YEREVAN, March 11. /ARKA/. As of December 31, 2010 total capital of Armenian insurance companies made 11.3 billion drams reduced by 1.4 billion drams or by 11.16% in the 4th Q of 2010.
According to the analysis of “ARKA” agency on the size of total capital of Armenian insurance companies, the leader is Rosgosstrakh-Armenia cjsc. As of December 31, 2010 the size of total capital of the company was about 1729.2 million drams increased by 62.99% or by 668.3 million drams in the forth quarter. The share of the company in the Armenian insurance companies is 15.27%.
Cascade Insurance – 1690.4 million drams (14.92% from total capital of insurance companies), Ingo-Armenia – 1661.7 million drams (14.67%), Rasco – 1540.4 million drams (13.6%) and Garant-Limens – 1472.2 million drams (about 13%) are within the group of five.
By the size of charter capital the following companies are within the group of three – Cascade Insurance (1717 million drams), Rosgosstrakh-Armenia – (1690 million drams) and Garant-Limens (1531.8 million drams).
As of December 31, 2010, 9 branches are functioning in Armenia. ($1 – 367.99 drams).-0-
