COOPERATION AGREEMENT SIGNED IN YEREVAN BETWEEN SIL INSURANCE
(ARMENIA), EURASIA (KAZAKHSTAN) COMPANIES
YEREVAN, August 12. /ARKA/. Agreement on cooperation between Sil
Insurance, Armenian insurance company, and Kazakh Eurasia Insurance
Company was signed Friday in Yerevan. Sil Insurance’s Acting Executive
Director Hayk Baghramyan said at the signing ceremony that the
agreement aimed at further cooperation between the insurance companies
either in Armenia or in Kazakhstan. In his words, the cooperation will
help develop Armenian insurance market especially in medical and
financial risks insurance areas. The agreement’s goal is to develop
cooperation between the two companies in reinsurance activity area as
well as in specialists training and advanced technologies areas.
According to Baghramyan, Sil Insurance intends to use rich experience
of Eurasia Kazakh Company and adjust it to Armenian conditions.
Eurasia, the biggest Kazakhstan’s insurance company, was established
in 1995. The company’s own capital totals over $60mln. The Eurasia
cooperates with Belgian, British, Russian, Italian and Georgian
companies and has licenses for performing compulsory and voluntary
insurance and reinsurance activity. Sil Insurance, Armenian company,
was founded in 2000. Its authorized capital makes some AMD
231.5mln. The company offers services on insuring cars, property,
cargos, construction works and responsibility. ($1 – AMD
454.85). M.V. –0–