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1 EUR - 7.4623 HRK
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1 EUR - 311.47 HUF
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Armenia

Location:
Southwestern Asia, between Turkey (to the west) and Azerbaijan

Climate:
highland continental, hot summers, cold winters

Natural hazards:
occasionally severe earthquakes; droughts







Currency: Drams (AMD)

1 EUR = 577.47 Dram - AMD (December 31st, 2014)
1 EUR = 559.54 Dram - AMD (December 31st, 2013)
1 EUR = 532.24 Dram - AMD (December 31st, 2012)
1 EUR = 498.72 Dram - AMD (December 31st, 2011)
1 EUR = 481.16 Dram - AMD (December 31st, 2010)

Sources:
ArmInfo News Agency
Central Bank of Armenia

Insurance statistics

1H2016Market Portfolioxlsx
1H2016Insurance Companies Rankingsxlsx
FY2015Market Portfolioxlsx
FY2015Insurance Companies Rankingsxlsx
1H2015Market Incicatorsxlsx
FY2014Insurance Companies Rankingsxlsx
FY2014Market Portfolioxlsx
1H2014Insurance market overview pdf
1H2014Market Portfolioxlsx
1H2014Insurance Companies Rankingsxlsx
FY2013Insurance market overview pdf
FY2013Market Portfolioxlsx
FY2013Insurance Companies Rankingsxlsx
1H2013Insurance market overview pdf
1H2013Market Portfolioxlsx
1H2013Insurance Companies Rankingsxlsx
FY2012Market Portfolioxlsx
FY2012Insurance Companies Rankingsxlsx
FY2012Insurance market overview pdf
1H2012Insurance market overview pdf
1H2012Market Portfolioxlsx
1H2012Insurance Companies Rankingsxlsx
FY2011Insurance market overview pdf
FY2011Market Portfolioxlsx
FY2011Insurance Companies Rankingsxlsx
1H2011Insurance market overviewpdf
1H2011Market portfolio and rankingsxlsx
2010Insurance market overviewpdf
2010Market portfolio and rankingsxls



ARMENIA: Armeconombank and SIL Insurance recognized by central bank as joint financial group

The Central Bank of Armenia has qualified Armeconombank OJSC and SIL Insurance CJSC as a financial group - SIL Multifunctional Financial Group. More
(19.04.2017)

ARMENIA: Compulsory Vehicle Insurance "direct payout"tool launched on April 1 2017

From April 2017 new conditions of CVI  insurance indemnifications are  enforced  in Armenia. As Vahan Avetisyan the director of  Armenian Motor Insurance Bureau has stated earlier, in 2016 all the necessary technical and procedural backgrounds were created so that from April 2017 CVI insurance certificates holders  could receive indemnifications from their insurance company.
More
(10.04.2017)

ARMENIAN insurers collected AMD 17.8 billion in 2016 as GWP for mandatory insurance of vehicles

Six Armenia-based insurance companies collected a total of 17.8 billion drams in 2016 as premiums for mandatory insurance of vehicles and paid 8.8 billion drams in damage compensation claims, according to ARKA news agency's bulletin "Insurance companies of Armenia" for the fourth quarter of 2016. More
(01.03.2017)

ARMENIA-based insurers earned AMD 4.058 billion in net profit in 2016

Armenia-based six insurance companies earned a total of 4.058 billion drams in net profit in 2016, up from 2.672.8 billion drams they had earned in 2015 (51.8% increase), according to ARKA news agency's bulletin "Insurance Companies of Armenia" for the fourth quarter of 2016. All six companies closed the past year with a profit, whereas in 2015 two companies reported losses. More
(23.02.2017)

ARMENIA, IRAN sign MOU on insurance co-op

Iran and Armenia signed a Memorandum of Understanding (MOU) to expand bilateral insurance cooperation in Yerevan on Thursday, IRNA reported. More
(13.02.2017)

ARMENIAN iinsurers paid over AMD 2 billion in taxes in 2016

The list of Armenia's 1000 largest corporate taxpayers in 2016 includes all six insurance companies, operating in the country, which paid about 2.09 billion drams in taxes, up from 1.77 billion drams they had paid in 2015, the State Revenue Committee said. Some 93% of that amount were direct taxes, the Committee said. More
(02.02.2017)

ARMENIA's median gross monthly salary in 2016 was AMD 187,850

The median gross monthly salary in Armenia in 2016 amounted to 187,850 drams ($391 or 26,127 Russian rubles), which was by 1.7% more than in 2015, according to the figures, released today by the National Statistical Service (NSS). More
(01.02.2017)

ARMENIA: Fitch Affirms Armenia at 'B+'; Outlook Stable

Fitch Ratings has affirmed Armenia's Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at 'B+' with Stable Outlook. The issue ratings on Armenia's senior unsecured Long-Term Foreign Currency bonds have also been affirmed at 'B+'. The Country Ceiling has been affirmed at 'BB-' and the Short-Term Foreign Currency and Local Currency IDRs at 'B'.
More
(24.01.2017)

ARMENIA: INGO Armenia to offer new products to its clients in 2017

INGO Armenia insurance company will improve the quality of its services and will offer new products to its clients, Arevshat Meliksetyan, executive director of the company, told journalists on Wednesday. More
(09.01.2017)

ARMENIA: No consolidations expected in insurance in 2017

Arevshat Meliksetyan, executive director of INGO Armenia, told journalists on Wednesday, that he expected no consolidations in Armenia's insurance sector in 2017. More
(09.01.2017)

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