YEREVAN, August 12. /ARKA/. Agreement on cooperation between Sil Insurance, Armenian insurance company, and Kazakh Eurasia Insurance Company was signed Friday in Yerevan. Sil Insurance’s Acting Executive Director Hayk Baghramyan said at the signing ceremony that the agreement aimed at further cooperation between the insurance companies either in Armenia or in Kazakhstan. In his words, the cooperation will help develop Armenian insurance market especially in medical and financial risks insurance areas. The agreement’s goal is to develop cooperation between the two companies in reinsurance activity area as well as in specialists training and advanced technologies areas.
According to Baghramyan, Sil Insurance intends to use rich experience of Eurasia Kazakh Company and adjust it to Armenian conditions.
Eurasia, the biggest Kazakhstan’s insurance company, was established in 1995. The company’s own capital totals over $60mln. The Eurasia cooperates with Belgian, British, Russian, Italian and Georgian companies and has licenses for performing compulsory and voluntary insurance and reinsurance activity. Sil Insurance, Armenian company, was founded in 2000. Its authorized capital makes some AMD 231.5mln. The company offers services on insuring cars, property, cargos, construction works and responsibility. ($1 – AMD 454.85).
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