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Tag: premiums

Insurance companies collect about 30 billion drams as premiums for insurance of vehicles

Insurance admin -
Six Armenia-based insurance companies collected a total of 29.9 billion drams in the first 9 months of 2019 as premiums for mandatory insurance of vehicles and paid 16.7 billion drams in damage compensation claims

Armenian insurance companies’ premiums in 9 months grew by 0.13% year-on-year to 22.5 billion drams

Insurance admin -
Six Armenia-based insurance companies collected a total of 22.5 billion drams of insurance premiums in the first 9 months of 2015, a 0.13% year-on-year growth

Bonus-malus system to reward bona-fide motorists

Insurance admin -
On January 1, 2013 Armenia began introducing the so-called bonus-malus system designed to reduce an insurance premium, especially one covering a motor vehicle, if no claims have been made within a specified period

Armenia’s insurance premiums to surge 66% to AMD 36.8bln in 2012-2014

Insurance admin -
The insurance premiums in Armenia are expected to rise by 66% to 36.8 billion drams in 2012-2014 from 2011

65% of car insurance premiums in Armenia collected by three insurance companies at 1st h 2011

Insurance admin -
Armenia’s insurance companies, mandatory car insurance market leaders for collected insurance premiums and paid compensations, have collected AMD 7.89 billion or 65.2% of the market’s premiums over the period between January 1 and June 30.

ArmBanks.am - ARKA News Agency financial-banking portal
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US dollar rate down 0.35 points to 397.92 drams

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The average market exchange rate of the US dollar to the Armenian dram as of January 30, 2024, was 397.92 drams, down 0.35 points compared to January 29.

Loans and deposits of Armenian banks grew in November due to AMD-denominated  funds – WB

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Commercial bank deposits in Armenia grew 2.3 percent (mom) in November, and loans increased 2.6 percent (mom), driven by AMD-denominated funds, the World Bank says in its latest Armenia Monthly Economic Update – January 2025 review.

Armenia’s 1.5% inflation in December is the highest since April – WB

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Armenia's inflation picked up to 1.5 percent (yoy) in December, the highest rate since April 2023, according to World Bank's Armenia Monthly Economic Update – January 2025 review.

Armenia’s refinancing rate back to August 2022 level – WB

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The refinancing rate in Armenia has returned to the level of August 2022, according to the World Bank's review Armenia Monthly Economic Update - January 2025.

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