The Insurance Industry in Armenia, Key Trends and Opportunities to 2017 - New Report Available
The non-life insurance segment in Armenia achieved significant growth at a CAGR of 35.4% during the review period. This was largely attributed to the absence of life insurance, and the introduction of compulsory third-party motor insurance in 2011. According to Armenian law, insurance providers are required to choose between life and non-life insurance. As a result, insurers which were previously registered to provide both life and non-life insurance left the life segment due to comparatively low demand and concentrated on...
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