It should be noted that, if compared to the same indicators at the end of the second quarter, the GWP growth rate has accelerated, while the growth rate of paid claims has slowed down.
The largest segments such as MTPL and health insurance grew by 5.47% and 13.17%, respectively. At the same time, all segments saw growth for the quarter, and the most impressive one was recorded in travel insurance (+185%).
Paid claims in some segments decreased, while in property insurance, on the contrary, they recorded a rapid growth - by more than 613%, to AMD 1.20 billion.
ROSGOSSTRAKH Armenia remains the leader of the six operating insurance companies (AMD 10.88 billion) and occupies almost 29% of the market. INGO Armenia holds the second place with a small margin (AMD 9.94 billion), and NAIRI Insurance ranks third.
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