The Insurance Industry in Armenia, Key Trends and Opportunities to 2018

Date: 2015-09

Although very small, the Armenian insurance industry registered significant growth during the review period (2009โ€“2013). Its written premium grew at a review-period compound annual growth rate (CAGR) of 50.9%. This was mainly due to the introduction of mandatory third-party motor insurance in 2011, which had a significant impact on the growth of motor insurance and the overall insurance industry. The written premium value of the motor insurance category rose at a review-period CAGR of 209.8%.

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