ARMENIA, 3Q2015: GWP up by 0.13%

28 January 2016 — Olesea ADONEV
In the first nine months of 2015, the six active insurance companies of the Armenian market underwrote AMD 22.5 billion gross premiums, up by 0.13% y-o-y. Compared with the first quarter of 2015, GWP in the third quarter were down by 23.5%, according to АРКА news agency. At the same time the indemnities paid by local insurers totaled AMD 9.5 billion.

In the reporting period, the leading insurance company in terms of GWP was ROSGOSSTRAKH-Armenia (AMD 7 billion), followed by INGO Armenia (AMD 6.5 billion), NAIRI Insurance (AMD 3.2 billion), SIL Insurance (AMD 2.6 billion), RESO (AMD 1.8 billion) and ARMENIA Insurance (AMD 1.2 billion).

In the first nine months of 2015, members of Armenia's Motor Insurers' Bureau paid AMD 8.7 billion under the 40,939 cases of insurance damages, down by 12.7% compared to 2014.

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