ArmInfo.Founded in 1995 as the first insurance and reinsurance broker in Armenia, Prime Insurance Brokers LLC has officially received the prestigious Lloyd’s broker accreditation and has been registered as an authorized Lloyd’s broker gaining direct access to the world-leading insurance and reinsurance market, Lloyd’s of London, which has been operating for more than 300 years.
Prime Insurance Brokers LLC is listed on Lloyd’s official website at ldc.lloyds.com via the following link:
https://ldc.lloyds.com/marketdirectory/results?mode=bro&loc=AM&bro=1&cov=0&man=0&mem=0&omc=0
As a result, Armenia is now presented on Lloyd’s official website as a recognizable market where Lloyd’s has an accredited broker.
For more than 30 years, Prime Insurance Brokers LLC has been a pioneer of numerous market innovations, introducing co-insurance schemes, insurance pools, reinsurance treaties, and international best practices. The company provides its clients with comprehensive insurance and reinsurance brokerage services, including risk assessment, advisory, and claims management, supported by extensive international business relationships and deep knowledge of the Armenian market.
The Lloyd’s broker accreditation is granted exclusively to companies that have undergone rigorous and comprehensive evaluation in line with international standards, meeting high requirements in professionalism, financial stability, compliance, operations, legal frameworks, confidentiality, governance, internal controls and corporate management practices.
Notably, in countries with economies comparable to Armenia, the presence of Lloyd’s brokers is typically limited to local offices of large international brokerage firms. The direct granting of Lloyd’s broker status to a locally established Armenian company represents an exceptional institutional achievement for the region.
This prestigious status strengthens the company’s position in both local and regional insurance markets and enables it to act as an international broker, facilitating the placement of insurance and reinsurance programs within and beyond the Lloyd’s market, effectively bridging Armenian and regional markets with Lloyd’s of London.
The Lloyd’s broker status significantly enhances the level of protection for the company’s clients and partners by aligning it with the standards of the Lloyd’s market, a global benchmark of insurance.
This means broader insurance coverage, competitive terms, application of international best practices, and cooperation with reliable and financially strong partners. Through the Lloyd’s market, clients of Prime Insurance Brokers will receive not only high-quality coverage but also access to global expertise, innovative insurance solutions, and advanced risk management standards.
Armenian companies and institutions can now receive solutions from the world’s leading insurance market with full local support and a thorough understanding of Armenia’s legal and operational environment.
Companies in Armenia engaged in international projects and cross-border contracts will be able to obtain insurance coverage fully compatible with global programs.
The involvement of a local Lloyd’s broker is also crucial during the claims settlement process, as a broker who has worked in the local market for a long time being well aware of Armenian legislative and accepted approaches, will best represent his clients’ interests at the appropriate level, in a professional and structured manner.
The presence of a Lloyd’s broker in Armenia means that local clients can now receive world-class insurance protection through a trusted local partner.
