Thu, 19 February
6.7 C
Yerevan
USD: 377.69 RUB: 4.93 EUR: 446.88 GEL: 141.06 GBP: 512.37

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

USD, euro, and ruble appreciate against Armenian dram

As of February 16, 2026, the average market exchange rate for the US dollar to the Armenian dram increased by 0.73 points compared to February 13, reaching 377.67 drams.

Euro, dollar and ruble exchange rates against the Armenian dram have increased

The average market exchange rate for the US dollar against the Armenian dram, as of February 18, 2026, increased by 0.86 points compared to February 17, reaching 377.69 drams.

Armenian banks’ loan portfolio reached AMD 7.9 trillion in 2025 – Union of Banks of Armenia

The loan portfolio of Armenia's banking system increased to AMD 7.9 trillion by the end of 2025 from AMD 6.4 trillion in the same period of 2024, stated Daniel Azatyan, head of the Union of Banks of Armenia.

Byblos Bank Armenia online loan via mobile: Up to AMD 10 mln in just minutes

Byblos Bank Armenia has launched an online lending product, enabling customers to apply for and receive financing within minutes.

Union of Banks of Armenia: cryptocurrency market is gaining momentum with 2-3 banks planning to obtain licenses

The Armenian cryptocurrency market is gaining momentum: 2-3 banks plan to obtain separate licenses to handle these operations, Daniel Azatyan, head of the Union of Banks of Armenia (UBA), stated in response to a question from ARKA news agency.

LATEST NEWS

spot_imgspot_imgspot_img