a 7.3% decline by 26.7% growth (against 11.5% growth  in the third quarter of 2017).

ArmInfo. The share of retail insurance in the portfolios of premiums of Armenian insurers in the first 9 months of 2018 was 49.7% (15.2 billion AMD), corporate  insurance share was 50.3% (15.4 billion AMD), versus 57.1% and 42.9%   respectively a year earlier.

ArmInfo.

ArmInfo. The security service of the insurance company "ROSGOSSTRAKH ARMENIA" is taking active steps to curb and uncover insurance frauds. As the press service of ROSGOSSTRAKH ARMENIA insurance company told ArmInfo, the company has introduced a system to detect signs of fraud, thanks to which a  significant number of attempts are suppressed at the stage of claims  settlement. Employees of the company are subjected to a thorough  analysis of all cases in which there are signs of fraud.

ArmInfo. The Armenian Motor Insurers' Bureau warns car owners that from now on, the Road Police will be notified when an accident is registered in accordance with  the European Accident Statement about the side of the accident that  does not have Compulsory Motor Third Party Liability Insurance  (CMTPL) .

ArmInfo.

ArmInfo.In the first half of 2018 as compared with the same period of 2017 Armenia's insurance companies registered a 30,6% growth in premiums amid 30,1% growth in  compensation. A year earlier premiums demonstrated only 4,7% growth  amid 30,5% growth of compensaitons. In Q2 alone, the dynamics of  premiums deteriorated to 43,5% decline versus 36,1% growth in Q1 amid  sharp slackening of compensations decline to 7,3% from 22,2% in Q1,  amid 22,8% decline and 10,2% decline in Q2 2017 respectively.  

ArmInfo. The share of retail  insurance in the portfolios of premiums of Armenian insurers for the  first half of 2018 was 44.7% (9.8 billion drams), corporate insurance  - 55.3% (12.2 billion drams). At the same time, year-over-year growth  of retail insurance accelerated from 2.7% to 6%, while the  acceleration rate of corporate insurance growth increased sharply  from 8.5% to 58.2%.  Before the introduction of CMTPL in Armenia, as  well as obligatory individual health insurance of state employees,  the share of corporate insurance significantly prevailed over retail  one. 

ArmInfo. In Armenia, the loss ratio by July 1, 2018 increased in the compulsory motor third party liability insurance and in health insurance, and decreased for KASKO.  According to Ranking of insurance companies of Armenia as of  30.06.2018, prepared by IC ArmInfo, the loss ratio for compulsory  motor third party liability in the average for the market increased  from 55.6% to 67% per annum, for medical insurance - from 41.7% to  42.5%, and for KASKO fell from 78.6% to 70.6%.

ArmInfo. The Armenian insurers in the first quarter of 2018 reimbursed 5.7 billion drams or $ 11.9 million for various classes (figures are presented from the reports of the portfolios of the CB according to the standards of the Central Bank of Armenia).

ArmInfo. The premiums of Armenian  insurance companies increased by 47.9% per annum in the 1st quarter  of 2018, with an increase in indemnities of 26%, while a year earlier  premiums were in a 1.1% decline, and payments showed a higher growth  - 32.6% %.

ArmInfo. The share of retail  insurance in premiums of Armenian insurers in the first quarter of  2018 amounted to 36.8% (5.2 billion AMD), corporate - 63.2% (8.9  billion).

ArmInfo. In Armenia, the ratio of  unprofitability by April 1, 2018 increased by OSAGO, and by CASCO,  and by voluntary medical insurance - decreased. According to Ranking  of insurance companies of Armenia prepared by NA ArmInfo, as of  31.03.2018, the loss ratio for OSAGO insurance in the average on the  market increased from 56% to 62.9% per annum, and the decrease was  recorded by CASCO - from 77% to 66.4 % and on medical insurance -  from 42,7% to 25%.

 In recent years, payment business in Armenia shows unprecedented growth. This is facilitated by significant progress in its technological development, a high level of competition and quantitative and qualitative growth in the number of players. One of the leaders is EasyPay, which recently entered the market and already enveloped it not only with a large network of its payment terminals, but also offered a number of original technological and mobile solutions. About the development of the payment systems market in Armenia and its features, the correspondent of ArmInfo was asked to tell the director of EasyPay company Mher Arakelyan.

ArmInfo. According to the company's data, the loss ratio for compulsory motor third party liability insurance increased by almost 11 percentage points in 2017, making about 66%.

ArmInfo. For 3 months already at the initiative of the Bureau of Motor Insurers of Armenia, on-line purchases of OSAGO-policies are functioning. But this service has so far benefited only 2-3% of car owners. Answering the question of ArmInfo during the press conference on March 30 said the executive director of the Bureau of Motor Insurers of Armenia Vahan Avetisyan. "This is an extremely unsatisfactory indicator," he stressed.

ArmInfo. The number of complaints filed with the Finance Ombudsman office for OSAGO will gradually decrease, believes Vahan Avetisyan, executive director of the Armenian Auto Insurers' Bureau. He said this on March 30 at a press conference.

ArmInfo. The loss ratio for  OSAGO by the end of 2018 will be about 70%. This forecast was  presented by the executive director of the Armenian Insurers' Bureau  Vahan Avetisyan in a conversation with ArmInfo correspondent on March  30.