Armeec with 17 percent growth at the end of May 2009

Growth of 17 percent, significantly ahead of the average for non-life insurance (4.2 percent) reported ZAD „Armeec for the first 5 months of 2009 additional revenue generated by these 20 companies on the market on May 31, 2009 amounted 25 million euro, of which „Armeec is made additional EUR 8 million
Growth of the insurance market is mainly associated with the increase in premiums on compulsory insurance against civil liability of vehicle. Account is that the scope of insurance is reduced, ie insured vehicle is less, but growth is determined by the higher premium levels.
With the largest market share of insurance Casco of vehicles with 41 percent of total revenue, or 251 million To May 2009 reported that insurance fell by 4 percent due to decline in the automotive market and restrictive policies of credit institutions. Revenue for the period of the market in Casco „decreased by 14.6 million while“ Armeec is added to its portfolio 5.7 million and realized growth of 18%. The reasons for the growth of the company in a market stagnation related strategy and focused its efforts in recent years to improve procedures and services in the event of a claim.
Following the introduction of protocols „Armeec was the first company to organize mobile groups in the larger cities. For several years, and 24-hour assistance center, which advise the clients as in the event of a claim, and in questions related to insurance contracts. The company is constantly working on projects for the implementation of technological solutions for facilitating better customer service. Parallel to this road products of Armeec is supplemented with new risks, the flexible circuits of bonuses and discounts in the absence of damage in customer loyalty to the company and in providing comprehensive insurance protection of their interests. The latest package to cover insurance on the vehicle is air assistance. In case of accident or other situations involving life and health of the client company through highly specialized helicopters with medical teams to provide emergency assistance and care, and transportation to the most renowned medical institutions in the country.
Insurance, which this year implemented the most significant rastove market are those of the financial risks – 40%, or nearly 5 million Demand for such insurance cover is logical in terms of crisis and negative expectations for the development of the economy in the autumn, forming a new cabinet and top management of a new political formation. For the period Armeec „added 1 million euro to its portfolio in this type of insurance. The company assumes financial risks after an expert assessment of each exposure and the application of individual approach, depending on the history and forecasts for each customer.
ZAD „Armeec“ making additional premium income and growth in almost all other types of businesses – 21 percent growth in the insurance of liability, 12 percent in insurance „Cargo“, 8% in insurance against property and avitsionniya significant growth in its business.
New in recent months is the process of integration with companies Holding Chimimport. At the end of this year added 274 new items for sale at the offices of the Central Cooperative Bank, where customers can enter into insurance for the car and home. Working on two projects for cross-selling, aimed at customers of the company. Their partners’ Armeec „unless CCB and CCB are Life, health insurance companies and pension funds holding as well as airline and Bulgaria Air.
Varpeki conditions of crisis at the beginning of the year the company has opened 10 offices throughout the country have appointed 70 officers and now work 3 more new liquidation center.
For several days the offices and representations of the company can be found in Google maps and a client who wants to quickly find the nearest location of a company can do it in seconds. Of course, the customers have access to the internet via computer or mobile phone. It is not necessary even if the phone has GPS, because the consumer locate the card box and a mobile operator in selecting the option to give direction to reach the nearest branch of the insurance company.

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Finance