According to the Bureau, the number of vehicles with MTPL policies increased by only 1.1% in 2024, while a year ago the growth was 10%. It is noted that in the total number of MTPL contracts, the share of e-policies rose from 25% to 31% over the year.
At the end of 2024, GWP collected under effective contracts exceeded AMD 29.7 billion (USD 75 million), while paid claims reached AMD 21.9 billion (USD 55.1 million).
According to the Bureau, the largest number of vehicles with MTPL policies belong to LIGA Insurance (138,347 thousand units), which also has the highest MTPL loss ratio at 90%. In second and third place in terms of the number of vehicles with MTPL policies are Nairi Insurance and Sil Insurance - 132.8 thousand units and 132.4 thousand units, respectively, MTPL loss ratio of which is 73% and 83%. The largest contribution in GWP collected under effective MTPL contracts is also made by Nairi Insurance and LIGA Insurance – AMD 6.7-6 billion (23-20% of the total), and they are also leaders in MTPL paid claims – AMD 4.8-5.8 billion (22-27% of the total).
* 396.56 AMD = 1 USD (as of December 31, 2024)
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