25.08.2016 18:27
YEREVAN, August 25. /ARKA/. The number of insurance companies in Armenia is expected to reduce over a period between 2016 and 2018 because of mergers or portfolio handovers, the Central Bank of Armenia says in its report ‘Possible Developments of Armenia’s Banking Sector in 2016-02018’ based on programs of prospective development of Armenian insurance companies.
According to the report, several flagship companies will continue operating at the country’s insurance market, while other companies will occupy lower-level niches here.
New types of obligatory insurance will be introduced in Armenia, particularly mandatory medicare insurance.
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