ARMENIA: Medical insurance, mandatory from 2013

Health insurance could become mandatory in Armenia next year, according to statements given by Armen SHAHINYAN, representative of NAIRI Insurance, to website ArmInfo. He said that people that have health insurance policies belong rather to the well-off social group. So, it is necessary to launch mandatory health insurance so the whole population can afford to insure their health.

"I cannot say precisely when the law on compulsory health insurance will be adopted in Armenia, it might be in 2013, but I can say with confidence that mandatory health insurance will be introduced by all means". He also added that mandatory health insurance is the most effective instrument to solve the problems in the medical system.

According to ArmInfo, only 5-10% of the population in Armenia have health insurance.

In January 2012, in Armenia was introduced a social package for 120,000 state employees working at various state organizations. This social package consists of 4 components worth totally AMD 132.000 (EUR 275): voluntary health insurance, leisure and/or studies annual leaves and mortgage loans. The first component is the voluntary health insurance, which has a basic value of AMD 52.000 (EUR 108), which does not cover full treatment, the reason why insurance companies offer individual medical packages.

In 2011, GWP in health insuarance increased by 25.1%, to AMD 1.5 billion (about EUR 3 million). The share of health insurance in total gross written premiums was 6%.

Share |

Related articles

Armenia: insurance market grew by 47.6% after Q1

During the first 3 months Armenian market generated AMD 14.1 billion of premiums, which is 47.6% more than e year before, paid claims amounted to AMD 5.7 billion (+36.9%), according to ArmInfo agency.



Three new appointments at XL Catlin insurance operations

XL Catlin insurance operations announced on 4 June three appointments: Donnacha SMYTH as President Global Excess Casualty Insurance; Carla GREAVES as Chief Underwriting Officer, Global Excess Casualty; Aurelie FALLON SAINT-LO as Senior Underwriter, Environmental and Client & Distribution Leader for Western France.



5th Annual Insurance Business Forum "Challenges of the Year 2018"

will take place on September 17-21, 2018 in Sochi
The upcoming Forum, supported by the All-Russian Union of Insurers (ARIA), will logically continue a detailed discussion of the most pressing issues previously raised at ARIA events in 2018: Insurance and Reinsurance International Congress in Moscow and Insurance International Conference in St. Petersburg.


See all