Ingo Armenia to bridge existing gaps in 2010

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).