ARMENIA: Rosgosstrakh launches online sale of foreign travel insurance policies

1 August 2013 —
Rosgosstrakh Armenia has launched online sale of foreign travel insurance policies, the company's press service told ArmInfo.

The source says that from now on the potential policy holders of the company can buy an insurance policy on the corporate website of the insurer (www.RGS.am) within minutes, even without leaving home.   

Gagik Grigoryan, CEO of Rosgosstrakh Armenia, points out that online sale of insurance policies has already become a common procedure in Western countries. "This is a new perspective for Armenia. We are somewhat ahead of the market, because we realize that the future belongs to high technologies. We are not going to restrict ourselves to creation of the widest and most affordable network of offices for the customers. Introduction of online sale of policies allows us to be closer to the customers and make the services for them as convenient as possible", he says.  

The company says that the first customers have already made use of the new service and have successfully taken abroad.

To buy an insurance policy online, a customer is to fill in a special application form, then make a payment with a bankcard. Several seconds later the customer can download and print his insurance policy and then complete the procedure by signing it. A copy of the effective policy is sent to the customer's e-mail, so, it is impossible to lose or forget it, because it can always be printed repeatedly. It is necessary to print the policy to submit it to the relevant embassy. The press service of Rosgosstrakh Armenia points out that the website provides an opportunity to choose not only a one-time policy, but also annual policies for those who travel abroad very often. In addition, there is an opportunity to insure the luggage against loss or delay.

To recall, Rosgosstrakh Armenia CJSC was founded in 2008. The company is a member of Rosgosstrakh Group (Russia). For the moment the authorized capital of the company is 2.98 bln AMD (USD 7.2 mln).  Rosgosstrakh Armenia has 46 offices throughout Armenia (18 branches and 13 sales offices in Yerevan and 33 in the regions). In December 2011 the company was the first in the insurance market of Armenia to be awarded ISO 9001:2008 by Moody International.

According to the Ranking of Insurance Companies of Armenia by the Agency of Rating of Marketing Information (ArmInfo), over Q1 2013 Rosgosstrakh Armenia's premiums amounted to 3.2 bln AMD (1st position in the market), insurance payments - 1.4 bln AMD (the biggest amount in the market). As of 1 April 2013, the authorized capital of the company totaled 2.5 bln AMD (1st position), and the assets totaled 9.1 bln AMD (2nd position).

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ARMENIA: Rosgosstrakh launches online sale of foreign travel insurance policies
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