Tue, 29 April
13.1 C
Yerevan
USD: 389.46 RUB: 4.73 EUR: 441.92 GEL: 141.70 GBP: 519.38
spot_img

INGO Armenia plans to offer Armenian consumers new product

YEREVAN, November 27, /ARKA/. Levon Altunian, the executive director of INGO Armenia, said the company is going to offer a new product of a leading health insurance company Bupa International.

He said INGO Armenian insurance company plans to join a joint project launched recently by Russian Ingostrakh and Bupa International for insuring expatriates health. According to him, Bupa International may pay as much as $1 million of insurance payment in any country.

He said it is not yet clear how INGO Armenia will be promoting Bupa International’s services in Armenia because of a string of legislative problems.

‘We want to bring this service to the Armenian market in a format that will be in conformity with Armenian legislation. The right decision is to offer it as an reinsurance service, but that will require a protracted preparation,’ Altunian said.

INGO Armenia insurance company was established in 1997. In 2004 75% of its shares were acquired by Invest Polis, owned fully by Russian INGOSTRAKH. As a result the company was renamed INGO Armenia. Twenty-five percent of shares are owned by Levon Altunian (Armenia).  -0-

spot_img

POPULAR

Armenia may access $25 mln from the IMF under the SBA agreement in June

An International Monetary Fund (IMF) team led by Iva Petrova visited Yerevan from March 31 to April 10, 2025, to conduct discussions for the fifth review under the Stand-By Arrangement (SBA) with Armenia.

Euro exchange rate down 1 point, while US dollar and ruble up

The average market exchange rate of the U.S. dollar to the Armenian dram on April 25, 2025, rose by 0.77 points compared to April 23 and amounted to AMD 390.33.

Armenia’s international reserves rose to $3.9 billion in March, providing 2.9 months of import coverage – WB

Armenia's international reserves increased to $3.9 billion in March 2025, offering 2.9 months of import coverage, according to the World Bank's Monthly Economic Update for April 2025.

Armenia Enters Top 10 Countries in the World with Lowest Inflation in 2024 – IMF

Armenia was among the top 10 countries in the world with the lowest annual inflation in 2024. Such data is provided in an IMF study on 156 countries.

In Armenia, remittances have begun to recover after a 35% decline in 2024

On the demand side, average real wages in Armenia have increased in 2025, and net money transfers have shown an upward trend, contributing to consumption growth, according to the World Bank's Armenia Monthly Economic Update – April 2025.

LATEST NEWS

spot_imgspot_imgspot_img