The Armenian Insurance Industry is Regulated by the Central Bank of Armenia (CBA)

Date: 2015-09-10

“• The Armenian insurance industry is regulated by the Central Bank of Armenia (CBA). 

• FDI is permitted in the Armenian insurance industry up to 100%.

• The Armenian government introduced export insurance on March 29, 2013. 

• The CBA does not permit the practice of composite insurance; however, reinsurers are permitted to engage in both life and non-life reinsurance business.

• Non-admitted insurance is prohibited, however unlicensed reinsurers are permitted to engage in both life and non-life reinsurance business.”

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