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Total of insurance contributions decrease by 15.2%

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  • Total of insurance contributions decrease by 15.2%

    TOTAL OF INSURANCE CONTRIBUTIONS DECREASES BY 15.2% TO AMD 3.9BLN IN
    ARMENIA FOR 1ST QUARTER 2006

    ARKA News Agency, Armenia
    Aug 3, 2006

    YEREVAN, August 3. /ARKA/. The total of insurance payments made by
    insurance companies for the 1st quarter 2006 totaled AMD 3.9bln in
    Armenia. The National Statistical Service reported that amount of
    this indicator compared with the beginning of 2006 decreased by 15.2%
    or AMD 697mln.

    At the same time, the amount of insurance payments made by insurance
    companies in the 1st quarter 2006 decreased by AMD 77mln and totaled
    AMD 444.6mln.

    According to the statistics, the amount of insurance risks under the
    contracts in force by March 31, 2006, totaled AMD 1,184.8bln, 31.6%
    or AMD 549.3 decrease compared with the beginning of the year. At the
    same time, the number of active insurance contracts increased by 5991
    and totaled 29,449.

    As of March 31, 2006, 26 insurance companies were incorporated in
    Armenia against 23 at the beginning of the year. ($1 - AMD 415.54).
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