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Insurance news

· 17:04 16.04.2012
Compulsory medical insurance of government employees necessitates compulsory insurance of doctors' professional liability
ArmInfo. The compulsory medical insurance of government employees in the framework of the Armenian Government's "Social Package" program necessitates the compulsory .....

· 16:13 10.04.2012
Rosgosstrakh Armenia Company alarms of fast growth of road accidents
ArmInfo. Rosgosstrakh Armenia Insurance Company alarms of fast growth of road accidents in Armenia amid under-collection of MTPL insurance premiums. The company's press-service .....

· 23:03 26.03.2012
Profit of insurance market of Armenia up more than fourfold in 2011
ArmInfo. In 2011 the aggregate net profit of the Armenian insurance companies amounted to 2.4 bln AMD or $6.2 mln, .....

· 22:57 26.03.2012
Average monthly salary of insurance company employee in Armenia is 305,400 AMD or $792
ArmInfo. The average monthly salary of an insurance company employee in Armenia is 305,400 AMD or $792. In 2011 .....

· 21:10 23.03.2012
In 2011 payments of 8 Armenian insurers grew almost fivefold to 8.1 bln AMD
ArmInfo. Over 2011 the insurance payments of 8 Armenian insurance companies grew almost fivefold to 8.125 bln AMD ($21 mln) .....

· 20:31 23.03.2012
In 2011 aggregate portfolios of Armenian insurers grew more than threefold to 22.4 bln AMD
ArmInfo. In 2011 the summary volume of insurance premiums collected by 8 insurance companies of Armenia amounted to .....

· 16:34 14.03.2012
HSBC Bank Armenia introduces a new service - card insurance
ArmInfo. HSBC Bank Armenia cjsc introduced a new card insurance service to the market today. The service is aimed at protecting ATM and MasterCard .....

· 19:35 12.03.2012
Ara Babloyan: Compulsory medical insurance to considerably reduce corruption risks
ArmInfo. Compulsory medical insurance will considerably reduce the corruption risks, Chairman of the Armenian Standing Parliamentary Commission on Healthcare, Maternity and Childhood, Ara .....

· 19:39 28.02.2012
Own capital of Armenia's insurance companies up 30% in 2011
ArmInfo. In 2011 the own capital of Armenia's eight insurance companies grew by 29.4% to 15.1bln AMD or $39.1mln. In Q4 2011 the .....

· 16:44 28.02.2012
Insurance assets of Armenian companies up 23,4% to $82.1 mln in 2011
Arminfo. The aggregate assets of the eight functioning insurance companies grew by 23,4% up to 31.7 bln drams ($82.1 mln) in .....

· 17:06 25.02.2012
Armenian finance minister urges state officials to make an independent choice
ArmInfo. Armenian Finance Minister Vache Gabrielyan urges the state officials to independently choose an insurance company under the "social package" program .....

· 20:47 24.02.2012
Program of medical insurance of state employees "to pull up" infrastructure of medical establishments
ArmInfo. The program of medical insurance of state employees will "pull up" the infrastructure of medical establishments within a .....

· 16:10 24.02.2012
INGO Armenia and Cascade Insurance announce start of merger process
Arminfo. INGO Armenia Insurance Company and Cascade Insurance Company announced the start of their merger process in a press conference on .....

· 17:36 15.02.2012
Under program of social package for state officials, RESO insurance company concludes several dozens of contracts
ArmInfo. Under the program of the social package for state officials, RESO insurance company has already .....

· 17:38 01.02.2012
Share of Rosgosstrakh Armenia in insurance market reaches almost one/third
ArmInfo. The share of Rosgosstrakh Armenia Insurance Company in the insurance market has reached almost one/third, Gagik Grigoryan, Executive Director of Rosgosstrakh Armenia .....

· 16:21 01.02.2012
Non-mandatory types of insurance to inevitably develop in Armenia
ArmInfo. The non-mandatory types of insurance will inevitably develop in Armenia, Vice President of Rosgosstrakh Group Rafael Minasbekyan said at a press .....

· 19:49 26.01.2012
Rosgosstrakh Armenia proclaimed as one of the best partners of Armenia's Financial Ombudsman for second consecutive year
ArmInfo. The Rosgosstrakh Armenia insurance company has been proclaimed as one of the best partners of Armenia's .....

· 17:34 24.01.2012
RESO relieves its customers of red-tape
ArmInfo. RESO insurance company is simplifying the procedure of conclusion and service of motor third partly liability insurance agreements, CEO of RESO Samvel Grigoryan said at today's .....

· 16:59 24.01.2012
RESO: Over one-fourth of Armenian drivers have not yet signed a motor third party liability insurance contract
ArmInfo. Over one-fourth of the Armenian drivers have not yet signed a motor third party liability insurance .....

· 16:42 11.01.2012
The amount of financial and insurance services provided in Armenia in 2011 grew by 9.6%
ArmInfo. The amount of financial and insurance services provided in Armenia in Nov 2011 grew by 9.6% as compared .....

· 16:39 20.12.2011
Unibank and RESO credit company provide car owners with an opportunity to receive CASCO on credit
ArmInfo. In partnership with RESO, one of the leading insurance companies of the Armenian market, Unibank .....

· 21:18 16.12.2011
Central Bank of Armenia reissues RASCO's license due to cancellation of two insurance classes
ArmInfo. The Central Bank of Armenia has decided to reissue RASCO's license due to the cancellation of two insurance .....

· 14:45 14.12.2011
Nairi Insurance Company opens 7 sales offices at Yerevan-City supermarkets and 5 representative offices
ArmInfo. Nairi Insurance Company has opened 7 sales offices at Yerevan-City supermarkets, one of the biggest chains of supermarkets .....

· 19:33 13.12.2011
Loss ratio of compulsory motor third-party liability insurance in Armenia reached 54% in late Nov 2011
ArmInfo. In Jan-Oct 2011 Armenia's insurance companies paid 4.8bln AMD in compulsory motor third-party liability insurance compensation. According .....

