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Sarkisov: insurance penetration in armenia will come with the culture of the business

20.09.2013 19:36

Sarkisov: insurance penetration in armenia will come with the culture of the business

RESO insurance company opened the other day a head office in Yerevan. The opening ceremony was attended by Sergey Sarkisiov,  Reso Garantia insurance company’s board chairman and a member of RESO board. ARKA news agency asked him several questions about the challenges facing the company. Mr. Sarkisov gladly responded sharing also his thoughts about the prospects of development of insurance market in Armenia.

ARKA  - How could you assess the development of Armenian insurance market in recent  years?

S. Sarkisov – Obviously, this market could develop faster. So far as I understand it, the citizens do not feel the need to insure their homes, cars, their suburban buildings and  businesses. I do not mean mandatory types of insurance. I am sure that only ten percent of local restaurants or shops are insured , while in Europe and the U.S. the figure is 100%.

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