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London-Yerevan insurance company pays 207 million drams of insurance payments in 11 months of 2009

14.01.2010 18:23

London-Yerevan insurance company pays 207 million drams of insurance payments in 11 months of 2009

Exclusive interview of London-Yerevan insurance company’s executive director, Aram Piruzian, to ARKA news agency

ARKA: How would you assess Armenia’s insurance market?

Aram Piruzian: Armenia’s insurance market is underdeveloped and this is why it is very difficult to predict now how it would develop and what direction it might take. I would divide the market development process into three phases: before the Central Bank took control of it, after it went under Central Bank’s control and the current phase.

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