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'INGO-ARMENIA' INSURANCE COMPANY MARKS ITS 10TH ANNIVERSARY
arminfo
2007-10-30 20:49:00
ArmInfo. One of the leading insurance companies in Armenia-
"Ingo-Armenia" marked its 10th anniversary. As Director of the company
Levon Harutyunyan said at the press conference devoted to the day,
"Ingo- Armenia occupies 34% of Armenian insurance market". According
to him, it is possible to estimate this fact even with that today
only 11 insurers operate in the market.
According to the results of the 3rd quarter, "Ingo-Armenia" has
confirmed the first place in liability car insurance, property
insurance, freight and freight traffic insurance, second place-in
health insurance, casualty insurance and insurance against construction
and assembly risks.
By the quality of awards the company has accumulated, "Ingo-Armenia"
outstrips its closest rival by 40%, however, as L. Harutyunyan said,
this is not a reason for relaxing. The company places its insurance
reserves in banking deposits, government securities, invests in
the bonds of the Araratbank and the ArmRusgazprom company. A small
volume of reserves is placed in international financial markets. At
the moment, the company reinsures up to 90% of the risks assumed,
transferring only up to 65% of the premiums to the reinsurers. The
Russian partner of the company, "Ingosstrakh", which has been highly
rated by an international ranking agency, will also start reinsuring
the company's risks in 2007.
To note, the "Ingo-Armenia" company was established by Levon Altunyan
under the name "Efes" in 1997. In 2003, 75% of the company's shares
were purchased by the Russian "Ingosstrakh" company. In 2004, the
company was renamed "Ingo-Armenia". According to the data as of the
end of the third quarter of 2007, the company's insurance premiums
totalled 1.1 bln AMD, insurance indemnity - 197 mln AMD, insurance
reserves - 343 mln AMD, assets - 1.7 bln AMD, equity capital - 759.5
mln AMD, authorized capital - 596.6 mln AMD.
arminfo
2007-10-30 20:49:00
ArmInfo. One of the leading insurance companies in Armenia-
"Ingo-Armenia" marked its 10th anniversary. As Director of the company
Levon Harutyunyan said at the press conference devoted to the day,
"Ingo- Armenia occupies 34% of Armenian insurance market". According
to him, it is possible to estimate this fact even with that today
only 11 insurers operate in the market.
According to the results of the 3rd quarter, "Ingo-Armenia" has
confirmed the first place in liability car insurance, property
insurance, freight and freight traffic insurance, second place-in
health insurance, casualty insurance and insurance against construction
and assembly risks.
By the quality of awards the company has accumulated, "Ingo-Armenia"
outstrips its closest rival by 40%, however, as L. Harutyunyan said,
this is not a reason for relaxing. The company places its insurance
reserves in banking deposits, government securities, invests in
the bonds of the Araratbank and the ArmRusgazprom company. A small
volume of reserves is placed in international financial markets. At
the moment, the company reinsures up to 90% of the risks assumed,
transferring only up to 65% of the premiums to the reinsurers. The
Russian partner of the company, "Ingosstrakh", which has been highly
rated by an international ranking agency, will also start reinsuring
the company's risks in 2007.
To note, the "Ingo-Armenia" company was established by Levon Altunyan
under the name "Efes" in 1997. In 2003, 75% of the company's shares
were purchased by the Russian "Ingosstrakh" company. In 2004, the
company was renamed "Ingo-Armenia". According to the data as of the
end of the third quarter of 2007, the company's insurance premiums
totalled 1.1 bln AMD, insurance indemnity - 197 mln AMD, insurance
reserves - 343 mln AMD, assets - 1.7 bln AMD, equity capital - 759.5
mln AMD, authorized capital - 596.6 mln AMD.