Volume of insurance premiums in Armenia in Q3 made up 15.3 billion drams

YEREVAN, 9 December. /ARKA/. The volume of insurance premiums collected in Armenia in the third quarter of the current year made up 15.3 billion drams, the report of the National Statistical Committee on ‘Activities of Armenian Insurance Companies in the Third Quarter of 2024’ says.

In the first quarter of the current year this indicator was a little over 23 billion drams, in the second quarter – about 16.4 billion drams, and the annual indicator for 2023 – about 73.3 billion drams.

Out of the total volume of insurance premiums in the third quarter about 7.6 billion drams fall on compulsory insurance of liability arising from the use of land motor vehicles, over 4.4 billion drams on personal insurance, about 2.7 billion on property insurance, 370.4 million drams on liability insurance, 264.2 million drams on other types of insurance.

The volume of insurance payments during the reporting period totalled 11,174.2 million drams (10,144.9 million drams – in the first quarter, 10,316.4 million drams – in the second quarter, 37,442.2 million drams – for 2023).

Out of this volume, 5, 290.3 million drams falls under compulsory insurance of liability arising from the use of land motor vehicles, 4, 699.3 million drams – under personal insurance, 1, 071.9 million drams – under property insurance, 20.6 million drams – under liability insurance, and 92.2 million drams – under other types of insurance.

There are 8 insurance companies operating in Armenia. ($1 – 401.31 drams) -0-.

spot_img

POPULAR

Central Bank of Armenia puts into circulation a commemorative silver coin for the 35th anniversary of the Republic

The Central Bank of Armenia will put into circulation a silver commemorative coin, "35th Anniversary of the Republic of Armenia," on September 14, 2026, the regulator's press service reported.

Central Bank of Armenia raised its monetary policy rate for the first time in over three years: how it has changed since the end...

Yesterday, the Central Bank of Armenia raised its monetary policy rate for the first time in over three years. After setting the rate at 10.75% in December 2022, it remained unchanged for several months, and in June 2023, the Central Bank began a gradual rate reduction cycle.

Central Bank of Armenia has identified a key principle for regulating crypto assets based on risks

The Central Bank of Armenia adheres to the "same risk, same regulation" principle when regulating digital and virtual assets, Central Bank Deputy Chairman Hovhannes Khachatryan stated on Friday at the 4Future Banking forum in Yerevan.

Central Bank of Armenia raised its interest rate for the first time in over three years, to 6.75%

At its meeting on Tuesday, the Board of the Central Bank of Armenia decided to raise the monetary policy rate by 0.25 percentage points to 6.75%.

Armenia’s capital market still lags behind the economy’s real potential: Cube Invest’s CEO

The depth of Armenia's capital market still lags behind the country's real economic potential, said Mikael Margaryan, CEO of the investment company Cube Invest.

LATEST NEWS

spot_imgspot_imgspot_img