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

Average loss rate of Armenia’s insurance companies rises 1% to 51% in June

YEREVAN, July 24. /ARKA/. The loss rate of Armenia’s insurance companies averaged 51% in June 2015 showing a one-percent month-on-month growth, the Bureau of Car Insurers of Armenia reports at its website.

In June 2014, their loss rate was recorded at 58%.

Loss rates on mandatory car insurance in Armenia are permitted to be between 75 and 78 percent, depending on burden level (22-25%).

There were 433,136 insured motor vehicles in Armenia in late June 2015 (no significance change since May).

Mandatory car insurance was instituted in Armenia in January 1, 2011.

The country’s insurance market is under the central bank’s control.

Six insurance companies operate in Armenia now. –0–

spot_img

POPULAR

“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 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.

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.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

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.

LATEST NEWS

spot_imgspot_imgspot_img