Friday, September 29 2017, 20:15
ArmInfo. INGO Armenia Insurance Company is a system- forming, client-oriented, sustainable, and one of the most developed in terms of innovation. 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 SPC Ingosstrakh, said.
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Wednesday, September 27 2017, 16:28
ArmInfo. Successful business forges for years, leaving behind itself the difficult years of becoming. And from what principles were used as the basis of this process, what mission accompanied and guided the company in the process of its growth, this is the result of achieving a qualitative maturity. These days, INGO Armenia, one of the most successful insurance companies in the country, celebrates its 20th anniversary. And she began with the idea that appeared in a small company of like-minded people who decided to start an insurance business in the country in the classical sense. So was born in 1997, an insurance company called "Efes", denoting a medieval cold weapon with an obligatory attribute of security - a guard designed to protect the hand. For many years, the company was led by its co-owner Levon Altunyan, a medical student who apparently failed to deny the new Prime Minister Karen Karapetyan an invitation to head the Ministry of Health for the sake of major systemic changes in the field of national health. The company was headed by his youngest comrade, like-minded person who has worked in the company since the beginning of the 2000s, having studied at Cambridge University, Arevshat Meliksetyan. We asked him for a meeting to talk about the company's path, the situation in the insurance market and its prospects. The company you led was one of the first companies in the Armenian insurance market. And you joined her pretty early. Could you briefly describe the path that has been taken? After all, the market grew with great difficulties and huge numerical losses. How did "Ephesus" manage not just to survive, but by attracting a large strategic investor, to become a leading player in the market?
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Tuesday, September 26 2017, 12:53
ArmInfo. With the introduction of a system of direct reimbursements in Armenia, the gap in the average size of the insurance payment for OSAGO has narrowed significantly - from the previous 150-210 thousand drams to the current 178-198 thousand drams. Vahan Avetisyan, executive director of the Armenian Auto Insurers' Bureau, explained in an interview with ArmInfo correspondent that this is because the principles and approaches of insurance companies to the damage assessment became more similar.
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Tuesday, September 26 2017, 11:54
ArmInfo. In 2018, a mobile version of the registration of insurance cases for the Euro-protocol (according to the simplified scheme) will be introduced to maximize the convenience of drivers when registering accidents. Vahan Avetisyan, Executive Director of the Armenian Auto Insurers' Bureau, told ArmInfo correspondent that at present the application is at the stage of registration of the technical assignment. As a result, drivers with an independent registration of an insurance event will have a choice in which version to fill out a questionnaire - paper or mobile.
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Friday, August 4 2017, 17:55
ArmInfo. The Central Bank of Armenia issued a license to RESO Insurance Company for two new classes - aviation insurance and liability from its use. As the press service of the Central Bank of Armenia told ArmInfo, the decision was made on August 4 at a meeting of the Council of the Central Bank.
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Tuesday, August 1 2017, 12:01
ArmInfo. The share of retail insurance in the portfolios of premiums of Armenian insurers for the first half of 2017 was 54.6% (9.3 billion drams), corporate - 45.4% (7.7 billion drams). At the same time, the capacity of the retail insurance market improved the annual trend from negative 3.9% to positive 2.7%, while the growth rate of corporate insurance accelerated from 7.3% to 8.5%.
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Tuesday, August 1 2017, 11:16
ArmInfo. The share of retail insurance in the portfolios of premiums of Armenian insurers for the first half of 2017 was 54.6% (9.3 billion drams), corporate - 45.4% (7.7 billion drams). At the same time, the capacity of the retail insurance market improved the annual trend from negative 3.9% to positive 2.7%, while the growth rate of corporate insurance accelerated from 7.3% to 8.5%.
