Mon, 28 April
11.1 C
Yerevan
USD: 390.33 RUB: 4.73 EUR: 443.14 GEL: 142.02 GBP: 519.57
spot_img

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

Average AMD/USD exchange rate in March was 1.9% lower than a year ago

In March 2025, the average AMD/USD exchange rate was 392.8, which is 1.9% lower than in March 2024 (400.4 AMD), the National Statistical Committee reports.

“Bear market’: sale of crypto-assets or the right time to buy

According to many news reports, cryptocurrencies are experiencing now a "troubled" time and might not survive in this massive bear market

Russian president gives Yerevan-based Balchug Capital permission to buy Gazprom, Inter RAO, and LUKOIL shares from Goldman Sachs

Goldman Sachs International will be able to sell minority stakes in a number of Russian blue chips to Balchug Capital CJSC, the same company that received permission from Russian authorities to buy the local banking unit of the American financial group.

ACBA Leasing: on the road to achievement (video)

Armenia's first specialized leasing company - ACBA Leasing - was founded 18 years ago. Initially, its staff consisted only of employees of Acba Bank, later the staff expanded and grew, the company's press service said today

Draft law on crypto assets to be submitted to Armenian parliament in coming weeks – Deputy Chairman of Central Bank

The draft law on crypto assets, developed by the Central Bank of Armenia in the context of European norms, will be submitted to the Armenian parliament in the coming weeks, said Deputy Chairman of the Central Bank Armen Nurbekyan.

LATEST NEWS

spot_imgspot_imgspot_img