YEREVAN.  - Minister of Economic Development and Investments of Armenia, Suren Karayan, on Thursday received the delegation led by General Director of Iran’s Central Insurance (Bimeh Markazi), Abdolnaser Hemmati.

The delegation also included the CEOs of three large Iranian insurance companies.

Minister Suren Karayan welcomed the guests, noting that the development of the insurance institute and the cooperation of the Armenian-Iranian insurance companies can seriously impact the growth in the turnover of goods.

Mr Hemmati, for his part, noted that the high-level political and economic relations of the two countries serve as a good ground for developing the cooperation in the insurance sphere.

Executive Director of Armenia’s Export Insurance Agency, Vazgen Abgaryan, informed that the agency and Iran’s Export Guarantee Fund signed a memorandum of cooperation in 2015. Mr Abgarayan proposed to deepen the cooperation in the sphere of re-insurance.

In response, the Iranian side proposed to sign a tripartite agreement between Armenia’s Export Insurance Agency, Iran’s Export Guarantee Fund and Central Insurance Service in order to lay down the directions of deepening the cooperation.

Director of Iran-based “Iran” insurance company thanked the Armenian Minister for the meeting and cooperation, noting that the Iranian companies express their readiness for multi-sector cooperation. According to the Iranian side, thanks to the entry facilitation between the two countries there is a great potential for the insurance in the sphere of tourism.

At the end of the meeting, agreement was reached to develop a specific development project and organize the visit of Armenia’s Export Insurance Agency representatives to Iran.