RGS-Armenia

What RGS-Armenia does

Liga Insurance (RGS-Armenia, legal name Լիգա Ինշուրանս) is an Armenian private insurance company founded in 2008, headquartered in Yerevan, and self-reported as the #1 insurer in Armenia. The company serves more than 1.7 million individual customers and has serviced over 4.2 million mandatory auto liability (MTPL/APPԱ) contracts since 2011, paying out 10.57 billion AMD (approximately USD 27.5 million) in claims during 2024. Its product portfolio spans mandatory and voluntary auto insurance (MTPL, CASCO), affordable health insurance (Minimed), outbound travel insurance, property insurance, personal accident (e-Family), and commercial insurance for legal entities.

The company's core technology platform is the LIGA Mobile application (iOS and Android), which supports end-to-end self-service: e-signature contract purchase for online products (e-MTPL, e-Minimed, e-Travel, e-Family), claims submission, and policy management. Distribution combines this digital channel with a nationwide physical branch network and a 24/7/365 contact center. The recently introduced e-SIM Travel product bundles mobile connectivity with travel insurance, illustrating experimentation with embedded distribution formats.

Liga operates a subscription-based insurance premium revenue model with annual billing cadence and quote-based pricing that varies by product line and individual risk factors; mandatory MTPL pricing is regulated by the Armenian Central Bank. In February 2026, the Central Bank of Armenia approved Austrian GRAWE Group and C-Quadrat Investment Group becoming shareholders, providing international capital and reinsurance expertise. This was followed by a cooperation memorandum with the Universal Health Insurance Foundation (Feb 2026) targeting health insurance expansion and a brand identity refresh announced at the company's 18th anniversary in May 2026.

Name

RGS-Armenia

Legal name

Լիգա Ինշուրանս (Liga Insurance)

Website

https://rgs.am

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

251–500 employees

Short description

Liga Insurance is Armenia's leading insurance company, offering auto, health, travel, property, accident, and business coverage to over 1.7 million customers via the LIGA Mobile app, online portal, and nationwide branch network, now backed by Austrian shareholders GRAWE and C-Quadrat.

Ownership category

akta.pro rank

Product category

General Insurance

NAICS

Direct Insurance (except Life, Health, and Medical) Carriers (52412), Direct Life, Health, and Medical Insurance Carriers (52411)

SIC

Insurance Carriers, Nec (6399), Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

General Liability Insurance (FSAJAMAE)

Keywords

• Auto liability insurance
• Health insurance
• Travel insurance
• Property insurance
• Casco insurance

Headquarters

HQ city

Yerevan

HQ country

Armenia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Insurance Premiums: Collection of insurance premiums from various lines of business including mandatory auto liability insurance (APPА), voluntary auto/casco insurance, health insurance, travel insurance, and property insurance

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

RGS-Armenia (Liga Insurance) is an Armenian general insurance company that underwrites and distributes mandatory auto third-party liability (MTPL/APPА), voluntary CASCO auto, health (Minimed), travel, property, business, and personal accident (e-Family) insurance products. The company combines a traditional branch and 24/7 contact-center distribution model with a digital-first platform anchored by the proprietary LIGA Mobile application that enables customers to purchase policies, sign contracts electronically, and file claims online.

Product overview

Liga Insurance (RGS-Armenia) is a leading Armenian insurance company operating since 2008, offering a comprehensive portfolio of insurance products. The company provides both individual and business insurance solutions including auto insurance, health insurance, travel insurance, and property insurance. The product portfolio consists of core insurance offerings plus a digital ecosystem built around the LIGA Mobile app, which enables customers to independently manage their insurance policies online. Online insurance products include e-Family (personal accident), e-MTPL (mandatory third-party liability), e-Minimed (affordable health), and e-Travel, all available for purchase through the digital platform. The company has served over 1.7 million customers since 2008 and has paid out over 10.57 billion AMD in claims as of 2024.

