Nairi Insurance concluded 2025 with significant achievements, notable progress, and ambitious plans for the future.

In parallel with the development of the financial sector, the Company continues to maintain and strengthen its stable position in the insurance market.

According to 2025 results, Nairi Insurance recorded solid growth in product development while further reinforcing its financial stability.

In particular:

•    Nairi Insurance is the leader of the insurance market by gross written premiums. In 2025, the Company’s market share reached 17%, equivalent to over AMD 14.6 billion. 

•    Gross written premiums increased by 10% compared to 2024.

•    During the reporting year, Nairi Insurance maintained a well-balanced diversification of its gross written premium portfolio between voluntary and mandatory insurance classes, with 52% voluntary and 48% mandatory insurance in 2025.
•    As of 2025, Nairi Insurance is the market leader in the cargo insurance segment. Thanks to a well-chosen strategy, the Company recorded 14% portfolio growth in this class, further strengthening its leading position.

•    In 2024-2025, Nairi Insurance continued to maintain its leading position in the MTPL portfolio.

•    The Company’s leadership in the MTPL portfolio is supported by a sound strategic approach and a customer-oriented policy. According to data published by the Armenian Motor Insurers Bureau NGO, in 2025 Nairi Insurance accounted for 19.7% of MTPL premiums collected in the market and 19.4% of MTPL compensation paid.
•    At the end of 2025, the Company’s annual profit amounted to AMD 559 million, representing an increase of approximately 5.5 times compared to 2025.
•    By the end of the reporting year, Nairi Insurance recorded an approximately 5% increase in assets and a 14% increase in total capital.
•    According to 2025 data, Nairi Insurance is included in the list of Armenia’s 1,000 largest taxpayers.
•    In addition to strong financial performance, the Company achieved significant success in establishing partnerships in foreign markets.

Nairi Insurance began 2026 with a major acquisition, marking a logical continuation of the strategic partnership signed in 2025 with AXA, one of the world’s largest insurance companies. As part of this cooperation, Nairi Insurance and AXA have already introduced a jointly developed international health insurance program – Global Health Insurance (IPMI). This program is unprecedented in its scope and content for Armenia and the wider region.

Why is the program exclusive? 

Until now, insurance solutions available in the Armenian market offered limited access to medical services abroad and were usually tied to specific cases, events, or circumstances.

Travel insurance, which is purchased before departure, only applies in the event of an accident abroad that requires emergency medical care. Treatment is typically organized through an intermediary, or the insured person must independently find a medical facility and cover the costs upfront – often involving significant time, stress, and uncertainty.

There are also Critical Illness Insurance programs on the market. These policies apply only if a serious illness develops after the policy is issued and reaches a defined critical stage – such as oncology, stroke, or heart attack. Coverage usually comes in the form of a lump-sum payment, and only in rare cases does it include the organization of treatment abroad. In addition, such programs often have waiting periods that vary by policy.

An international health insurance package – never before offered in Armenia – is now available. The program is designed for citizens of the Republic of Armenia as well as individuals holding a residence permit in Armenia. Insured persons receive an AXA card, granting access to preventive care, planned inpatient and outpatient treatment, and medical services that are not available in Armenia. All services are provided at leading medical centers in Armenia and worldwide, included in the networks of top international insurers, with no hidden waiting periods. 

What does the AXA card offer? 

With an AXA card, insured individuals can undergo annual preventive medical examinations in line with international standards, receive planned outpatient and inpatient treatment, including surgeries, access professional treatment for complex conditions, such as oncology and cardiovascular diseases, receive care at top medical centers in 50+ countries worldwide. In addition, the program offers 24/7 Armenian-language support, a personal manager, the freedom to choose doctors and medical institutions independently, and a range of other customer-focused benefits.

Nairi Insurance was founded in 1996 and is currently the oldest operating insurance company in Armenia. In 2026, the Company celebrates its 30th anniversary.

Nairi Insurance is the first and only insurance company in Armenia to be rated by an international rating agency. It holds a B1 rating with a stable outlook from Moody’s, reflecting the Company’s financial stability, transparent operations, and strong development prospects.