Wednesday, March 7 2018, 16:07
ArmInfo. At present, the Armenian Ministry of Health is not ready to name the deadlines for the gradual introduction of compulsory health insurance (OMI). "The issue is on the agenda of the government," Deputy Minister Samvel Margaryan said at a meeting with journalists on March 6, answering the question of ArmInfo, urging not to be fixed on specific terms. Meanwhile, it was previously reported that from the second half of 2018 the social package will cover the most unsecured segments of the population - 612 thousand people, to which, after a year, all the others should join.
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Tuesday, March 6 2018, 19:58
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Tuesday, March 6 2018, 19:30
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Friday, February 9 2018, 14:47
ArmInfo. Lately complaints have been received from consumers and mass media in the Armenian Auto Insurers' Bureau that some insurance agents call and offer to conclude an OSAGO(Third party liability insurance) contract with the insurance company with which these consumers did not have and do not have an OSAGO contract. According to the press service of the Bureau of Motor Insurers of Armenia.
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Thursday, February 8 2018, 17:12
ArmInfo. The share of retail insurance in the portfolios of premiums of Armenian insurers amounted to 56.1% (19.6 billion AMD), corporate - 43.9% (15.3 billion) in 2017. At the same time, the capacity of the retail insurance market accelerated the upward trend to 4.5% from 0.2% in 2016, and, at the same time, corporate insurance growth slowed to 8.5% from 12.1% in 2016. Before the introduction of OSAGO in Armenia, as well as compulsory individual health insurance of state employees, the share of corporate insurance significantly prevailed over retail.
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Thursday, February 8 2018, 13:48
ArmInfo. Armenian insurance companies reimbursed 17.8 billion drams or $ 36.7 million for various classes in 2017 (figures are presented from reports of SC portfolios according to CBA standards).
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Wednesday, February 7 2018, 14:52
ArmInfo. The premiums of Armenian insurance companies for the year 2017 slowed the growth rate to 5.7% from 6.8% in 2016, against which the refinancing improved the dynamics with the exit from the 13.7% decline by 30.4% growth. By January 1, 2018, the total volume of insurance premiums amounted to 34.1 billion AMD, and the amount of insurance indemnities - 18.6 billion AMD (figures are given from the reports of the IC by IFRS standards).
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Tuesday, February 6 2018, 17:53
ArmInfo. At the end of 2017 at the meeting of the Armenian parliament in the first reading amendments were made to the RA Civil Code concerning restriction of the rights of commercial banks and credit organizations of Armenia in the accrual of fines and penalties. To learn more about the specifics and consequences that these changes can bring with them, ArmInfo talks to the Financial Ombudsman of Armenia, Mrs. Piruz Sargsyan.
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Friday, February 2 2018, 19:13
ArmInfo. In Armenia, the visit of international experts selected by the KfW bank is expected, with which it is planned to develop further steps to insure agriculture and fix specific dates. This was stated by the Minister of Agriculture of Armenia Ignaty Arakelyan on February 2 during a meeting with representatives of insurance companies.
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Wednesday, January 24 2018, 16:53
ArmInfo. Following the results of 2017 with mediation of the financial ombudsman, financial organizations paid compensations worth 181.3 million drams. Finombudsman of Armenia Piruz Sargsyan said this on January 24 during the final press conference timed to the 9th anniversary of the office of the financial reconciler in Armenia.
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Wednesday, December 27 2017, 21:47
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Wednesday, December 13 2017, 14:14
ArmInfo. On-line payment of the Osago (compulsory third party motor liability insurance) is now available through payment terminals, according to the Bureau of Armenian Auto Insurers.
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Tuesday, November 7 2017, 14:37
ArmInfo. The volume of accrued insurance premiums for compulsory motor third party liability insurance amounted to 13.9 billion AMD in the first 9 months of 2017, an increase of 4.6% over the year, versus growth of 1.7% a year ago. At the same time, the volume of insurance claims paid was 8.2 bln AMD, with a sharp output of the annual dynamics from a 1.6% decline to a 34.4% increase. This is evidenced by monthly reports published by the Bureau of Motor Insurers of Armenia on OSAGO.
