Wed, 17 September
26.1 C
Yerevan
USD: 382.94 RUB: 4.61 EUR: 453.25 GEL: 141.01 GBP: 522.45

Loss ratio in Armenia’s car insurance sector reduces to 62% by end of March

YEREVAN, April 16. /ARKA/. Loss ratio at Armenia’s car insurance reduced by 7.4 percentage points to 62% in March compared to February, Armenia’s Car Insurance Bureau reported.

Loss ratio for March 2013 was 79.6%.

Allowable loss ratio is 75-78% in Armenia’s car insurance, provided minimum and maximum level of insurance payments is 22-25%.

As of the end of March, there were a total of 437,812 vehicles insured, an increase of 2,374 compared to the month before.

The third-party liability motor insurance was introduced in Armenia on January 1, 2011.

The Central Bank of Armenia has been carrying out supervision over the insurance market since January 1, 2006.

There are seven companies operating in Armenia’s insurance market today.–0–

spot_img

POPULAR

3.6% inflation registered in Armenia in August

n the consumer market of Armenia, 12-month inflation in August of this year amounted to 3.6%, according to the report of the National Statistical Committee (NSC) of Armenia.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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.

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.

LATEST NEWS

spot_imgspot_imgspot_img