The company Ingo Armenia seeking partners to market agricultural insurance
Yerevan, October 14 the Executive Director of the insurance company INGO Armenia Levon Altunyan said that Go to the agricultural insurance market for insurance companies INGO Armenia will be met when a partner in the organization of foreigners will be ready for cooperation in this product on the market.
“I hope that through international organizations will express interest in agriculture in Armenia, we can manage to improve this product from the standpoint of public applications”, said Altunyan answer to the question of Arka News Agency. The company has developed programs and tariffs for agricultural insurance and considers options for improving these products to market.
“However, agricultural insurance has the specifications and we have to consider it. Also, the insurance company cannot guarantee to make some of the market into a single market in the region at risk. For the average risk and diversification, it is necessary to develop into a wide area, volume and a large number of clients “, said Altunyan. Without the support of state and local self-government bodies, international financial structure that would like to get stability in the markets of agricultural products and agriculture will be very difficult to achieve.
In 2003 a major portfolio of the company’s stock comes from the Russian company “INGOSSTRAKH” after it was renamed the “INGO Armenia”. Currently “NGO Armenia” operates in accordance with the permission of the Central Bank of Armenia, which provides the opportunity for companies to run the operation 12 types of non-life insurance. The Company reinsures insurance package at a leading reinsurance company Munich Re among which Germany and the ACE, the French SCOR, American Insurance Group AIG and Chub, Poland and Russia INGOSSTRAKH Re.