Armenia’s export insurance agency provided 4.53 drams worth export insurance certificates in 2017
YEREVAN, March 23. /ARKA/. Armenia’s Export Insurance Agency provided a total of 4.53 drams worth export insurance certificates in 2017, the executive director of the agency Armen Shahnazaryan said at a press conference on Friday.br
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He said in 2015, when the agency began operating, the amount of provided insurance certificates was 400 million drams, growing to 2.2 billion drams in 2016. He said in 2015, some 25 certificates were signed, in 2016 - 116 certificates, and in 2017 - 329 certificates.br
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He specified that a significant portion of the certificates worth 1.89 billion drams were provided for export of alcoholic beverages, 1.12 billion drams worth certificates were provided for export of processed foods. He said in 2017 for the first time 390 million worth certificates were provided to IT companies.br
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He said also that 90% of the mandatory risks are completely reinsured by the Swiss company SWISS RE, up from 80% a year earlier. -0-br
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