Insurance Newsletter
- frequency: weekly, every ThursdayOn the Armenian insurance market, the MTPL loss ratio has been declining in 2025 - in March it was 77.5% (vs 90.8% last year), according to the data of the Armenian Bureau of Motor Insurers, ArmInfo reports.
The Armenian government will assume the role of reinsurer under the agricultural insurance program in 2025, as stated by Armenian Minister of Economy Gevorg Papoyan, ArmInfo reports.
In 2024 the insurance market of Armenia practically did not grow - the growth was less than 2%, total GWP reached AMD 72.37 billion (EUR 174.86 million), as shown by the data of the Financial Rating of Insurance Companies provided to ArmInfo. It’s worth noting that in euro the market grew by 10.29% thanks to a more favorable exchange rate compared to 2023.
The net profit of the insurance sector in Armenia, after a 4.5-fold jump in 2022, began to decline in 2023, remaining in this trend in 2024 with a little slowdown in rate from 33% to 26%.
For the second year in a row, LIGA Insurance tops the list of major taxpayers in Armenia among insurance companies. According to the State Revenue Committee data for January-December 2024, LIGA Insurance ranks 453rd (vs 384th a year earlier) on the list, having paid AMD 734.7 million (~EUR 1.92 million) to the state budget, ArmInfo reports.
As another edition of Baden Baden Reinsurance Meeting closes its gates, the re/insurance world had its eyes on the German town, where the current trends and future expectations of the industry are being the focal points of the discussions.
On Sunday, 23 October, over 230 insurers and reinsurers from all over the world met at the 8th edition of the Baden-Baden XPRIMM Reception, the traditional event organized by XPRIMM during the Baden-Baden Meetings.
An exquisite atmosphere, experience changes between re/insurance specialists and valuable business networking opportunities were key elements of the 5th edition of the AZERI Evening in Baden-Baden, the event which took place on Sunday, 23 October, at the Casino Restaurant Sommergarten.
SWISS RE, JLT Re, TRUST Re, and CERTASIG were the winners of the 2016 XPRIMM Award for outstanding contribution to the development and evolution of the insurance and reinsurance market. The awards were given during the XPRIMM Insurance Awards Ceremony organized within the Baden-Baden XPRIMM Reception 2016.
Seven new titles of the well-known XPRIMM Publications are available this year on the XPRIMM Baden-Baden press stands opened in the Kurhaus Casino and in the main business meeting points. The specialized magazines present the latest statistical data and comprehensive analysis for the CEE, SEE and CIS insurance markets.
12 - 13 June 2025
Batumi, Georgia
25-27 May 2025
International Hotel, Sinaia, Romania
fiar.ro
26 February 2024
Hotel Marshal Garden, Bucharest, Romania
