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INGOSSTRAKH EXPANDED ITS BUSINESS IN ARMENIA
Economic News (Information Agency Oreanda)
July 9, 2012 Monday
Russia
Yerevan. OREANDA-NEWS . July 09, 2012. In June 2012, the merger of
business of INGO Armenia and KASKAD Insurance insurance companies
came to an end. The transfer of KASKAD Insurance companys insurance
portfolio to INGO Armenia insurance company was authorized by the
decision of the Central Bank of Armenia .
As a result of assets merger, an unprecedentedly large company with
the insurance portfolio of over 8.7 bn. drams was established on the
Armenian insurance market. The main package of shares belongs to the
institutional investor the Russian company, Ingosstrakh.
Today the business processes of the two organizations have been
fully merged. The new insurance company received a unified team of
specialists in the sphere of insurance and has the most diversified
network of branches and representations in the Republic of Armenia .
Tatyana Kaygorodova, Deputy General Director of Ingosstrakh Insurance
Company, comments: The merger of the two companies resulted in
creation of an integrated insurance structure, which allows to
reach a principally new level of work and considerably increase the
quality of provided services, which will be comparable to international
standards accepted in INGO group. This first of all covers the customer
service, as well as document flow. The terms of servicing in customer
offices will be considerably reduced, the range of programs will be
replenished by relevant products, the branches will have the working
hours suitable for customers: these are just some of the innovations,
which our insurants will be able to appreciate very soon.
The INGO International Insurance Group (IIG) was established in 2004.
it unified insurance societies, as well as the companies providing
auxiliary services in relation to insurance and reinsurance, whose
controlling interest is managed by Ingosstrakh Insurance Company.
INGOs strategic goal is to build up a highly integrated insurance
commonwealth, which can ensure achievement of leading positions on
the target insurance markets by companies of the group, and also
development of cooperation in the sphere of insurance and reinsurance
operations to provide the customers with reliable financial protection
of their interests.
Today INGO IIG members, besides Ingosstrakh Insurance Company, include
six companies abroad, as well as seven companies within RF territory:
INGO Ukraine (Ukraine), INGO Ukraine Life (Ukraine), BelIngosstrakh
(Republic of Belarus), INGO Armenia (Republic of Armenia),
Kyrgyzinstrakh (the Kyrgyz Republic), INGO Uzbekistan (Uzbekistan),
Ingosstrakh Life Insurance Company (Russia), Ingosstrakh-M Insurance
Company (Russia), Emergency Insurance Company (Russia), EMESK (Russia),
TIM Assistance (Russia), a network of Be Healthy policlinics (Russia),
Ingosstrakh-Investments (Russia).
Economic News (Information Agency Oreanda)
July 9, 2012 Monday
Russia
Yerevan. OREANDA-NEWS . July 09, 2012. In June 2012, the merger of
business of INGO Armenia and KASKAD Insurance insurance companies
came to an end. The transfer of KASKAD Insurance companys insurance
portfolio to INGO Armenia insurance company was authorized by the
decision of the Central Bank of Armenia .
As a result of assets merger, an unprecedentedly large company with
the insurance portfolio of over 8.7 bn. drams was established on the
Armenian insurance market. The main package of shares belongs to the
institutional investor the Russian company, Ingosstrakh.
Today the business processes of the two organizations have been
fully merged. The new insurance company received a unified team of
specialists in the sphere of insurance and has the most diversified
network of branches and representations in the Republic of Armenia .
Tatyana Kaygorodova, Deputy General Director of Ingosstrakh Insurance
Company, comments: The merger of the two companies resulted in
creation of an integrated insurance structure, which allows to
reach a principally new level of work and considerably increase the
quality of provided services, which will be comparable to international
standards accepted in INGO group. This first of all covers the customer
service, as well as document flow. The terms of servicing in customer
offices will be considerably reduced, the range of programs will be
replenished by relevant products, the branches will have the working
hours suitable for customers: these are just some of the innovations,
which our insurants will be able to appreciate very soon.
The INGO International Insurance Group (IIG) was established in 2004.
it unified insurance societies, as well as the companies providing
auxiliary services in relation to insurance and reinsurance, whose
controlling interest is managed by Ingosstrakh Insurance Company.
INGOs strategic goal is to build up a highly integrated insurance
commonwealth, which can ensure achievement of leading positions on
the target insurance markets by companies of the group, and also
development of cooperation in the sphere of insurance and reinsurance
operations to provide the customers with reliable financial protection
of their interests.
Today INGO IIG members, besides Ingosstrakh Insurance Company, include
six companies abroad, as well as seven companies within RF territory:
INGO Ukraine (Ukraine), INGO Ukraine Life (Ukraine), BelIngosstrakh
(Republic of Belarus), INGO Armenia (Republic of Armenia),
Kyrgyzinstrakh (the Kyrgyz Republic), INGO Uzbekistan (Uzbekistan),
Ingosstrakh Life Insurance Company (Russia), Ingosstrakh-M Insurance
Company (Russia), Emergency Insurance Company (Russia), EMESK (Russia),
TIM Assistance (Russia), a network of Be Healthy policlinics (Russia),
Ingosstrakh-Investments (Russia).