Mon, 7 April
12.1 C
Yerevan
USD: 391.14 RUB: 4.55 EUR: 428.65 GEL: 142.05 GBP: 501.60
spot_img

Rosgosstrakh: life insurance to be gradually introduced in Armenia

YEREVAN, February 1. /ARKA/. Life insurance will be introduced in Armenia not soon, said Vice-President of ROSGOSSTRAKH on strategic business development, member of shareholders’ board, curator of issues of Armenia Rafael Minasbekyan answering the questions of ARKA News Agency.

“We are ready to introduce life insurance in Armenia and we have enough experience in this sphere. We can introduce the model of life insurance even tomorrow and start to work”, he said in the International center “Novosti”.

Minasbekyan said that life insurance is “the best that can take place with insurance”, but it should be pushed forward by the State.

“Worldwide, life insurance – it is tax breaks and preferential accumulation of products”, he said.
According to Minasbekyan, this issue should not be forced and accelerated.

“We do not hurry anywhere. The main thing is that everything is normal, civilized and calm”, he said.

In accordance with the existing law “On insurance” in Armenia, the same company is not entitled to provide life and non-life insurance services simultaneously. For dealing with life insurance it is necessary to establish a new insurance company with new charter capital.

Today in the insurance market of Armenia eight companies are operating. Total assets of Armenian insurers as of September 30, 2011 were 28.8 billion drams, total liabilities – 14.1 billion drams, total capital – 14.7 billion drams. Net income of insurance companies in nine months was about 2.3 billion drams vs. net losses in the amount of 291.3 million drams in January-September 2010. –0–

spot_img

POPULAR

Banks and SMEs discuss prospects for cooperation (VIDEO)

The Union of Armenian Banks, in collaboration with the German-Armenian Fund, brought together representatives of the financial sector to conduct an important dialogue between banks and SMEs, summarize the past year, and plan for future work.

Dollar, Euro And Ruble Exchange Rates Slightly Decrease Against Dram

The average market exchange rate of the US dollar to the Armenian dram on April 4, 2025, dropped by 0.1 points compared to April 3 and amounted to AMD 391.22.

Draft law on crypto assets to be submitted to Armenian parliament in coming weeks – Deputy Chairman of Central Bank

The draft law on crypto assets, developed by the Central Bank of Armenia in the context of European norms, will be submitted to the Armenian parliament in the coming weeks, said Deputy Chairman of the Central Bank Armen Nurbekyan.

Ministry of Economy and  IMF delegation discussed Armenia’s economic diversification, export strategy

Yesterday, Armenian Economy Minister Gevorg Papoyan received a delegation led by Iva Petrova, head of the International Monetary Fund (IMF) mission in Armenia.

Concept of a private investment fund in Armenia discussed by Minister of Economy with Nubar Afeyan

The concept of creating a private investment fund in Armenia within the framework of effective public-private partnership was discussed by Armenian Minister of Economy Gevorg Papoyan and American businessman Nubar Afeyan.

LATEST NEWS

spot_imgspot_imgspot_img