Sun, 5 October
15.1 C
Yerevan
USD: 382.76 RUB: 4.67 EUR: 449.25 GEL: 140.62 GBP: 514.85

President of group of companies ROSGOSSTRAKH: potential of insurance market in Armenia is $200-250 million

YEREVAN, December 3. /ARKA/. Insurance market in Armenia can be $200-250 million, said the President of Group of Companies ROSGOSSTRAKH Danil Khachaturov during the press-conference.

At present, the share of insurance in GDP should be from 2.5% to 3%.

“Such a market should operate in the developing country in Eastern Europe. In Great Britain this indicator is 15% of GDP but it is related mainly to life insurance”, he said.

Ten insurance companies were operating in Armenia as of September 30, 2010. Since January 1, 2006 control over insurance market in Armenia is implemented by the Central Bank which has unified financial control system.

As of September 30, 2010, total assets of insurance companies in Armenia are 20.5 billion drams, total liabilities of Armenian insurers – 7.8 billion drams and total capital – 12.7 billion drams. By the results of January-September, net income of insurance companies is 128.3 million drams. –0–

spot_img

POPULAR

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

LATEST NEWS

spot_imgspot_imgspot_img