· 19:09 13.12.2011
Rosgosstrakh Armenia receives Moody International's quality management certificate
ArmInfo. Rosgosstrakh Armenia has been granted Moody International's quality management certificate. The press service of Rosgosstrakh Armenia reports that the certificate confirms that the company's quality management .....

· 20:51 09.12.2011
INGO Armenia: "Tired" taxi drivers are responsible for each second road accident in Yerevan
ArmInfo. "Tired" taxi drivers, driving old cars round-the-clock, are responsible for each second road accident in Yerevan, Deputy CEO .....

· 20:51 09.12.2011
INGO Armenia is planning to open offices in all cities of Armenia
ArmInfo. In 2012 INGO Armenia is planning to open offices in all cities of Armenia, says Deputy CEO of INGO Armenia Arevshat .....

· 14:50 09.12.2011
Assets of Armenia's insurance companies total 28.8bln AMD or $77.4mln
ArmInfo. The assets of the eight insurance companies of Armenia grew by 65.3% as compared with Oct 1 2010 and dropped by 2.2% in .....

· 15:28 08.12.2011
In Jan-Sept 2011 own capital of Armenia's insurance companies grew by 31.4%
ArmInfo. The own capital of the eight insurance companies of Armenia grew by 38.8% as compared with Oct 1 2010, by 31.4% .....

· 14:00 08.12.2011
OSAGЋ increases insurance payments of Armenian insurers almost fivefold up to $14 mln
Arminfo. The insurance payments of Armenian insurers grew almost fivefold for a year and reached 5.2 bln drams ($14 mln) as .....

· 21:26 07.12.2011
MTPL (OSAGO) allows Armenian insurance companies to raise total portfolio almost 4-fold
ArmInfo. Insurance companies of Armenia collected premiums in the amount of 18.677 bln drams ($50.2 mln) with a 4fold growth versus 9 .....

· 15:58 06.12.2011
OSAGO of insurance company "Rosgostrakh Armenia" may be executed at «Areximbank- Gazprombank Group» in on:line regime
Arminfo. From now on, the Motor Third Party Liability Insurance (OSAGO) policy of the insurance company "Rosgostrakh Armenia" .....

· 20:11 01.12.2011
Compulsory motor third-party liability insurance has changed Armenian drivers' attitude towards insurance
ArmInfo. Compulsory motor third-party liability insurance has changed the Armenian drivers' attitude towards insurance: now their road accident-related conflicts are solved in .....

· 14:24 01.12.2011
In Q3 2011 premiums of Armenian insurance companies grew by 15.8%
ArmInfo. In Q3 2011 the premiums of the eight Armenian insurance companies grew by 15.8% to 3.1bln AMD. The National Statistical Service of Armenia .....

· 15:30 11.11.2011
In Jan-Oct 2011 Rosgosstrakh Armenia paid 2bln AMD in insurance compensation
ArmInfo. In Jan-Oct 2011 Rosgosstrakh Armenia paid almost 2bln AMD in insurance compensation. According to the press service of Rosgosstrakh Armenia, since the adoption .....

· 16:27 10.11.2011
Now RESOMED program on individual health insurance has a new dental component
ArmInfo. Now RESOMED program on individual health insurance of RESO insurance company has a new dental component "Healthy Tooth". The press service .....

· 14:20 09.11.2011
Insurance company "Nairi Insurance" launches programme of individual medical insurance
ArmInfo. The insurance company "Nairi Insurance" is launching a programme of individual medical insurance, executive director of the company, Gor Khachatryan, told Arminfo correspondent. .....

· 18:27 14.10.2011
MTPL loss ratio will become critical till late 2011: Head of INGO Armenia Insurance Company
.....

· 18:27 14.10.2011
INGO Armenia: Share of insurance in GDP may reach 12% in Armenia
ArmInfo. The share of insurance premiums in GDP may reach 12% within 7-8 years without any additional burden on the budgets of .....

· 17:39 13.10.2011
Nairi Insurance: In autumn the average growth in motor third party liability payments to be 10-13%
ArmInfo. In autumn the average growth in motor third party liability (MTPL) payments will be .....

· 15:19 13.10.2011
Professional insurance community of Armenia determines its leaders of 2011
ArmInfo. The professional insurance community of Armenia has determined its worthy competitors. As a result of a cross public opinion poll among .....

· 12:44 08.10.2011
Monthly salary of an employee of Armenia's insurance system averaged $611 in Jan-June 2011
ArmInfo. The monthly salary of an employee of Armenia's insurance system averaged 255,500 AMD or $611 in Jan-June 2011 - .....

· 13:12 07.10.2011
Over Q2 2011 Nairi Insurance signed the biggest number of contracts on motor third party liability insurance
ArmInfo. Over Q2 2011, Nairi Insurance signed the biggest number contracts on motor third party liability .....

· 13:11 07.10.2011
Armenian insurance companies complete first half-year with a profit 1.981 bln drams
Arminfo. The net profit of the insurance companies of Armenia for the first half of 2011 amounted to 1.981 bln drams or .....

· 13:11 07.10.2011

Over Q2 2011 seven Armenian insurers concluded 76,765 contracts
ArmInfo. Over Q2 2011, seven Armenian insurers concluded 76,765 contracts. According to the Ranking of Insurance Companies of Armenia by the Agency of .....

· 13:10 07.10.2011
Armenian insurers collect 2.6 bln drams premiums for Q2 2011
ArmInfo. Seven Armenian insurance companies collected 14.516 bln drams ($39.3 mln) premiums for the first half of 2011, with corporate insurance totaling 27.4% and .....

· 18:41 04.10.2011
Stockholder equity of Armenian insurance companies up 29.6% to 39.4 mln USD over Jan-June 2011
ArmInfo. The aggregate stockholder equity of the 8 insurance companies of Armenia annually increased by 54.1%, over .....

