Sun, 8 June
24.1 C
Yerevan
USD: 384.44 RUB: 4.83 EUR: 434.11 GEL: 140.51 GBP: 515.15

Armenian insurance sector’s loss rate on mandatory car insurance sheds 1% to 50%

YEREVAN, June 18. /ARKA/. The Armenian insurance sector’s loss rate on mandatory car insurance was 50% in May 2015 – 1% lower than in the previous month, the Bureau of Car Insurers of Armenia reports on its website.

In May 2014, the loss rate was recorded at 59.1%.
The permitted loss rates for car insurers in Armenia range from 75 to 78 percent under 22 to 25% insurance payout rate, on which payment calculation system is based.

There were 433,935 insured vehicles in Armenia on May 31, 2015. This number is larger than that of the previous month by 1,593.

The obligatory car insurance institution was introduced in Armenia on January 1, 2011.
The country’s insurance market is controlled by the central Bank of Armenia.
Six insurance companies operate in Armenia now. ——0—-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

Top ten Armenian banks by size of lending in 2019

In 2019, the overall loan portfolio of Armenia's banking sector grew by 16.4% to 3.572.2 trillion drams

Armenia’s top 5 banks by asset size for Q3 2023

According to ARKA news agency's quarterly bulletin 'Banks of Armenia,' the top 5 commercial banks of Armenia by asset size as of 30.09.2023 were Ardshinbank, Ameriabank,  Armbusinessbank, Acba Bank and Inecobank

LATEST NEWS

spot_imgspot_imgspot_img