YEREVAN. – Total of 9 companies are licensed for insurance in Armenia, however, only 7 operate in fact, Central Bank of Armenia report for the third quarter reads.

The assets of insurances companies for the third quarter of the year were reduced by 0.9 percent making AMD 38.8 billion. Liabilities were reduced by 2.8 percent making AMD 25.2 billion, while the total capital has increased by 2.8 percent making AMD 13.6 billion.

As part of the assets of insurance companies, relatively high were bank deposits (34.8), amounts received from direct insurance (21.7), investments in securities (5.5), and the share of reinsurers in insurance reserves (5).