Tue, 8 July
26.1 C
Yerevan
USD: 384.11 RUB: 4.88 EUR: 450.45 GEL: 141.38 GBP: 522.39

“Ingo Armenia” will start insurance of Armenian tourists going abroad

YEREVAN, March 2 /ARKA/. From January 2010 “INGO Armenia” introduced new product of tourist insurance “STANDARD SPORT” for tourists going abroad.

High demand for this service appeared during winter holidays. Formerly “INGO Armenia” was implementing insurance of tourists by three programs – “ECONOM”, “STANDARD” and “BUSINESS” with relevant risk specters.

“STANDARD SPORT” covers risks of standard-program and expenses related to traumas which the tourists obtain during amateur sport events.

Average cost of one week insurance is 20 EURO with insurance coverage of 30 thousand EURO or $50 thousand.

“INGO Armenia” is the leader of insurance market by money collection and tourist insurance. In 2009 the company collected about 80 million insurance bonuses by 12.5 thousand contracts.

“INGO Armenia” is established in 1997 as Closed Joint Stock Insurance Company “Efes”. In 2003 the main portfolio of the shares of the company obtained Russian company “INGOSSTRAKH” after which it was renamed “INGO Armenia”.

Currently “INGO Armenia” is working according to the license of Armenian Central Bank which gives opportunity to the company to implement activity by 12 types of non-life insurances.

The company reinsures its insurance package in leading reinsurance companies such as German
Munich Re and ACE, French SCOR, American AIG and Chub Insurance Group, Polish Re and Russian INGOSSTRAKH. ($1-384.54 drams).–0–

spot_img

POPULAR

Moody’s affirms Armenian government ratings at Ba3 with stable outlook

On June 26, 2025, Moody's affirmed the long-term issuer ratings in national and foreign currencies and senior unsecured debt in foreign currency of the Armenian government at Ba3, maintaining the stable outlook, the press service of the Ministry of Finance of Armenia reported.

Inflation of 3.9% registered in Armenia in June

In the consumer market of Armenia, 12-month inflation in June of this year amounted to 3.9%, according to the report of the National Statistical Committee (NSC) of Armenia.

Top 10 banks of Armenia by loan portfolio for 1st H 2020

ARKA News Agency has singled out ten banks for their big loan portfolios as of June 30, 2020

Net inflow of remittances to Armenia from abroad increased by 13.9% over 5 months

The net inflow of private remittances in Armenia from abroad sent through the  banks in January-May 2025 amounted to $511.7 million, compared to $449.4 million in January-May 2024, according to a report by the Central Bank.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

LATEST NEWS

spot_imgspot_imgspot_img