Currently, the merger of Griar-Insurance and INGO-Armenia insurance companies has been completed.

Director of the Association of Insurance Market Participants of Armenia union of legal entities Andranik Ohanjanyan told a PanARMENIAN.Net reporter that a merger of other insurance companies is not envisaged in Armenia in the near future. Nevertheless, insurance companies may take a similar step to attract greater number of consumers of mandatory vehicle insurance services.

On December 30, 2010, the Central Bank of Armenia registered the transfer of Griar-Insurance company’s portfolio to INGO-Armenia company.