Differentiator

Problem solved

Functional benefit

Brands

• LIGA Mobile: Mobile application for managing insurance policies, purchasing travel insurance, and accessing online services

Products and services

• Auto Insurance (APPА / MTPL and CASCO) Auto insurance covering mandatory third-party liability (APPА/MTPL) and voluntary CASCO for vehicle owners, available to individuals and businesses online (e-APPА) and through branches.
• Health Insurance (Minimed / e-Minimed) Affordable health insurance providing accessible healthcare coverage for individuals, available online through e-Minimed and through branches.
• Travel Insurance (e-Travel) Travel insurance for individuals traveling abroad, purchasable online through e-Travel and via LIGA Mobile.
• Property Insurance Property insurance providing coverage for individuals' residential and personal property.
• Business Insurance Insurance products tailored for businesses, legal entities, and corporate clients covering commercial vehicles, operations, and business assets.
• Personal Accident Insurance (e-Family) Personal accident insurance product providing coverage for accidents affecting families, available for online purchase via e-Family.
• LIGA Mobile Application Mobile application (iOS and Android) that lets customers independently purchase insurance policies (with e-signature), manage their existing contracts, and submit claims digitally.

Quantifiable outcome

• Over 10.57 billion AMD in claims paid in 2024
• +1 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• Universal Health Insurance FoundationcoreStrategic or Co-development Partner · 8 February 2026The Universal Health Insurance Foundation signed a memorandum of cooperation with Liga Insurance and three other leading insurance companies to develop health insurance in Armenia. This partnership supports the advancement of universal health coverage in the country.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Allianz: Allianz is a global multi-line insurance carrier offering motor, health, property, and travel cover with deep digital distribution. It is a broad incumbent benchmark for Liga on product breadth, claims technology, and potential CEE market entry by global competitors.
• Vienna Insurance Group (VIG): Vienna Insurance Group is the leading Austrian/Central-Eastern European multi-line carrier with extensive motor and property operations across CEE. It is a broad incumbent peer relevant to Liga given shared Austrian ownership heritage and overlapping CEE insurance frameworks.
• AXA: AXA is a global multi-line insurer offering motor, health, property, and travel products with strong digital channels. It serves as a broad incumbent peer and benchmark for Liga on direct-to-consumer digital insurance experiences.
• GRAWE Group: GRAWE is an established Austrian multi-line insurer that became Liga's new shareholder in Feb 2026. Comparable as a broader European incumbent operating in life, P&C, and health with much larger scale, providing a benchmark for Liga's product evolution and underwriting discipline post-acquisition.
• Generali: Generali is a large European multi-line insurer with significant CEE presence via its regional subsidiaries. It is a broad incumbent comparable to Liga on P&C underwriting, agency/digital distribution mix, and reinsurance arrangements.

Direct peers

• Armenia Insurance (ArmenBrok): ArmenBrok is an Armenian insurance carrier with a long-standing retail and corporate book across motor, property, and health. It is also among the four leading insurers in the 2026 universal health consortium alongside Liga, making it a directly comparable peer.
• Sil Insurance Armenia: Sil Insurance is a mid-sized Armenian carrier active in motor liability, casco, and personal lines. It is one of the four signatories (alongside Liga) of the February 2026 Universal Health Insurance Foundation memorandum, making it a direct peer on both P&C and emerging health lines.
• Rosgosstrakh Armenia: Rosgosstrakh Armenia (affiliate of the Rosgosstrakh group) is a direct Armenian market competitor providing motor, property, and personal insurance. Highly comparable given shared Armenian regulatory environment and overlapping product portfolio with Liga.
• Ardshinbank Insurance (Ardshininvest): Ardshininvest is an Armenian insurance carrier affiliated with Ardshinbank, offering motor, property, and health lines to retail and SME clients. It competes head-to-head with Liga on APPΑ, voluntary CASCO, and digital distribution.
• INGO Armenia: INGO Armenia is one of the leading P&C and life insurance carriers in the Armenian market, offering motor, health, property, and travel coverages. It is a direct competitor to Liga Insurance for the same consumer and SME customer base in Armenia, with overlapping digital distribution and agency networks.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/RGSArmenia

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about RGS-Armenia