YEREVAN, June 20. / ARKA /. Ingo Armenia insurance company is exploring possibilities to extend its services to agricultural sector of the country, company CEO Levon Altunian said today.

"This question requires an in-depth examination and only then we could inform the public about our decision", he told journalists during a workshop on the role of journalism in insurance sector.

Altunian said agricultural risks are objective insurance risks, which are subject to insurance.

‘The fact is that everything has its price, and because agriculture in Armenia is a high-risk business, the cost of insurance will be high as well,’ he said.

Ingo Armenia was founded in 1997. In December 2003 some 75% of its shares were acquired by Russian insurance company Ingosstrakh. Twenty-five percent of share are owned by Levon Altunian (Armenia). The company’s authorized capital is 750.9 million drams. ($ 1 - 373.96 AMD).-0-