ARMENIA: VTB Bank and Rosgosstrakh launch an insurance product "Clean House"

VTB Bank (Armenia) and the insurance company Rosgosstrakh Armenia represent a new product - real estate insurance "Clean House". As the press service of the Bank told ArmInfo, the cost of the "Clean House" package is 13.5 thousand drams, the total insurance sum is 1 million drams. Read the full story

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Armenia: Changes in the process of concluding MTPL contract

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ARMENIA: Insurers' consolidated net profit 74% up y-o-y

Net profit achieved by the six insurance companies operating on the Armenian market amounted to AMD 2.6 billion (EUR 4.9 million) in 1H2016, up by 74% y-o-y in local currency, according to ArmInfo Rating Agency. GWP grew by 4.2% to AMD 15.8 billion (EUR 29.8 million), while claims paid rose by 0.7% to AMD 6.2 billion (EUR 11.7 million).

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The 9th International Istanbul Insurance Conference started today in Istanbul

In emerging markets like Turkey, there can be a significant difference between the insured and total insurable losses. Parametric insurance is a smart way to close this protection gap. While the traditional products cover an insured loss, parametric products provide financial protection for various expenses from financial liabilities to contingent loss of profit which, in return, decreases the economic loss burden following a CAT event.

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61st "Rendez-Vous de Septembre" ends today in Monte Carlo: review

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