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-