Export Insurance Agency of Armenia

The Armenian Bureau of Motor Insurers has launched a new feature, as reported by the Central Bank of Armenia.

The two-year strategy for the development of the CMTPL sphere, approved in Armenia at the beginning of 2025, is an important step for the development of this market segment, said Armen Nurbekyan, Deputy Chairman of the Central Bank of Armenia, Chairman of the Board of the Auto Insurers Bureau, at an event dedicated to the 15th anniversary of the Bureau.

The idea of mandatory insurance for damage caused by natural disasters is being discussed in Armenia.

he volume of insurance premiums in Armenia in 2024 amounted to 73,030.1 million drams, according to the report of the National Statistical Committee of Armenia, titled “Activities of Insurance Companies of Armenia in the Fourth Quarter of 2024.”

The Federation Council of the Russian Federation approved a law granting the board of directors of the Bank of Russia the right to determine on an annual basis the list of types of foreign currencies that can be contributed to pay for the authorized capital of credit organizations, insurance organizations and non-state pension funds (NPF), TASS reports.

The Central Bank of Armenia warns motorists against a new type of fraud, saying in a statement that after looking into a set of reports and notifications of citizens, it has been found that recently there has been an increase in cases when unknown persons present themselves as employees of insurance companies and offer to conclude compulsory motor third-party liability insurance  (CMTPL) contracts remotely.

Armenia's Ministry of Economy, which oversees also the agricultural sector, urged today farmers to insure their crops against hail and drought risks for 2024.  

The volume of insurance premiums in Armenia in 2023 amounted to about 73.3 billion drams, up from 62.3 billion drams in 2022, according to. the National Statistical Committee

Armenia's national currency, the dram,  continued to depreciate gradually against the USD, the World Bank says in its ‘Armenia Monthly Economic Update – January 2024

Armenian authorities are considering the possibility of assisting citizens in purchasing medicines within the framework of the medical insurance system, Armenian Prime Minister Nikol Pashinyan said, answering the questions of Armenian residents and representatives of the Diaspora online