Resumption of growth was also observed in terms of the number of MTPL contracts concluded. During the reporting period, annual growth accelerated to 18.7%, and in quantitative terms, in January-April 2022, more MTPL contracts were concluded than in the same period in 2019 (335,506 thousand vs 312,672 thousand). GWP increased by 20.6%, exceeding AMD 7.5 billion (EUR 15.64 million).
Paid claims in the segment for the period amounted to AMD 4.97 billion, which is 15% less y-o-y. MTPL loss ratio decreased in January-April 2022 to 67% from 86% in 2021, which is even lower than the pre-Covid level of 73% in 2019.
ROSGOSSTRAKH Armenia holds the leadership in terms of its share in the market GWP - 30.7%, and in terms of its share in paid claims - 32.45%. The second position is held by NAIRI Insurance.
*EUR 1 = AMD 479.32 (01.05.2022)