Location map
author: OCHA/ ReliefWeb

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

- highland continental, hot summers, cold winters.

Natural hazards:
- occasionally severe earthquakes; - droughts.

Macro indicators
* 2018 estimates
Pop. density*:100.5people/km2
GDP*:11.0EUR billion

Currency: Dram

Code: AMD
Since: 1993

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



ARMENIA: agroinsurance mechanism to be launched soon

As Armenian Prime minister Nikol PASHINYAN announced, agricultural insurance is about to start in the country, and its mechanism will be operated in a test mode at the first stage to determine all possible weak points, ArmInfo reports.

STATISTICS: ARMENIA, 1Q2019: market growth slowed down by 30%

Total GWP of Armenian insurers in the 1st quarter amounted to AMD 16.5 billion (EUR 30.28 million), 17.4% more y-o-y in local currency (vs 47.6% a year ago according to the insurer's portfolio data), market results from ArmInfo show.

ARMENIA: average MTPL loss ratio increased to 64.5%

For the first three months of this year, the average MTPL loss ratio increased from 62.9% to 64.5% (without deduction of reserves) and from 71.1% to 73.7% (with deduction of reserves), according to the Bureau of Motor Insurers.

ARMENIA: export insurance in 2018 increased by 73%

In 2018 export insurance recorded a significant growth. Total insured amount was AMD 7.9 billion (+73% y-o-y), at that total insurance premiums exceeded the planned level for 2018-2020 by 31%, as the press office of the Export Insurance Agency of Armenia announced.