INGO ARMENIA TO BRIDGE EXISTING GAPS IN 2010

PanARMENIAN.Net
28.01.2010 14:11 GMT+04:00

/PanARMENIAN.Net/ Ingo Armenia insurance company plans to bridge
the existing gaps in 2010, said the company’s Executive Director
Levon Altunyan.

As he told PanARMENIAN.Net, it is planned, particularly, to broaden
the network of car and personal insurance services.

"We are hopeful to cross the border outlined back in 2008," he said,
adding that the crisis caused a 12-14% reduction of the company’s
bonus pool.

For 2009, the company planned a range of insurance products enabling
an average employee to insure himself and his property.

"After releasing the product, we found out that it mostly suits natural
persons requiring an active group agents, and we are now working in
that direction," Altunyan said.

Ingo Armenia CJSC is one of Armenia’s major insurance companies
headquartered in Yerevan. It was established in 1997 as "EFES"
Insurance CJSC.

On December 2003, the major part of the Company’s shares was purchased
by "Ingosstrah" Russian Insurance CJSC, afterwards the Company was
renamed "Ingo Armenia" Insurance CJSC. "INGO ARMENIA" Insurance CJSC
cooperates with leading reinsurance companies aiming at reinsuring
the underwritten risks. Its main partners in reinsurance sphere are
Munich Re and ACE (Germany), SCOR (France), AIG and Chubb Insurance
(USA), Polish Re (Poland), Ingosstrah (Russia).