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

Total liabilities of Armenian insurance companies contract by 9.7% in quarter two

YEREVAN, August 22. / ARKA /. Total liabilities of Armenian insurance companies contracted by 9.7% or 1.4 billion drams in the second quarter of the year to 13.3 billion drams. According to an analysis, made by ARKA, the leading insurance company by size of combined liabilities was Rosgosstrakh-Armenia which as of June 30 stood at more than 4.1 billion drams after slashing by 13.8% or 653.8 million drams. Rosgosstrakh-Armenia accounted for 30.8% of all liabilities of all companies.

The list of five leaders in terms of total liabilities included also Ingo Armenia with more than 3.9 billion drams (29.5% of the total liabilities of all insurance companies in Armenia), Nairi Insurance with more than 1.5 billion drams (11.5% respectively), Cascade Insurance with more than 1.4 billion drams (10.5% respectively) and Garant Limens with more than 1.2 billion drams (9.3% of total liabilities of all insurance companies). They accounted for approximately 91.6% of all liabilities of all insurance companies. There are nine insurance companies in Armenia. One company’s report was unavailable. ($ 1 – 367.02 AMD). -0-

spot_img

POPULAR

“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.

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.

Insurance premiums in Armenia in Q2, 2023 amounted to AMD 17.7 bln.

Insurance premiums in Armenia amounted to over 17.7 bln drams in Q2, 2023, according to the National Statistical Committee

Euro exchange rate sharply up 1.9 points to AMD 445.1

The average market exchange rate of the U.S. dollar to the Armenian dram on April 14, 2025, decreased by 0.15 points to AMD 390.92 compared to April 11.

LATEST NEWS

spot_imgspot_imgspot_img