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Friday, November 3 2017, 18:23
ArmInfo. The share of retail
insurance in the portfolios of premiums of Armenian insurers for the
9 months of 2017 amounted to 57.1% (14.02 billion drams), corporate -
42.9% (10.5 billion drams). At the same time, the capacity of the
retail insurance market improved the annual trend from minus 0.2% to
plus 3.5%, along with the rate of growth of corporate insurance
accelerated from 0.9% to 4.2%. Before the introduction of OSAGO in
Armenia, as well as compulsory individual health insurance of state
employees, the share of corporate insurance significantly prevailed
over retail.
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Friday, November 3 2017, 16:20
ArmInfo. Armenian insurance companies refunded 11.98 billion drams for the 9 months of 2017 or $ 25.1 million for the various classes (figures are presented from the reports of the portfolios of the CB according to the standards of the Central Bank of Armenia). On an annual basis, insurers' reimbursements increased by 19.3%, against growth of 4.8% a year earlier. At the same time, the Armenian insurance premiums recorded an annual growth of 3.8% - up to 24.6 billion AMD or $ 51.3 million, against growth of 0.3% a year earlier. According to the Ranking of Insurance Companies of Armenia, prepared by IA ArmInfo, five companies provided annual growth of payments, the largest in RESO insurance companies - by 61.8% and Nairi Insurance - by 52.4%, and the only annual decline was fixed from Rosgosstrakh Armenia Insurance Company - by 0.6%.
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Friday, November 3 2017, 14:37
ArmInfo. The premiums of Armenian insurance companies for the III quarter of 2017 improved the dynamics with the exit from the 22.8% decline to 1.8% growth (against 15.1% growth in Q3 2016), with a similar picture of compensation - of the 10.2% decline in the 11.5% growth (against 19.6% growth in the third quarter of 2016).
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Wednesday, November 1 2017, 14:24
ArmInfo. The Bureau of Motor Insurers of Armenia notifies the car owners about a new possibility - now the contract of OSAGO with any insurance company can be concluded also in on-line mode and in this case the insurance policy is drawn up at a 5% discount. ArmInfo was informed about it by the Bureau of Motor Insurers.
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Thursday, October 5 2017, 13:09
ArmInfo.Automation of all OSAGO processes is actively underway in Armenia. For 7 years since the introduction of compulsory motor insurance to this day, many steps have been taken to improve not only this segment, but also the insurance market as a whole. As a result, for 2011-2016, the premiums on compulsory motor third party liability insurance increased by 22% to 18.2 billion drams, holding the dominant in both the portfolio of fees and payments. The number of vehicles with the contract for compulsory motor third party liability insurance increased for the period from 2012-2016 from 390,266 to 468,171 units, and the loss ratio for OSAGO from 74% decreased to 55.3%. But only in 2016, loss-making increased by 2.3% due to the introduction of the euro-mechanism mechanism since March, and the continuation of growth in 2017 to 61.7% in August was due to the transition from April to a system of direct reimbursements. Taking into account the impact of these changes on OSAGO processes, the loss ratio for this class by the end of 2017 is projected in the range of 65-68%. But the development of the insurance market of the Republic of Armenia is not limited only by the internal changes in the procedures. For more than a year the Green Card Bureau has been discussing the process of Armenia's possible membership in the system of international motor third party liability insurance. Vahan Avetisyan, Executive Director of the Bureau of Motor Insurers of Armenia, spoke in more detail about the situation on the segment of compulsory motor TPL insurance and development prospects in a conversation with ArmInfo correspondent.
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Friday, September 29 2017, 20:32
ArmInfo. Taking into account the very progressive approach taken by Armenia as a basis for implementing the MLA, in 2-3 years an economically effective risk model of medical insurance will develop in the country. Such an opinion on September 29 at a press conference timed to the 20th anniversary of INGO Armenia Insurance Company, Tatiana Kaygorodova, Deputy General Director of IPJSC Ingosstrakh, said.
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Friday, September 29 2017, 20:28
ArmInfo. On September 29, Armenian Prime Minister Karen Karapetyan received the General Director of the Russian IPJSC Ingosstrakh, Mikhail Volkov, and discussed issues related to further development of the insurance market.
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