ArmInfo. Armenian Prime Minister Karen Karapetyan and regional director of one of the leading integrated delivers of insurance and financial services in the world-Group Allianz Antuan Isai on July 21 discussed prospects of cooperation in insurance sphere.
According to the Government press service, Allianz Group regional director stressed the interest of the company in implementation of works in Armenia, as well as in entering the markets of third countries through Armenia.
Karen Karapetyan, in his turn, presented the reforms initiated by the Government in various fields of the country's economy, in particular, steps aimed at stimulating investment. The Prime Minister also noted the government's readiness to discuss programs of mutual interest. What exactly is the interest of the global company to the Armenian market in the message does not say. However, according to ArmInfo experts, it may be due to the possibility of establishing the first life insurance company in the country. According to the Armenian legislation, working insurance companies cannot simultaneously engage in life insurance, which is a separate type of business, and must establish a separate company. However, the level of capitalization of existing companies and the total absence of a life insurance culture in the country hinders the formation of this market segment. Large world companies, such as Allianz, could become pioneers in this matter in Armenia. In addition, Allianz - one of the largest companies in the world for asset management, a large part of which is formed from the sale of life insurance policies.