Insurance services tariff raise expected in 2009February 16, 2009 - 19:14 AMT PanARMENIAN.Net - Insurance services tariffs raise is expected in Armenia, INGO ARMENIA Insurance Company Director said."The quality of services and qualification of insurance specialists improves day by day in the developing market, what results in tariff raise both for insurance and reinsurance," Levon Altunyan told PanARMENIAN.Net Giving his assessment of the Armenian social insurance market, Altunyan noted that average market capacity growth of 20 percent was registered. "INGO ARMENIA share on the insurance market totals 25-27 percent, today that would equal AMD 8-10 billion. Insurance specialists forecast a considerable market capacity growth. CB-created Law on Obligatory Insurance will result in 50 percent growth of insurance market within 2 years," Altunyan said. "Thus, it will be necessary to improve the quality security services to investigate falsified insurance deals and contracts," he added. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Armenia, U.S. customs authorities to boost assistance with new deal The government has approved an agreement with the U.S. government on mutual assistance between the customs authorities. EU calls on Azerbaijan to release all political prisoners The European Union calls on Azerbaijan to release all those imprisoned for exercising their fundamental rights. Armenia-Azerbaijan: Turkey wants deal after “positive developments” Turkey hopes “positive developments” in negotiations between Armenia and Azerbaijan will lead to an agreement. Police try to impede Armenian Church head’s access to war memorial Police tried to stop the supreme head of the Armenian Apostolic Church, Catholicos Karekin II, from visiting a war memorial. |