Ingo Insurance presents job loss insurance in Armenia`s market 

ArmInfo. Insurance company Ingo has introduced a completely new product for the financial market of  Armenia - insurance against job loss. The new product is designed to support employees by covering their financial obligations, even in the event of mutual dismissal.

During the presentation of the product, which took place with the  participation of representatives of the banking sector, Ingo  executive director Rafik Suvaryan spoke about the advantages and  features of this innovative solution. In particular, Suvaryan  discussed with the leadership of the banking sector the importance of  the product in banks, the integration process and issues related to  further cooperation.

"We are confident that the interest of representatives of the banking  sector in the product will contribute to the formation of a new  culture in the financial and insurance sectors and the offering of  the best solutions for our common clients," the insurance company  noted.

Ingo Insurance Company has been operating in Armenia since September  1997. The shareholders of this insurance company are Invest-Polis  with a participation share of 75%, and Levon Altunyan - 25%. Ingo  Insurance Company is licensed for 16 classes of insurance. At the end  of 2023, the company took second position in terms of insurance  premiums - 15.3 billion drams. The same position on assets 17.6  billion drams and in equity capital - 5.1 billion drams. Finished  2023 with a net profit of 614 million drams (3rd position in the  insurance market).