Sat, 28 February
2.1 C
Yerevan
USD: 377.00 RUB: 4.88 EUR: 444.78 GEL: 140.99 GBP: 507.97

The number of insurance policies sold by RESO and other Armenia-based companies surged 20-25 times over two years

YEREVAN, September 18. / ARKA / The number of insurance policies sold by RESO and other Armenia-based insurance companies have surged 20-25 times over the last two years, according to Samvel Grigoryan, the executive director of Reso company.

“We appeared to be able to respond to the challenge, ‘imposed’ on us by the government. I mean the compulsory insurance of vehicles and mandatory health insurance of civil servants, which make a total of  500,000 customers, and 100,000 of them are our customers,’ he said Wednesday at  the opening ceremony of the head office of Reso.

Grigoryan said the company is offering some 13 voluntary insurance products to its Armenian clients, tested at the Russian insurance market. He said the new head office of the company was built to improve the quality of work and customer service.

RESO Garantia insurance company is part of Russian RESO Group, which has more than 30 companies operating in the insurance, pension , property development , automotive , medical and leasing markets of Russia and other CIS countries. According to  ARKA news agency’s data, in the second quarter of the year Reso-Garantia’s assets in Armenia stood at 10.1 billion drams, liabilities at 8.8 billion drams  and  the capital  at 1.3 billion drams. -0-

spot_img

POPULAR

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (February 16-22)

Last week, the Armenian financial market was distinguished by intensified institutional interactions in the banking sector and debt market dynamics.

Euro, dollar, and ruble exchange rates against the Armenian dram fell after two days of gains: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of February 25, 2026, fell by 0.92 points compared to February 24, to 376.92 drams.

How leaders build trust: ACBA Business Club

During the first ACBA Business Club of 2026, businessmen discussed the art of building trust and emotional management skills in the business environment.

Euro, dollar, and ruble exchange rates against the Armenian dram continued to decline: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of February 20, 2026, fell by 0.12 points compared to February 19, to 376.82 drams.

S&P Global Ratings Improves Armenia’s Rating Outlook to Positive

On February 20, S&P Global Ratings revised its outlook on Armenia from stable to positive, affirming its long-term and short-term foreign and local currency sovereign credit ratings at 'BB-/B'.

LATEST NEWS

spot_imgspot_imgspot_img