· 16:32 04.10.2011
Assets of Armenian insurance companies up 17,2% - to $79.9 mln for first half-year 2011
Arminfo. The aggregate assets of 8 insurance companies of Armenia grew twofold versus the first half-year 2010, by 17,2% .....

· 02:11 27.09.2011
Oppositionist MPs say MTPL (OSAGO) very profitable business for insurers and demand tariff revision
ArmInfo. Oppositionist MPs say MTPL (OSAGO) is a very profitable business for insurers and demand tariff revision, Artsvik Minasyan, Parliamentarian .....

· 21:16 26.09.2011
MTPL (OSAGO) suffers 48% loss for 8 months of 2011
ArmInfo. The Motor Third Party Liability Insurance (OSAGO) suffered a 48% loss for the 8 months of 2011, Vahan Avetisyan, Executive Director of the .....

· 17:11 20.09.2011
Payments of Armenian insurers grow by 22,5% up to 2,8 bln drams for August
Arminfo. The compensation payments of Armenian insurers grew by 22,5% up to 2,8 bln drams for August. According to the .....

· 16:11 13.09.2011
RESO insurance company launches a new product "APPA-PLUS"
ArmInfo. RESO insurance company has worked out and is launching a new motor third party liability insurance product "APPA-PLUS". The marketing service of the company told .....

· 20:12 02.09.2011
More complaints filed to Office of Financial Ombudsman after introduction of motor third party liability insurance
ArmInfo. In Jan-Aug 2011 the Office of Financial Ombudsman received 252 complaints. 80 complaints were considered, with 68% .....

· 18:06 31.08.2011
Over Q2 2011 premiums of Armenian insurers dropped over 4 times, while payments grew by almost 50%
ArmInfo. Over Q2 2011 the insurance premiums of the Armenian insurers dropped over 4 .....

· 16:52 23.08.2011
Salary of employees up 20% to $804 in insurance system of Armenia
Arminfo. According to the results of the 1Q 2011 the average salary of employees has grown by 20% versus 1Q 2010 and .....

· 14:49 23.08.2011
Insurance company "Cascade Insurance" launches a new tourist product
ArmInfo. The insurance company "Cascade Insurance" has announced about issue of a new tourist product - insurance of local tourism. As the company reported, the .....

· 14:48 23.08.2011
Assets of Armenian insurance companies grow almost twofold
ArmInfo. The assets of Armenian insurance companies have grow almost twofold and amounted to 32.030 bln drams by the end of the 1Q 2011. In the .....

· 18:30 22.08.2011
Armenian insurance companies collected 12.8 bln drams premiums for 1Q 2011
Arminfo. Nine Armenian insurance companies collected 12.787 bln drams ($34.6 mln) of premiums for 1Q 2011. The share of corporative insurance in the .....

· 18:39 20.08.2011
Insurance market of Armenia has become profitable thanks to OSAGO payments
Arminfo. The insurance market of Armenia has become profitable thanks to the OSAGO payments. It ensured net profit 1.159 bln drams ($3.13 mln) .....

· 10:35 04.08.2011
Motor Insurers' Bureau of Armenia holds a seminar on "Issues of introduction of motor third party liability insurance in the NKR"
ArmInfo. The Motor Insurers' Bureau of Armenia held a seminar on "Issues of .....

· 15:03 29.07.2011
In July insurance company "RESO" settled record number of insurance events
Arminfo. Since the beginning of the current year the insurance company "RESO" paid 300.2 mln drams on OSAGO. The size of the forthcoming .....

· 12:40 27.07.2011
Over first half of 2011 Armenian insurers made 1.9 bln AMD motor third party liability insurance payments
ArmInfo. Over the first half of 2011 the Armenian insurers made 1.9 bln AMD motor third party .....

· 18:06 25.07.2011
Over first half of 2011 Armenian insurers made 1.9 bln AMD motor third party liability insurance payments
ArmInfo. Over the first half of 2011 the Armenian insurers made 1.9 bln AMD motor third .....

· 18:56 18.07.2011
Travel insurance market to grow by 10-15% a year
ArmInfo. The travel insurance clientele of Armenian insurance companies will grow by 10-15% annually in the next 4-5 years, First Deputy CEO of .....

· 18:55 18.07.2011
70-80% of Armenian travelers buy travel insurance
ArmInfo. 70-80% of Armenian travelers buy travel insurance, First Deputy CEO of INGO Armenia insurance company Arevshat Meliksetyan said during a press-conference Monday. He said that insurance .....

· 19:32 08.07.2011
In Jan-June 2011 Rosgosstrakh Armenia paid $1.8mln in motor third party liability insurance compensation
ArmInfo. In Jan-June 2011 Rosgosstrakh Armenia insured 3,653 motor third party liability insurance events worth a total of 667mln .....

· 20:45 07.07.2011
INGO Armenia insures "Surrealism and Armenian Painters" exhibition showpieces worth $1.371 mln
ArmInfo. INGO Armenia has insured the showpieces of "Surrealism and Armenian Painters", "Salvador Dali and Surrealists" exhibitions to be held at .....

· 20:44 07.07.2011
RESO launches individual medical insurance program
ArmInfo. "RESO" insurance company has launched an individual medical insurance program "RESOMED." The PR service of the company reports that in July-Aug the company is planning to .....

· 19:45 20.06.2011
INGO Armenia is preparing a new product - agricultural risk insurance
ArmInfo. INGO Armenia insurance company is preparing a new product - agricultural risk insurance. During a seminar in Aghveran June 18-19 Director of INGO .....

· 18:08 15.06.2011
INGO Armenia registers 164 road accidents in June 2011
ArmInfo. INGO Armenia insurance company has registered 164 road accidents in June 2011 (53 in marzes). In 119 cases the company has paid compensation (a .....

