Rosgosstrakh -Armenia controls 27 percent of insurance market

YEREVAN, February 1. /ARKA/. Rosgosstrakh-Armenia insurance company controls 24-27% of the insurance market in Armenia, the company’s executive director Gagik Grigoryan said at a news conference today at Novosti international press center. He said the company is also leading in terms of car insurances sold to local motorists controlling 33-35% of this market. He added that all numbers are not final yet.

Rafael Minasbekian, vice-president of the Russian ROSGOSSTRAKH insurance company, the parent company of Rosgosstrakh-Armenia, said Rosgosstrakh Armenia is the leading insurance company in Armenia.

‘This is a very good result. For us, this is a strategic goal,’ he said, adding that Rosgosstrakh Armenia has achieved this goal in a fairly short time.

“Technology, investments, network, advertising and marketing are all very important, but nothing could be done if there is no a coordinated team. Rosgosstrakh Armenia is a team assembled to win, and it is already becoming a team of winners, ‘ he said.

According to him, the company has collected a total of 6.54 billion drams in various premiums and is 25% ahead of the second coming company.  Rosgosstrakh Armenia was established in May 2008 as a subsidiary of Russian ROSGOSSTRAKH. -0-

spot_img

POPULAR

Pashinyan: Regional Situation Increases Inflation Risks in Armenia

Armenian Prime Minister Nikol Pashinyan commented on the correlation between pension increases and rising inflation.

FINTECH360 International Conference to Bring Together 500 Participants in Yerevan

The FINTECH360 International Conference will bring together over 500 participants in Yerevan from April 27 to 29, welcoming senior industry executives from banks, money transfer companies, payment platforms, IT firms, and startups representing more than 30 countries.

Armenia uncovers scheme to illegally import large sums of rubles and exchange them for dollars

The State Revenue Committee (SRC) of Armenia reported the discovery of cases of large amounts of foreign currency in cash being imported into the country and its possible involvement in shadow circulation.

Martin Galstyan discussed Armenia’s implementation of the Fund’s structural benchmarks with the IMF mission

Central Bank of Armenia Governor Martin Galstyan held a final meeting with Alexander Timan, head of the IMF mission to Armenia, the regulator's press service reported.

Euro fell 2.02 points against the Armenian dram: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, formed on March 26, 2026, fell 0.18 points compared to March 26, to 377.18 drams.

LATEST NEWS

spot_imgspot_imgspot_img