According to the Bureau, as of January 1, 2019 annual growth of the number of vehicles in the country amounted to 2.1%, while the same figure in 2017 was 6.4%. Annual growth of the number of MTPL agreements in 2018 reached 11.4%. From which 1.9% was represented by e-policies. In terms of shares in the total number of MTPL agreements in 2018 the leader is ROSGOSSTRAKH (25.23%), followed by NAIRI Insurance (23.44%), INGO Armenia (22.34%), SIL Insurance (12.29%), Armenia Insurance (8.53%) and RESO (8.17%). In terms of the total number of e-policies the leading company is INGO Armenia (29.05%), second goes ROSGOSSTRAKH Armenia (27.93%) and the third is Armenia Insurance (24.35).
Total volume of MTPL GWP in 2018 amounted to AMD 19.6 billion (+5.5% y-o-y vs. annual growth by 4.9% in 2017). In terms of GWP the leader is again ROSGOSSTRAKH Armenia (26.4%), the second and third places taken by NAIRI Insurance and INGO Armenia (21% and 24% accordingly), and the minimal share in GWP was generated by RESO (7.9%). The average amount of insurance premium in 2018 decreased by 5.3%, and the average amount of MTPL paid claim, to the contrary, went up by 5%.
MTPL paid claims in 2018 exceeded AMD 13.9 billion (+16.8% y-o-y). The leader in terms of paid claims is ROSGOSSTRAKH Armenia (27.8%), as ArmInfo wrote.
*EUR 1 = AMD 553.65 (31.12.2018)