· 17:36 13.06.2011
Rosgosstrakh Armenia is leader in motor third party liability insurance
ArmInfo. As of today Rosgosstrakh Armenia insurance company has paid 620mln AMD in motor third party liability insurance compensation. According to the company's press service, .....

· 10:45 08.06.2011
New rule of payment on OSAGO is directed to protection of the rights of pedestrians
Arminfo. At its today's session Armenian Central Bank Board adopted a decision to endorse alterations in the rules .....

· 09:56 04.06.2011
Insurance company "INGO ARMENIA" redeems 51 mln drams on OSAGO for 15 days
Arminfo. The insurance company "INGO ARMENIA" redeemed 51 mln drams on OSAGO from 15 to 31 May, press-service of the .....

· 15:40 30.05.2011
RESO introduces new software and technology solutions
ArmInfo. RESO Insurance Company is strengthening its positions in the insurance market. RESO Executive Director Samvel Grigoryan told ArmInfo the company lays the stress on .....

· 16:52 25.05.2011

4 insurance companies in the list of 500 big tax payers of Armenia
Arminfo. Four insurance companies entered the list of 500 big tax payers of Armenia in the 1Q 2011. According to the .....

· 11:02 20.05.2011

Work of medical establishment in motor third party liability system needs good management
ArmInfo. The work of medical establishments in the system of motor third party liability insurance (MTPL) needs good management, .....

· 17:28 12.05.2011
OSAGO policies to be delivered at the check point when entering Armenia from Georgia
Arminfo. The Third Party Liability Insurance (OSAGO) policies will be delivered at the check points when entering Armenia from .....

· 12:13 05.05.2011

ISG does not comment on transfer of its insurance portfolio to RASCO
ArmInfo. ISG insurance company has completely transferred its insurance portfolio to RASCO insurance company, the company's marketing department told ArmInfo. ISG .....

· 16:01 04.05.2011
Insurance agents of "INGO Armenia" succeed
ArmInfo. One insurance agent of "INGO Armenia" company has insured 4 thsd out of 22 thsd motor cars registered in Shirak region of Armenia, this is .....

· 11:32 23.04.2011
RESO insurance company prepares to introduce RESOMED individual policies of medical insurance
ArmInfo. RESO insurance company is preparing to introduce individual policies of medical insurance in the market, Executive Director of RESO Samvel .....

· 17:23 15.04.2011
Corporative medical insurance market to continue growing in 2011
ArmInfo. The alterations and amendments to the law "On value added tax" led in 2010 to the growth of medical insurance in Armenia by .....

· 17:20 15.04.2011

Motor third party liability postpones introduction of compulsory medical insurance in Armenia
ArmInfo. No compulsory types of insurance are expected in Armenia within the next two years, Executive Director of Garant Limens insurance .....

· 13:25 09.04.2011
INGO Armenia Insurance Company paid 92 mln drams MTL and CASCO indemnities in March
ArmInfo. INGO Armenia Insurance Company paid 73 mln drams MTL indemnities (compulsory motor third party liability insurance) .....

· 19:18 06.04.2011

Introduction of OSAGO does not lead to expected growth of economic activeness
ArmInfo. No serious changing in the investment policy of Armenian insurance agencies is expected over the current year, Executive Director of .....

· 17:11 04.04.2011
Over Q4 2010 summary losses of Armenian insurers grew 6 times with preparation for motor third party liability insurance
ArmInfo. Over Q4 2010 the summary net loss of insurance companies grew 6 times .....

· 19:33 15.03.2011
Nairi Insurance pays off 60 mln AMD motor third party liability insurance indemnities
ArmInfo. The insurance company Nairi Insurance has already paid off 60 mln AMD motor third party liability (MTPL) insurance indemnities, .....

· 23:10 09.03.2011

INGO ARMENIA: Three insurance lines will become compulsory in Armenia in short-term outlook
ArmInfo. Three insurance lines will become compulsory in Armenia in the short-term outlook: medical, environmental risks and employers' .....

· 23:07 09.03.2011
INGO ARMENIA Insurance Company expected to insure another 80-90,000 cars in 2011
ArmInfo. INGO ARMENIA Insurance Company is going to insure another 80-90,000 cars in 2011, to increase voluntary insurance contracts by .....

· 12:55 01.03.2011
INGO ARMENIA Insurance Company hires 86 insurance agents at once
ArmInfo. INGO ARMENIA Insurance Company hired 86 insurance agents at once in Jan-Feb to consult people on motor third party liability insurance .....

· 12:53 01.03.2011

ROSGOSSTRAKH-ARMENIA Insurance Company has paid over 120 million drams indemnities already
ArmInfo. ROSGOSSTRAKH-ARMENIA Insurance Company has paid out over 120 million drams MTL (motor third party liability insurance) indemnities already, the company .....

· 18:33 16.02.2011
Rosgosstrakh-Armenia: The real loss ratio of motor third party liability insurance is already making one uneasy
ArmInfo. The loss ratio of the motor third party liability insurance (MTPL) calculated by the current statistics .....

· 15:10 16.02.2011

Rosgosstrakh Vice President: 36% share in Motor Third Party Liability Insurance (MTL) market in Armenia makes us absolute leader
ArmInfo. Rosgosstrakh Armenia has made 120,000 contracts of compulsory motor third party liability .....

· 18:33 14.02.2011
Armenian insurers pay off 150 mln AMD on motor third party liability insurance
ArmInfo. Since the Law on Motor Third Party Liability Insurance (MTPL) came into force, the total volume of insurance .....

· 12:40 08.02.2011

One-third of Armenian car owners have no motor third-party liability insurance
ArmInfo. One-third of Armenian car owners have not made motor third-party liability insurance (MTL) contracts yet, the Armenian Police reported. .....

