Mon, 29 September
22.1 C
Yerevan
USD: 382.71 RUB: 4.59 EUR: 446.43 GEL: 141.38 GBP: 510.80

Rosgosstrakh: life insurance to be gradually introduced in Armenia

YEREVAN, February 1. /ARKA/. Life insurance will be introduced in Armenia not soon, said Vice-President of ROSGOSSTRAKH on strategic business development, member of shareholders’ board, curator of issues of Armenia Rafael Minasbekyan answering the questions of ARKA News Agency.

“We are ready to introduce life insurance in Armenia and we have enough experience in this sphere. We can introduce the model of life insurance even tomorrow and start to work”, he said in the International center “Novosti”.

Minasbekyan said that life insurance is “the best that can take place with insurance”, but it should be pushed forward by the State.

“Worldwide, life insurance – it is tax breaks and preferential accumulation of products”, he said.
According to Minasbekyan, this issue should not be forced and accelerated.

“We do not hurry anywhere. The main thing is that everything is normal, civilized and calm”, he said.

In accordance with the existing law “On insurance” in Armenia, the same company is not entitled to provide life and non-life insurance services simultaneously. For dealing with life insurance it is necessary to establish a new insurance company with new charter capital.

Today in the insurance market of Armenia eight companies are operating. Total assets of Armenian insurers as of September 30, 2011 were 28.8 billion drams, total liabilities – 14.1 billion drams, total capital – 14.7 billion drams. Net income of insurance companies in nine months was about 2.3 billion drams vs. net losses in the amount of 291.3 million drams in January-September 2010. –0–

spot_img

POPULAR

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

LATEST NEWS

spot_imgspot_imgspot_img