INSURANCE COMPANY ‘HSBC BANK ARMENIA’ TO SPECIALIZE ON LIFE INSURANCE
arminfo
2008-05-20 14:33:00
ArmInfo. Insurance company will mainly specialize on life insurance,
chief executive director of Tim Slator said at the press-conference
when replying at ArmInfo correspondent’s question.
He also added that specific terms of this company entering the
insurance market is defined by introduction of relevant legislative
basis. ‘We shall start insurance when Central Bank confirms necessary
standards including those regarding pension insurance’, – he said.
Tim Slator said earlier that ‘HSBC Bank Armenia’ will enter Armenian
insurance market in 2009.
To recall, today 10 insurance companies are functioning in Armenia,
but none of them deal with life insurance.