Monday, November 26 2012 19:42
RASCO insurance company renamed into Armenia Insurance
ArmInfo. RASCO insurance company has been renamed into Armenia Insurance, the company's press service told ArmInfo. In early December the company will also launch an updated website meeting the new name of the company. Armenia Insurance is also expected to move to a new office.
In addition, Armenia Insurance is planning to expand its activity in the market and introduce new insurance products. The company is also expanding its agents' network and planning to introduce new sales technologies. For this purpose, the company will invite Czech experts to Armenia.
To note, Armenia Insurance launched its activity in the Armenian market in December 2004. According to the Ranking of Insurance Companies of Armenia by the Agency of Rating Marketing Information (ArmInfo), over Jan-Sept 2012 the company collected premiums worth 1.6 bln AMD (6th position in the market). Over year the portfolio of the company grew by 74%. Over Jan-Sept 2012 the company paid a total of 467.2 mln AMD to the insurees (80% y-o-y growth). The assets of the company totaled 3.4 bln AMD (46% y-o-y growth).