· 15:50 03.02.2011
Armenian drivers' habit to solve problems "through the buddy system" yields ground to insurance policies: Nairi Insurance experts
ArmInfo. The stable mentality of Armenian drivers to solve all problems "through the .....

· 19:00 02.02.2011

INGO ARMENIA insurance company registers abrupt growth of road accidents in Armenia because of Feb 1 snowfall
ArmInfo. INGO ARMENIA insurance company registers abrupt growth of road accidents in Armenia .....

· 17:36 02.02.2011
Motor third party liability insurance becomes an obstacle to free contact with Armenia
ArmInfo. The motor third party liability insurance, introduced in Armenia Jan 2011, has become an obstacle to the free contact .....

· 15:57 02.02.2011

On snowfall day ROSGOSSTRAKH ARMENIA insurance company registered record-breaking number of road accidents
ArmInfo. As a result of the first heavy snowfall this winter, the ROSGOSSTRAKH ARMENIA insurance company registered a record-breaking .....

· 17:08 18.01.2011

Every day Armenian insurers conclude almost 10,000 motor third party liability insurance contracts
ArmInfo. Since Jan 1 2011, when the law on motor third party liability insurance took force, Armenia's insurance companies have .....

· 18:05 17.01.2011
Almost 300,000 car owners in Armenia have already bought motor third party liability insurance policies
ArmInfo. Almost 300,000 car owners in Armenia have already bought motor third party liability insurance policies. During a press-conference .....

· 18:52 13.01.2011
Bureau of Auto Insurers of Armenia prohibits use of discounts for motor third party liability insurance policies
ArmInfo. The Bureau of Auto Insurers of Armenia has prohibited the use of discounts for motor .....

· 18:50 13.01.2011
Nairi Insurance collects motor third-party liability insurance premiums worth 927 mln AMD
ArmInfo. Since the launch of Motor Third Party Liability (MTPL), Nairi Insurance concluded about 30 thsd MTPL agreements worth 927 .....

· 19:22 12.01.2011
Rosgosstrakh Armenia makes first Motor Third Party Liability insurance payments worth 9 mln AMD
ArmInfo. On January 12 the insurance company Rosgosstrakh Armenia made the first Motor Third Party Liability (MTPL) insurance .....

· 18:27 12.01.2011

Since the introduction of motor third party liability insurance Armenian insurers have registered 567 road accidents
ArmInfo. Since the introduction of the motor third party liability insurance in Armenia on Jan 1 2011 .....

· 14:08 12.01.2011
230000 or 60% of owner-drivers in Armenia obtain MTPLI policies
ArmInfo. Insurance companies of Armenia have signed about 230000 MTPLI contracts, Executive Director of Armenian Insurance Bureau Vahan Avetisyan told .....

· 16:18 27.12.2010
Introduction of Motor Third Party Liability Insurance in Nagorny Karabakh Republic may be postponed
ArmInfo. The Law On the Motor Third Party Liability Insurance in Nagorny Karabakh Republic may come into .....

· 16:16 27.12.2010
Armenian parliamentarian: The Law on Compulsory Motor Third Party Liability Insurance shows new level of development of public in Armenia
ArmInfo. The Law on Compulsory Motor Third Party Liability Insurance (MTL) .....

· 18:49 20.12.2010
Motor Insurers Bureau of Armenia approves 20 applications for appraisal activities in the framework of motor third party liability insurance program
ArmInfo. The Motor Insurers Bureau of Armenia has approved almost 20 applications .....

· 18:48 20.12.2010
About 20% of car owners acquire insurance policies within 12 days before law on Motor Third Party Liability Insurance comers into force
ArmInfo. About 20% of car owners have acquired insurance policies within .....

· 14:27 17.12.2010
Heritage party: Implementation of Motor Third Party Liability Insurance [MTPLI] in villages requires systemized approach
ArmInfo. Implementation of the Motor Third Party Liability Insurance [MTPLI] in villages requires systemized approach, deputy from the .....

· 13:31 16.12.2010

Procedure of temporary registration of motor vehicles
ArmInfo. The Government of Armenia approved procedure of temporary registration of motor vehicles, Thursday. Head of the Armenian Police Alik Sargsyan said at a briefing that .....

· 18:32 14.12.2010

"Motor race" like protest against MTPLI to be held in Yerevan on 21 December
ArmInfo. The opposition Heritage party will hold a "motor race" like a protest against Motor Third Party Liability .....

· 16:35 13.12.2010
Motor third party liability insurance policies available in Nagorny Karabakh
ArmInfo. Motor third party liability insurance (MTL) policies are now available in Nagorny Karabakh, ArmInfo correspondent to Stepanakert reported. Armenian insurers started .....

· 16:34 13.12.2010
INGO Armenia IC insures 8th passenger plane
ArmInfo. INGO Armenia Insurance Company has insured the 8th passenger plane, the company press service told ArmInfo. According to the source data, the liability of .....

· 19:11 09.12.2010
By 1 October 2010 average monthly salary of Armenian insurance system employees made up $578
ArmInfo. Over Jan-Sep 2010 the average monthly salary of the Armenian insurance system employees was 209 thsd AMD .....

· 19:10 09.12.2010

Over Jan-Sep 2010 insurers of Armenia concluded 78077 contracts
ArmInfo. Insurance for those going abroad remains the most demanded insurance type in Armenia, and this is proved by 27766 contracts concluded in .....

· 19:09 09.12.2010
In the face of the introduction of compulsory motor third party liability insurance in Armenia the clientele of local insurance companies is quickly growing
ArmInfo. In the face of the introduction of compulsory .....

· 19:08 09.12.2010
In Jan-Sept 2010 net profit of 10 insurance companies of Armenia totaled 24.1mln AMD
ArmInfo. In Jan-Sept 2010 the net profit of the 10 insurance companies of Armenia totaled 24.1mln AMD or almost .....

