Armenia
ARMENIA: Life insurance to become a strategic growth direction for LIGA Insurance
Following the acquisition of 100% of the Armenian LIGA Insurance by the Austrian GRAWE Group and C-Quadrat Investment Group, life insurance will become a strategic growth direction for the insurer in the coming years, according to Vahagn Agavelyan, Deputy Executive Director of LIGA Insurance, ArmInfo reports.
9 February 2026Armenia: GRAWE Group and CQ Investment Group acquire LIGA Insurance Company
The GRAWE Group and the CQ Investment Group have jointly acquired 100% (75% and 25% respectively) of LIGA Insurance Company. The transaction marks a key step in their international growth, strengthening their presence in Armenia and the wider Caucasus region.
4 February 2026ARMENIA: MTPL loss ratio declines to 76.3% in 2025
The MTPL loss ratio in Armenia's insurance market fell from 81.8% to 76.3% in 2025, according to data from the Armenian Bureau of Motor Insurers, ArmInfo reports.
26 January 2026ARMENIA: New, reformed agroinsurance program planned for launch in 2027
The Armenian Ministry of Economy, which oversees the country's agriculture sector, is proposing to fully subsidize insurance premiums from the state treasury as part of its agricultural insurance program for 2026, as well as provide agricultural entrepreneurs with a subsidy of up to 40-60% (inclusive) of insurance premiums stipulated by insurance contracts, ArmInfo writes.
26 January 2026STATISTICS: ARMENIA, 3Q2025: Motor insurance generated nearly 48% of total GWP
Armenian insurance market at the end of 3Q2025 amounted to AMD 63.17 billion (EUR 140.59 million), which in local currency represents a 16.55% increase y-o-y, according to the data of the Financial Rating of Insurance Companies provided to ArmInfo.
11 December 2025ARMENIA: Insurance sector’s net profit in 9M2025 rises due to high tariffs
Armenia's insurance sector’s net profit increased fourfold year-on-year in the first nine months of 2025 (vs a 77.5% decline a year ago), reaching AMD 2.8 billion (USD 7.3 million), ArmInfo reports.
25 November 2025ARMENIA: MTPL loss ratio at end September was 75.2%
The MTPL loss ratio in the Armenian insurance market has been declining since 2025, reaching 75.2% for the first nine months of the year (vs 79.4% a year earlier), according to data from the Armenian Bureau of Motor Insurers, ArmInfo reports.
22 October 2025ARMENIA: 1.6 million people to join the universal health insurance system in 2026
The first phase of implementing the universal health insurance system in Armenia will begin in 2026, with the annual health insurance package set at ADM 129,600 (~EUR 288), according to Armenian Health Minister Anahit Avanesyan, ArmInfo writes.
7 October 2025ARMENIA: Health insurance loss ratio reaches 69% in 1H
In Armenia, rising medical costs have driven up the loss ratio in health insurance (both voluntary and with social packages, according to the source), which reached 69% by the end of the first half of 2025, according to the Financial Rating of Armenian Insurance Companies as of June 30, 2025, prepared by ArmInfo.
2 October 2025ARMENIA: MTPL loss ratio amounted to 74.4% by August
The MTPL loss ratio in Armenia has been declining since 2025, amounting to 74.4% in January-July (vs 79.3% a year earlier), according to the data of the Armenian Bureau of Motor Insurers, ArmInfo writes.
26 August 2025ARMENIA: Rising MTPL tariffs allowed insurers to achieve significant profit
A significant increase in MTPL tariffs since February of this year allowed insurance companies to improve their activities and achieve significant profit, according to data of the Financial Rating of Insurance Companies of Armenia as of June 30, 2025, prepared by ArmInfo.
21 August 2025STATISTICS: ARMENIA, 1H2025: motor insurance generates 47% of all market premiums
Total GWP in the insurance sector of Armenia for the first half of the year amounted to AMD 41.47 billion (EUR 92 million), which is 7.23% more y-o-y, according to the data of the Financial Rating of Insurance Companies provided to ArmInfo.
12 August 2025ARMENIA: MTPL loss ratio decreases to 73.2% in January-May
MTPL loss ratio on the Armenian insurance market has been declining since the beginning of 2025, amounting to 73.2% in January-May (vs 79.7% a year earlier), according to data from the Armenian Bureau of Motor Insurers, ArmInfo reports.
25 June 2025ARMENIA: Farmers insured a small amount of land in 2025
In 2025, farmers insured a small amount of land, as reported by Deputy Minister of Economy of Armenia in charge of agriculture, Arman Khojoyan, ArmInfo writes.
17 June 2025ARMENIA: Insurance sector’s net profit growth exceeds 82% in 1Q2025
In 1Q2025, total net profit of the Armenian insurance sector grew by 82.3% y-o-y (vs a 73% decline a year earlier) and reached AMD 807.2 million (USD 2.1 million), ArmInfo writes.
21 May 2025STATISTICS: ARMENIA, 1Q2025: MTPL is now the leader in the market GWP portfolio
In the first quarter of 2025, the insurance market of Armenia grew by 8.62%, amounting to AMD 20.92 billion (EUR 49.39 million), according to the data of the Financial Rating of Insurance Companies provided to ArmInfo.
13 May 2025ARMENIA: Of the EUR 5.3 million allocated by KfW for agroinsurance, EUR 500,000 to be used for advisory and technical assistance in the process
On April 23, the Armenian government approved signing of the second agreement on amendments to the financing agreement between the Republic of Armenia and German KfW Development Bank in the amount of about EUR 5.34 million for the Agricultural Insurance Support Program, signed on December 18, 2017 and amended by an agreement of February 6, 2018, ArmInfo reports.
28 April 2025ARMENIA: In 1Q2025 tax payments of the insurance sector decrease by 7% y-o-y
3 out of 7 insurance companies, operating on the Armenian market, were included into the list of 1000 largest taxpayers of Armenia in 1Q2025, as in the previous year - LIGA Insurance, INGO and Sil Insurance, according to the data of the State Revenue Committee of the Republic of Armenia, ArmInfo writes.
28 April 2025ARMENIA: MTPL loss ratio at the end of 1Q amounts to 79%
The MTPL loss ratio on the Armenian insurance market has been declining since the beginning of 2025, and at the end of 1Q it amounted to 79% (vs 86% a year earlier), according to the data of the Armenian Bureau of Motor Insurers, ArmInfo writes.
22 April 2025ARMENIA: Ministry of Health: Insurance coverage in Armenia may reach 80% in 3 years
Insurance coverage in Armenia will reach 80% in 3 years if work in this direction begins on January 1, 2026, as stated by Armenian Health Minister Anahit Avanesyan, ArmInfo writes.
1 April 2025
