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ARMENIAN INSURANCE COMPANIES READY TO OPERATE IN REGIONS
ARKA Armenian insurance companies are ready to start
June 12
YEREVAN
Operating in the country's regions due to sufficient level of economic
development in the regions and the expected law on compulsive insurance
of motor vehicle operation liability, said the review of the Central
Bank of Armenia (CBA) on options of development of Armenia's insurance
system for 2008-2012. The review is based on the business-plans of
insurance companies.
According to the forecasts made by insurance companies, legal entities
and citizens receiving credits and passengers leaving for abroad are
the main potential consumers of insurance services.
The overwhelming majority of Armenian insurance companies prefer
using reinsurance services of the companies that meet the reliability
criteria set by the CBA. Among basic partners of Armenian insurance
companies are "Score" (France), "Polish Re" (Poland), "Munich Re" and
"Hanover Re" (Germany), Russian "Ingostrakh" and "Rosno", insurance
market syndicates and "Lloyds" in particular, leading brokers of
reinsurance market , and etc.
Armenian insurance companies also take advantage of local brokers
providing reinsurance brokerage services.
According to the business-plans provided Armenian insurance companies
are to offer services mainly on insurance of on-land transport and
aircraft, motor vehicle use liability insurance, property insurance
against fires and natural disasters, freight insurance, health
insurance and support insurance.
12 insurance companies and 6 insurance brokers operate in Armenia
today.
ARKA Armenian insurance companies are ready to start
June 12
YEREVAN
Operating in the country's regions due to sufficient level of economic
development in the regions and the expected law on compulsive insurance
of motor vehicle operation liability, said the review of the Central
Bank of Armenia (CBA) on options of development of Armenia's insurance
system for 2008-2012. The review is based on the business-plans of
insurance companies.
According to the forecasts made by insurance companies, legal entities
and citizens receiving credits and passengers leaving for abroad are
the main potential consumers of insurance services.
The overwhelming majority of Armenian insurance companies prefer
using reinsurance services of the companies that meet the reliability
criteria set by the CBA. Among basic partners of Armenian insurance
companies are "Score" (France), "Polish Re" (Poland), "Munich Re" and
"Hanover Re" (Germany), Russian "Ingostrakh" and "Rosno", insurance
market syndicates and "Lloyds" in particular, leading brokers of
reinsurance market , and etc.
Armenian insurance companies also take advantage of local brokers
providing reinsurance brokerage services.
According to the business-plans provided Armenian insurance companies
are to offer services mainly on insurance of on-land transport and
aircraft, motor vehicle use liability insurance, property insurance
against fires and natural disasters, freight insurance, health
insurance and support insurance.
12 insurance companies and 6 insurance brokers operate in Armenia
today.