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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.