More than 25 years "Prime" expands and improves the range of its services for the Insureds ’ risk management, as the provider of insurance brokerage services in the insurance market of Armenia.
Individual approach in the selection of risks which require insurance protection and tailor made for client’s individual needs.
Drafting insurance policies and assistance in claims settlement process in prompt terms.
Employees with professional background and qualified in world top ranked insurance companies.
Ensuring the reliability of insurance claims payments due to risk diversification and professional assistance.
Non-disclosure information confidentiality within provision of services.
The company was established by two individuals and after obtaining the "Insurance intermediary (brokerage) activities" license ԱՄԳ N 0001 of the Ministry of Finance of RA on February 10, 1997, was relicensed as an independent legal entity providing insurance brokerage services.
Activities of the company are licensed:
4, February, 2000 - Ministry of Finance of RA
18, March, 2003 - Ministry of Finance and Economy of RA
29, January, 2008 - Central bank of RA
09, September, 2014 - Central bank of RA
The company is registered in the State register of the entities of RA with the number 273 11001758, registration certificate 01 Ա N 032261. The company’s professional indemnity is insured by four leading Armenian co-insurers that have the most comprehensive partnership with "Prime".
The company is registered in the state register of RA as limited liability company, having the status of commercial enterprise and being the independent legal entity with performance of insurance intermediary activity based on the termless license ԱՊԲ N 0001 granted by the Central bank of RA on 09 September 2014.State registration certificate License of the Central Bank of RA
Cooperation with "Prime" will provide you with:
Address: 2/1 Proshyan Street, area 19, 0019, Yerevan, RA
Postal address: 0009, mail box N 1, Yerevan, RA
Tel.: + 374 10 52 64 18 - 16
Fax: + 374 10 52 64 41 - 18
Working hours: 9:30 - 18:30, Monday – Friday
Insurance premium can be determined by the following formula after an insurer has agreed upon the sum insured and stated the applicable rate.
Insurance indemnity is provided when an accident has a random character and the insured could not prevent it, and if the very accident is not included it the exclusion list of the contract.5. What does "all risks" insurance mean?
"All risks" insurance implies insurance coverage for a relatively broad range of risks, still it does not mean that all possible accidents are indemnified, as "all risks" insurance also has a list of exceptions.
“Prime Insurance Brokers” signed a general property risks reinsurance Agreement for 2021 with VIG Re, a member of Vienna Insurance Group, who is a core player in the reinsurance market in CEE for about 200 years.
As per the Agreement, “Prime” acts as a reinsurance broker with complete powers of agreement assistance.
Led by the Market Head Russia & CIS the representatives of the world's leading reinsurer Swiss Re have visited Armenia on June 5-7, 2019. During the visit, the partners had meetings with Armenian insurance market participants.
During the meetings, the parties discussed the provisions of the general property risks reinsurance Treaty, the improvement opportunities, as well as a number of issues of cooperation enhancement.
On November 21-22, 2018 the regular November business meetings took place in Moscow. As every year, this year as well "Prime" took part in the meetings.
Issues related to the current cooperation were discussed with the partners within the agenda of the meetings. During the meetings, partners reaffirmed their willingness to continue active cooperation in areas of mutual interest.
Within the framework of business meetings, Prime also established useful contacts, found common points and discussed formats of possible cooperation.
"Prime" has organized an exhibition of children's drawings titled "Insurance through our eyes" jointly with the Artists' union of Armenia and National center of Aesthetics named after Henrik Igityan devoted to the International Children's Day. The exhibition was held in the Museum of children's creativity. The opening ceremony of the exhibition took place on June 3, 2017. Famous artists, teachers of the museum, the staff of insurance and brokerage companies with their families were the guests of an occasion. The artworks of children were presented in the exhibition whose parents work in the insurance sphere.
“Swiss Re”, one of the leaders of global reinsurance market, confirmed its agreement to sign the general property risks reinsurance Treaty with five Armenian insurance companies, with the participation of “Prime”.
According to the Treaty, “Prime” acts as a reinsurance broker with complete powers of agreement assistance.
On 22-23 November, 2016 15th November Business Meetings of reinsurers took place in Moscow, with participation of 99 companies from 21 countries.
Regular participation of “Prime” at business meetings gave an opportunity to discuss tendencies of reinsurance market development and coordinate the organization of reinsurance issues in 2017.
“Prime Insurance Brokers” is a limited liability company which doesn’t perform public distribution of securities. The company has one considerable participant who has the right to obtain any information on financial and economic activities of the company without restrictions.
The company considers inexpedient the publication of data on the website according to the provision N 8/03, 4th chapter, point 25, subparagraph 4 approved by the Central Bank of RA Board’s decision “About the data publication of banks, credit institutions, insurance companies, insurance brokers, investment companies, the central depositary and settlement organizations implementing remittances”.
The activities of "Prime Insurance Brokers" LLC are governed by the following laws and regulations:
Complains or claims on the actions of "Prime" are processed in accordance with the "Clients' complaints or claims treatment procedure" set out in Chapter 8 of "The order of work management of executive body of "Prime Insurance Brokers" LLC".
For contacting us, please visit the section Contacts.
An insured or a person who has received insurance services as a physical person, has an opportunity to resolve disputes and protect his/her rights and interests by applying to the Financial System Mediator.