· 19:07 09.12.2010
Over Jan-Sep 2010 equity capital of 10 insurance companies of Armenia grew by 15,2% to $34.5 mln
ArmInfo. Over Jan-Sep 2010 the summary amount of equity capital of the 10 insurance companies of .....

· 15:19 09.12.2010
Over Jan-Sep 2010 assets of Armenian insurance companies grew by 39,3% to $56.1 mln
ArmInfo. Over Jan-Sep 2010 the summary assets of 10 insurance companies of Armenia grew by 39,3%, and by 81,8% .....

· 14:12 09.12.2010
Procedure of motor third party liability insurance to be facilitated for rural residents in Armenia
ArmInfo. Procedure of motor third party liability insurance (MTL) will be facilitated for rural residents in Armenia, .....

· 10:32 08.12.2010

Armenian National Congress: MTPLI (OSAGO) is a new option of robbery and corruption for oligarchs
ArmInfo. "Motor Third Party Liability Insurance" [MTPLI] (OSAGO) does not meet citizens' interests and has a purpose to .....

· 18:39 07.12.2010

Armen Martirosyan: Motor owners have already held first protest actions against introduction of Motor Third Party Liability Insurance
ArmInfo. Motor owners have already held first protest actions against introduction of Motor Third Party .....

· 11:41 03.12.2010
Lack of long money in Armenia can be filled by life insurance
ArmInfo. Armenia's economy is short of long money and life insurance can help to form it, President of Rosgosstrakh Danil Khachaturov .....

· 11:40 03.12.2010
Motor Third Party Liability is a culture shock that Armenia should get through
ArmInfo. The Motor Third Party Liability Insurance (MTPL) is a culture shock that Armenia should get through, President of .....

· 11:22 02.12.2010
Heritage Party: Most citizens cannot afford motor third party liability insurance
ArmInfo. Heritage Opposition Party parliamentarians suggested a bill "On recognition of the Law on Motor Third Party Liability Insurance invalid," says the .....

· 12:40 01.12.2010
Telcell develops policy sales module for INGO Armenia Insurance Company
ArmInfo. Telcell payment system has developed a sales module for motor third party liability insurance policies of INGO Armenia Insurance Company. The .....

· 18:20 29.11.2010

Bureau of Auto Insurers approves rules and procedures for registration of appraisal companies
ArmInfo. The Bureau of Auto Insurers has approved rules and procedures for registration of appraisal companies. The Bureau reports that the .....

· 18:35 25.11.2010

Motor Insurers Bureau of Armenia introduces a number of amendments to Motor Third Party Liability tariff plan
ArmInfo. The Council of Motor Insurers Bureau of Armenia has changed the tariff policy of Motor .....

· 18:52 22.11.2010

From now on the insurance policy of "INGO Armenia" may be ordered via the payment terminals
ArmInfo. From now on the insurance policy of "INGO Armenia" may be ordered via the net of .....

· 18:33 19.11.2010
About 10% of cars registered in Armenia already have MTPL insurance policies
ArmInfo. About 10% of the cars registered in Armenia already have the insurance policies of Motor Third Party Liability Insurance .....

· 12:35 16.11.2010
Young actuaries connect problems of MTPL development with financial ignorance and low welfare of Armenian population
ArmInfo. Young actuaries connect the problems of development of Motor Third- Party Liability (MTPL) with financial ignorance .....

· 15:48 15.11.2010

Insurance agents deceive unaware villagers
ArmInfo. In the regions of Armenia agents of the local insurance companies are engaged in insurance of agricultural tractors not subject to insurance, Eduard Hovhannissyan, Chairman of .....

· 16:33 02.11.2010
"INGO Armenia" insurance company starts introduction of on-line system of MTPL e:policy insurance issue
ArmInfo. "INGO Armenia" insurance company has started introduction of on-line system of MTPL e:policy insurance issue. As press-service of .....

· 10:54 02.11.2010
Armenian insurers functioned with loss in 3rd Q 2010
ArmInfo. Accumulated net profit of insurance companies reduced over the 3rd quarter 15 times to 152 mln drams. This was preceded by more .....

· 15:38 25.10.2010
Star network of supermarkets announces beginning of sales of MTPL policies of "Rosgosstrakh-Armenia" insurance company
ArmInfo. Motor Third-Party Liability (MTPL) policies will be sold in all the STAR supermarkets (17) from .....

· 15:34 21.10.2010
Samvel Grigoryan appointed new executive officer of RESO Insurance Company
ArmInfo. Samvel Grigoryan has replaced Mushegh Sahakyan on the position of RESO Insurance Company executive officer, a reliable source told ArmInfo. .....

· 19:30 08.10.2010
Annual amount of motor third party liability insurance premiums to total 10bln-12bln AMD
ArmInfo. The annual amount of motor third party liability insurance premiums will total 10bln-12bln AMD, Executive Director of the Bureau .....

· 19:28 08.10.2010
Central Bank of Armenia registers tariff plan for calculating motor third party liability insurance policy
ArmInfo. The Central Bank of Armenia has registered criteria for determining admissible amounts of the principal and .....

· 11:31 01.10.2010
Motor Insurers' Bureau publishes draft tariff policy for OSAGO insurance policies
ArmInfo. Motor Insurers' Bureau has published a draft tariff policy for OSAGO (compulsory third party motor liability insurance) insurance policies to .....

· 18:38 17.09.2010
Haypost to sell motor third party liability insurance policies via its 250 branches
ArmInfo. In the framework of its program to modernize post systems and to provide financial services, Haypost is going to .....

· 12:48 11.09.2010
Over 50 new insurance agents appear in Armenia each week
ArmInfo. The Central Bank of Armenia registers over 50 new insurance agents each week, Vahe Vardanyan, the head of the Financial System Policy .....

· 12:46 11.09.2010
Armenian Central Bank not to allow spreading of forged MTPL policies
ArmInfo. The Central Bank of Armenia will not allow spreading of forged Motor Third Party Liability (MTPL) policies, Vahe Vardanyan, the head .....