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Monday, July 31 2017, 16:49
ArmInfo. The premiums of Armenian insurance companies declined by 22.8% in Q2 of 2017, with declines of 10.2%. In the first half of the year, the annual growth of insurance premiums was much more modest - 4.7%, rather than payments - 30.5%. By July 1, 2017, the total volume of insurance premiums was 16.6 billion drams, and the amount of insurance indemnities - 8.1 billion drams (figures are from the reports of IC on IFRS standards). According to the Ranking of insurance companies of Armenia prepared by ArmInfo News Agency, as a result of this the insurance system summed up the first half of 2017 with a net profit of 1.3 billion drams with a quarterly growth of 44.6%, with an annual decline of 51.6%. According to reports of SC portfolios on CBA standards, insurance premiums totaled 16.98 billion drams (an annual growth of 5.3%), and compensation - 8.02 billion drams (annual growth of 17.7%). The decline in fees during the reporting period was recorded in 2 out of 6 companies operating in the insurance market of Armenia, while the decline in compensation was observed in the 1 st.
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Thursday, June 15 2017, 14:46
ArmInfo. The company "Rosgosstrakh Armenia" summed up the results of the contest for students. As the press service of the company informed ArmInfo, the winner was the graduate of Yerevan State University, the student of the magistracy of the American University in Armenia, Sinara Gharibyan. She, having received an invitation to work from Rosgosstrakh Armenia, noted that thanks to the competition she managed to gain profound knowledge and to believe in her own strength.
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Thursday, May 25 2017, 15:41
ArmInfo. Armenian office of Finance Ombudsman pretty effectively resolves disputes between natural persons and financial organizations. Such an opinion was expressed by the qualified Italian mediator Corrado Mora on May 25, answering a question from ArmInfo, who arrived in Yerevan on May 25-26 at the annual 7th conference on "Strengthening public confidence to Finance Ombudsman Institute and increasing the role of financial intermediation."
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Tuesday, May 16 2017, 11:26
ArmInfo. Share of retail insurance in portfolios of premiums of Armenian insurers on the basis of Q1 2017 was 52.1% (4.96 billion AMD), corporate - 47.9% (4.6 billion AMD).
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Monday, May 15 2017, 13:43
ArmInfo. Interview of IA ArmInfo with Deputy Executive Director of "Sil Insurance" Levon Mamikonyan
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Monday, May 15 2017, 12:28
ArmInfo. Armenian insurers in Q1 2017 compensated 4.2 billion AMD or $ 8.6 million for various classes (figures are given from the reports of the portfolios of the IC according to ACB standards). On an annual basis, insurers' refunds increased by 13.8%, versus growth for 13.4% a year ago.
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Monday, May 15 2017, 10:42
ArmInfo. The premiums of Armenian insurance companies grew for 3.1% during Q1 2017, with amends' increase only for 0.7%. At the same time, insurance premiums fell by 1.1%, with an increase in payments by 32.6%. By April 1, 2017, the total volume of insurance premiums amounted 9.4 billion AMD, and the amount of insurance indemnities - 4.3 billion AMD (figures from the reports of the IC on IFRS standards).
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Thursday, May 11 2017, 17:39
ArmInfo. ArmInfo IA interview with Vahan Avetisyan, the Chief Executive of Armenian Bureau of Motor Insurers
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Friday, May 5 2017, 23:17
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Thursday, April 20 2017, 13:14
ArmInfo. VTB Bank (Armenia) as an agent of leading insurance companies offers beneficial insuring products, the clients can get in the Bank without visiting the insurance companies' offices, Bank's press-service informed ArmInfo.
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Thursday, April 13 2017, 14:12
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Wednesday, April 5 2017, 14:55
ArmInfo. From April 2017 new conditions of CVI insurance indemnifications are enforced in Armenia. As Vahan Avetisyan the director of Armenian Motor Insurance Bureau has stated earlier, in 2016 all the necessary technical and procedural backgrounds were created so that from April 2017 CVI insurance certificates holders could receive indemnifications from their insurance company.
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Wednesday, February 15 2017, 19:30
ArmInfo. Based on the results of 2016, the share of retail insurance in premium portfolios of Armenian insurers formed 57% (AMD 18,8 bln), and the corporate insurance share made 43% (AMD14,1 bln).
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