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Mandatory car Insurance Makes Half Of Ingo Armenia’s Portfolio

21.06.2011 11:56

Mandatory car Insurance Makes Half Of Ingo Armenia’s Portfolio

YEREVAN, June 20. / ARKA /. Mandatory car insurance and other voluntary insurance policies account for 50% of Ingo Armenia’s insurance company’s portfolio, company CEO, Levon Altunian, told journalists during a workshop on the role of journalism in insurance sector.

He said the company controls about 22-24% of Armenia’s overall insurance market and 17% of car insurances.

According to data, provided by the company, its insurance portfolio is made up of voluntary property insurance (32%), personal insurance (14%), public insurance (3%) and other types of insurance (2%).

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