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

Central Bank of Armenia explained in what cases it intervenes in the foreign exchange market

The Central Bank of Armenia intervenes in the foreign exchange market when the market becomes one-sided, stated Central Bank Chairman Martin Galstyan.

Euro fell 4.82 points against the Armenian dram: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of June 18, 2026, increased by 0.13 points compared to June 17, reaching 368.19 drams.

Euro and ruble exchange rates against the Armenian dram rose, while the dollar fell: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of June 15, 2026, fell by 0.12 points compared to June 12, to 368.06 drams.

Reverse mortgages for pensioners and new property rights for spouses are being introduced in Armenia

At its session on Thursday, the National Assembly of Armenia adopted in the first reading amendments to the Civil Code of the Republic of Armenia, introducing the concept of reverse mortgages and a new type of property rights for spouses.

Armenia to increase participant limit for private investment funds from 49 to 99

The National Assembly of Armenia adopted an amendment to the law "On Investment Funds" in its first reading at its session on Thursday.

LATEST NEWS

spot_imgspot_imgspot_img