Wed, 2 July
24.1 C
Yerevan
USD: 385.32 RUB: 4.91 EUR: 455.06 GEL: 141.61 GBP: 530.70

Some 10.1 billion drams paid as insurance premiums in quarter one

YEREVAN, April 29 / ARKA /. The amount of total insurance premiums paid in the first quarter of 2014 to 7 insurance companies amounted to 10.1 billion drams, a decrease of 10% from the year before, according to ARKA news agency’s bulletin “Insurance Companies of Armenia” for the first quarter of 2014.

Some 638.6 million drams were paid as reinsurance premiums, down from 739.8 million drams paid in the first quarter of 2013.

The leading company in terms of collected premiums was Rosgosstrakh Armenia (3.3 billion drams, a 1.8% growth from the year before).

It was followed by Ingo Armenia (2.3 billion drams, down 17.6%), Nairi Insurance – about 1.7 billion drams (up 5.2%), Sil Insurance -1.17 billion drams (up 14.6%), Reso – 898.7 million drams (decline by 29.2 %), Armenia Insurance -719 million drams (6.4% growth), Garant – Limens -1.88 million drams (decline of 99.7%).

The overall amount of paid insurance indemnities amounted to 4.9 billion drams, having increased by 5.3%, and 834.4 million were paid as reinsured indemnities against 252.4 million drams paid in the same period last year.

The assets of insurance companies in the first quarter amounted to 44.3 billion drams, an increase of 2.7% compared with the same period last year. Their liabilities amounted to 28.9 billion drams (a 1.5% increase), and their capital grew by 5.1% to 15.4 billion drams. ($ 1 – 412.8 drams) -0-

spot_img

POPULAR

Euro falls by 0.62 points to 450.23 drams

The average market exchange rate of the US dollar against the Armenian dram as of June 27, 2025, decreased by 0.59 points compared to June 26 and amounted to 384.32 drams.

AMX Reaffirms Compliance with International ISO Standards

The Armenia Stock Exchange and Central Depository (AMX) have successfully completed their compliance certification with ISO 27001:2022 for Information Security Management and ISO 9001:2015 for Quality Management Systems.

Ratio of loans to deposits in commercial banks of Armenia has improved – WB review

In April 2025, deposits and loans of commercial banks of Armenia increased by 1.5% y/y and 0.8% y/y, respectively, slightly improving the ratio of loans to deposits compared to the figures for the previous year.

Armenia to receive EUR 26 million loan from KfW bank for renewable energy development

Armenia will receive a loan and a grant from the German KfW bank for the implementation of the "Renewable Energy and Energy Efficiency Development" program.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

LATEST NEWS

spot_imgspot_imgspot_img