A. DJAVADYAN: “SERIOUS REFROMS IN INSURANCE ASPECT”
“The laws on conducting reforms in insurance field, provided by the Central Bank are quite serious ones and they are also being implemented,” said Arthur Djavadyan, the vice president of the CB, today in “Finance, Loan and Audit” EXPO 2008.
According to him CB has tried to carry out the reforms in insurance field in Armenia which it has done in banking system. “First we cleaned up the market from the small pocket insurance companies. Prior to these 20 insurance companies were running business but currently only 8 do,” said Djavadyan.
As for the consumers’ rights protection, he answered that they have sent a document to the NA and will start discussions in this regard.