ARMENIA: corporate insurance in 2018 accelerated growth from 8.5% to 28.8%
However, growth rates of corporate insurance last year were much higher than retail, from 8.5% in 2017 to 28.8% in 2018, while the growth of the retail insurance accelerated only from 4.5% to 8.4% y-o-y.
In total paid claims, the share of retail insurance amounted to 68.1% or AMD 15.5 billion, and the share of the corporate was 31.9%, or AMD 7.3 billion. In terms of paid claims, the growth rate of corporate insurance also accelerated significantly from 15% to 44%, while growth rate of retail insurance, on the contrary, decreased from 29% to 22%.
* 1 EUR = 553.65 Dram - AMD (December 31st, 2018)