ARMENIA: INSURERS’ TOTAL ASSETS DROP 7.5%

Business Insurance
Nov 14 2013

November 14, 2013 – 6:00am

The total assets of the seven insurers operating in Armenia stood at
46.2 billion Armenian drams ($113.7 million) as of the end of September
2013, a 7.5% decline from the prior quarter, Forinsurer reported.

The top insurer in terms of assets was CJSC Rosgosstrakh Armenia with
AMD 11.5 billion, up 28%. It was followed by CJSC Ingo Armenia, which
had assets worth AMD 10.9 billion, up 14%, and CJSC Reso Insurance,
which had assets worth AMD 8.7 billion, up 72%.