· 18:43 10.09.2010
Leaders of insurance business will take 60-70% of Motor Third Party Liability market
ArmInfo. 4-5 leaders of Armenia's insurance sector will take 60-70% of the Motor Third Party Liability market, CEO of Cascade .....

· 15:55 12.08.2010
INGO ARMENIA IC sponsors concert of world-renowned rock singer Serzh Tankian
ArmInfo. INGO ARMENIA Insurance Company comes out a sponsor of the concert of a world-renowned rock singer Serzh Tankian, Company .....

· 17:57 03.08.2010
RASCO joins Bureau of Motor Insurers of Armenia
ArmInfo. Aug 3 the Board of the Central Bank of Armenia granted the RASCO insurance company the status of member of the Bureau of Motor .....

· 17:35 29.07.2010
Armenian insurance market may pass by world financial trends
ArmInfo. The Armenian insurance market may pass by the world financial trends. The analysts of ArmInfo stress that in June 2010 the Central Bank .....

· 11:42 29.07.2010
CB Board approves members of Motor Insurers Bureau of Armenia self-regulating organization
ArmInfo. At July 28 sitting the Board of the Central Bank of Armenia (CBA) provided the status of a member .....

· 15:32 20.07.2010
INGO ARMENIA offers off-season termless discounts for Converse Bank card holders
ArmInfo. INGO ARMENIA offers off-season termless discounts up to 10% for Converse Bank card holders. The discounts cover all types of insurance services .....

· 12:06 01.07.2010
Deputy Chairman of Central Bank of Armenia: Threshold of banking deposit insurance should be in compliance with economic development of Armenia
ArmInfo. The growth in the threshold of banking deposit insurance .....

· 12:54 23.06.2010
Residents of Lori region, suffered from thunderstorm, to receive reimbursement from INGO Armenia IC
ArmInfo. INGO Armenia insurance company received over 30 applications in June concerning the damages caused to the motor transport by .....

· 11:07 15.06.2010
NKR PM: In Nagorno-Karavakh motor third party liability should be introduced stage by stage
ArmInfo. The population of Nagarno-Karabakh Republic, especially the villagers, will not be able to afford the additional expenses implied by .....

· 11:02 15.06.2010
NKR Government is interested in insuring against agricultural risks
ArmInfo. Agricultural risk insurance is a priority task of the Government of Nagorno-Karabakh republic and we are searching for efficient ways to regulate the risks .....

· 10:59 15.06.2010
Whose interests does insurance of credit pawn property protects?
Arminfo. Whose interests does insurance of credit pawn property protects? In particular, insuring of the motor transport bought by the bank credit. Why the banks .....

· 12:11 13.06.2010
Armenian insurers are holding guest meeting in Nagorno-Karabakh
ArmInfo. Representatives of Armenian insurance companies and the Association of Insurers of Armenia are holding a guest meeting in Stepanakert (Nagorno-Karabakh Republic). The meeting has been .....

· 15:43 21.05.2010
Total net profits of Armenian insurance market for Q1 2010 amounts to $2mn
ArmInfo. Total net profits of the Armenian insurance market for Q1 2010 amounted to 713mn drams or $1.95mn, which is 12% .....

· 15:43 21.05.2010
Average salary in Armenian insurance system for Q1 2010 amounted to $514
ArmInfo. Average salary in the Armenian insurance system for Q1 2010 amounted to 206.000 drams or $514 (up 2% per year). Ranking of .....

· 15:42 21.05.2010
Total insurance premiums in Armenia for Q1 2010 amounted to $4.7mn
ArmInfo. Total insurance premiums in the Armenian insurance market encompassing 10 companies for Q1 2010 amounted to 1.9bn drams or $4.7mn (up .....

· 15:41 21.05.2010
Leading insurers of Armenia signed 19853 agreements in I quarter 2010, fees from which made up 1.8 bln drams
ArmInfo. Insurance of those leaving abroad remains the most demanding type of insurance in .....

· 15:40 21.05.2010
Assets of Armenian insurance companies up 15% for Q1 2010 to $42million
ArmInfo. Aggregate assets of the insurance market encompassing 10 companies grew 14.6% for Q1 2010 to 16.7bn drams ($42mn). Ranking of Armenian .....

· 15:40 21.05.2010
Total shareholders' equity of insurance market of Armenia up 16% for Q1 2010 to $30.5mn
ArmInfo. Total shareholders' equity of the insurance market of Armenia encompassing 10 companies was up 16% for Q1 .....

· 17:09 20.05.2010
More and more people welcome compulsory medical insurance
ArmInfo. Compulsory medical insurance system is very timely for Armenia, but it cannot be introduced because of large shadow economy, Garik Martirosyan, Director of Surb Mariam .....

· 11:02 20.05.2010
Receipts of Armenian insurance companies grew by 38%, net profit fell by 61%
ArmInfo. Over Q1 2010 the receipts of Armenian insurance companies amounted to 1.898 bln AMD, the annual growth of which (as .....

· 15:25 14.05.2010
INGO ARMENIA insures ARMENAL Factory
ArmInfo. INGO ARMENIA insurance company has recently insured the property of ARMENAL Factory and its risks of production suspension. The parties made a 1-year insurance contract. The total insurance .....

· 19:52 07.05.2010
Rosgosstrakh-Armenia insurance company increases volume of indemnities seven times
ArmInfo. As of the end of Q1 2010, the volume of indemnities of Rosgosstrakh-Armenia grew over 7 times as compared with the same period of .....

· 13:00 05.05.2010
The year of 2010 will be successful for "Cascade Insurance" but the crisis will be overcome in 2011
ArmInfo. By the key insurance indices the year of 2010 will be similar to 2009. In .....

