Summary of Insurance Market Results: First Quarter of 2025
While total insurance premiums amounted to 22.0 billion AMD in the first quarter of 2024, this figure dropped to 20.5 billion AMD in 2025, marking a decline of approximately 7%.
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While total insurance premiums amounted to 22.0 billion AMD in the first quarter of 2024, this figure dropped to 20.5 billion AMD in 2025, marking a decline of approximately 7%.
2025 started with steady growth for EFES ICJSC, strengthening its position as the leader in voluntary insurance in Armenia. The Company continues to grow...
EFES Insurance Company, which entered the market in July 2023, achieved high growth rates in 2024, establishing itself as the leader in the voluntary insurance market...
EFES Insurance introduces EFES Oncocare, a new insurance product designed for individuals, families, and businesses...
Business associations bring together business owners to provide benefits to them, help in their business programs. The members of...
The primary purpose of life insurance is guaranteeing to compensate a fixed financial entirety to a person or a family on the tragic occasion of their income...
Having 2020 in the rear-view mirror, the overall expectations toward the future significantly improve. The global pandemic, despite starting a year earlier, came in full effect in 2020...
To say that 2020 was a challenging year, is nothing but underwhelming. Across countries and industries, everyone felt the difficulties of the year. Certainly, the biggest hit for the people was the pandemic, which took millions of lives. Others, lucky to survive the disease, were left to face the economic…
Insurance is an integral part of any economy. While sometimes its economic importance is somewhat hidden and hardly comprehensible by the masses, it guarantees...
The mining industry is one of the most significant contributors to Armenian GDP and exports. It’s a pivotal contributor to the economy. Over half of Armenia's mineral resources exports were accounted for ore concentrates and metals, solidifying...