Per companies, at the end of the third quarter, corporate insurance dominated the premiums of two insurers - INGO Armenia (69%) and SIL Insurance (57.5%), while portfolios of the other four companies, on the contrary, were dominated by retail. Most of all retail insurance is prevailing in the portfolio of RESO (67.6%).
On the paid claims side, in the market in general the retail component is leading - the share of claims paid to retail clients accounted for 67.8% (AMD 11.6 billion), while corporate paid claims accounted for 32.2% (AMD 5.5 billion), and this ratio remained practically unchanged y-o-y. INGO Armenia was the only company, paid claims of which were dominated by corporate insurance (54.3%) by the end of the third quarter, while ROSGOSSTRAKH Armenia paid the most to retail clients (92.2%).
* at the following exchange rate:
1 EUR = 571.78 AMD (as of 30.09.2020)