· 12:26 05.05.2010
Nairi insurance company is hitting its stride
ArmInfo. According to the published financial reports, Nairi Insurance IC gathered premiums to almost 180 mln drams in 1Q, 2010 and assured 33% growth .....

· 12:25 05.05.2010
"INGO ARMENIA" insures aviation risk of "ARARAT INTERNATIONAL AIRLINE" carrier
ArmInfo. The insurance company "INGO ARMENIA" has recently made a contract to insure the air carrier liability of "ARARAT INTERNATIONAL AIRLINE" carrier for .....

· 14:58 29.04.2010
OSAGO to create thousands of new jobs in Armenia
ArmInfo. Introduction of compulsory motor vehicle liability insurance (OSAGO) in Armenia will triple the insurance market, Samvel Margaryan, Head of Internal Audit at INGO .....

· 18:22 28.04.2010
Armenian insurance market will have to be open before foreign insurance community
ArmInfo. Sooner or later the insurance market of Armenia will have to be open before the foreign insurance community, Doctor of Science, .....

· 14:07 28.04.2010
INGO ARMENIA receives gold from Business Initiative Directions
ArmInfo. INGO ARMENIA Insurance Company got the highest mark from an international analytical organization for the results of 2009 and has been awarded the International Quality .....

· 16:53 21.04.2010
INGO-ARMENIA insures pictures of Italian painter Anselmo Francesconi
ArmInfo. INGO ARMENIA Insurance Company has insured pictures of the Italian painter Anselmo Francesconi on a topic of the Armenian Genocide, to be exhibited .....

· 20:36 20.04.2010
RASCO insurance company reduces its activity
ArmInfo. The RASCO insurance company is overcoming the consequences of the crisis with difficulties. In particular, according to the published financial reports, over Q1 2010 the insurance company .....

· 20:34 20.04.2010
"Griar-Insurance" insurance company piles up the lost
ArmInfo. "Griar-Insurance" gathered premiums at 66 mln drams in the 1Q 2010, which is by 52% than over the same period of 2009. But the company has .....

· 09:42 14.04.2010
Garant Limens insurance company has been granted cargo insurance license
ArmInfo. Garant Limens insurance company has been granted cargo insurance license implying compensation of damages caused to cargo irrespective of means of transportation. Such .....

· 14:34 13.04.2010
INGO ARMENIA insurance company gathers record number of insurance contracts
ArmInfo. INGO ARMENIA signed a record number (24347) of insurance contracts in 2009, the charges from which assured the first position to .....

· 14:29 13.04.2010
Head of INGO ARMENIA: No monopolies will be in OSAGO segment
ArmInfo. Competition in the segment of the first compulsory insurance line in Armenia - OSAGO car insurance, will be tough but monopolies are .....

· 17:13 08.04.2010
INGO ARMENIA offers new product of car insurance "New for Old"
ArmInfo. INGO ARMENIA has modernized the CASCO insurance product introducing a system of reimbursement "New for Old." In fact, reimbursement will be made .....

· 17:55 02.04.2010
VivaCell-MTS prefers insuring itself in INGO ARMENIA
ArmInfo. In Q1 2010 the INGO ARMENIA insurance company won a tender on provision of package insurance to VivaCell-MTS, the largest mobile communication operator in Armenia. .....

· 18:24 05.03.2010
RASCO insurance company is expanding into BBB insurance market
ArmInfo. RASCO insurance company, jointly with a reinsurer from London, is preparing a BBB insurance proposal for commercial banks, says the director of the company .....

· 12:10 04.03.2010
Armenian insurance companies collect $21 mln for 2009
ArmInfo. Total insurance premiums collected by 12 insurance companies in Armenia amounted to 8.1 bln drams ($21 mln) in 2009, which was 4% higher than .....

· 12:07 04.03.2010
Total net profit of 12 Armenian insurance companies for 2009 amounted to $2.6 mln
ArmInfo. Total net profit of 12 Armenian insurance companies for 2009 amounted to 967 mln drams or $2.6 mln, which .....

· 12:01 04.03.2010
Equity capital of 12 insurance companies of Armenia grew by 54% up to $24.3 mln in 2009
ArmInfo. As of 31 December 2009 the aggregate size of the equity capital of 12 insurance companies .....

· 11:56 04.03.2010
Assets of 12 Armenian insurance companies up 38% to $45 million for 2009
ArmInfo. Total assets of 12 insurance companies in Armenia were up 38% to 12 billion drams ($45 million) in 2009. Ranking .....

· 10:34 02.03.2010
“INGO Armenia” reduces motor insurance tariffs by 40%
ArmInfo. “INGO Armenia” insurance company has reduced motor insurance tariffs (CASCO) by 40%, press-service of the company told ArmInfo. They managed to reduce thanks to the .....

· 16:33 25.02.2010
Insurance companies of Armenia return to pre-crisis level in late 2009
ArmInfo.Twelve insurance companies in Armenia returned to the pre-crisis level in late 2009 and even ensured positive dynamics. In particular, the premium collection .....

· 17:22 15.02.2010
Allianz holds a seminar for insurers
ArmInfo.The insurance specialists of the German insurance group Allianz held a seminar for Armenian insurers in Yerevan. The seminar program consisted of 2 parts. In the first part .....

· 10:22 21.01.2010
Cascade Insurance increases share capital
ArmInfo. After successfully wrapping up its fifth year of operation, the shareholders of Cascade Insurance ICJSC, Cascade Capital Holdings, and EBRD, the European Bank for Reconstruction and Development, have .....

Insurance sector

CJSC "ISG"
CJSC "Garant-Limence"
CJSC "Griar-Insurance"
CJSC "INGO ARMENIA"
CJSC "Cascade Insurance"
Co.Ltd "RASCO"
Co.Ltd "Nairi Insurance"
CJSC "Rosgosstrakh-Armenia"
CJSC "Sil Insurance"
CJSC "RESO"