‘INGO ARMENIA’ INSURES AVIATION RISK OF ‘ARARAT INTERNATIONAL AIRLINE’ CARRIER

ArmInfo
2010-05-05 11:46:00

ArmInfo. The insurance company ‘INGO ARMENIA’ has recently made a
contract to insure the air carrier liability of ‘ARARAT INTERNATIONAL
AIRLINE’ carrier for a year. The total liability limit is $150 mln for
each case with a sub-limit $75 mln for the ground risk, press-service
of the company reported.

To note, 3 local insurance companies act in the segment of air
insurance. According to the Ranking of insurance companies prepared
by ArmInfo, the total volume of receipts in 2009 was more than 1.6
bln drams, 60% of which were ensured by the air transport insuring,
and 40% – air carrier liability insurance.

‘INGO ARMENIA’ is going to further extend insurance of air carrier
liability. At the same time it is not going to decrease the level of
diversification of the portfolio. According to the Ranking, by the
results of 2009 the company occupied the first place by the aggregate
volume of receipts.