Vehicle Owners in Armenia Paid $36.3 Million for Insurance in 2015
As of December 31, 2015, 457, 878 vehicles are registered as insured in Armenia.
Here’s the company breakdown in terms of overall market share.
- Rosgosstrakh-Armenia – 31%
- Inco Armenia – 22%
- Nairi Insurance – 16%
- Sil Insurance – 12%
- Reso Insurance – 12%
- Armenia Insurance 7%
In 2015, drivers in Armenia paid a total of 17.660 billion AMD (US$36.360 million) to insure their vehicles.
Rosgosstrakh-Armenia, the company enjoying the largest share of the market received 5.761 million AMD in insurance payments last year; followed by Inco (3.914 million), Nairi (2.873m), Sil (2.037m), Reso (1.892m) and Armenia Insurance (1.182m).
All six companies paid out 8.8 billion AMD in settlement payments in 2015.