Armenia

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Location map
author: OCHA/ ReliefWeb


Location:
- Southwestern Asia.
- Neighbours: Turkey, Georgia, Azerbaijan, Iran.

Climate:
- highland continental, hot summers, cold winters.

Natural hazards:
- occasionally severe earthquakes; - droughts.

Macro indicators
* 2018 estimates
Surface:29,743km2
Population*:3.0million
Pop. density*:100.5people/km2
GDP*:11.0EUR billion
GDP/capita*:3,673.4EUR

Currency: Dram

Code: AMD
Since: 1993


Insurance market portfolio
* 2018 estimates
Overall Property*:9%
Overall Motor*:54%
Health*:26%

Sources:



 


Statistics

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Armenia 1Q2021 Market Ranking

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Armenia 1Q2021 Market Portfolio


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Latest news
















ARMENIA: after 9 months, corporate insurance accounts for almost 51% in the portfolios of insurers, while almost 68% of claims paid to retail clients

The results of the insurance market for 9 months of 2020 show that corporate insurance dominates in GWP portfolios of Armenian insurers (50.9% or AMD 17.2 billion/~EUR 30 million*), while retail insurance accounts for 49.1% (AMD 16.6 billion/~EUR 29 million*), against 49.7% and 50.3% correspondingly a year earlier, ArmInfo reports.