Banking News — Nairi Insurance has taken a significant step toward expanding its international reach by signing a memorandum of strategic cooperation with Lexasure Financial Group, a renowned provider of insurance and insurtech solutions in Southeast Asia, South Asia, and the United States.

The agreement was signed today by Mane Martirosyan, CEO of Nairi Insurance, and Ian Lim, founder and director of Lexasure Financial Group. Ian Lim is currently visiting Armenia at the invitation of Nairi Insurance.

This landmark partnership marks the beginning of new opportunities in the reinsurance sector and aims to introduce innovative preventive and conservative medical treatment services for clients in Armenia.

Lexasure Financial Group, headquartered in Singapore and operating across the Cayman Islands and Malaysia, offers a wide range of services including reinsurance, insurance, and Reinsurance-as-a-Service (RaaS) solutions. The company collaborates with major corporations around the globe and is recognized for its cutting-edge insurtech offerings.

With this collaboration, Nairi Insurance becomes Lexasure Financial Group’s first strategic partner in Armenia, underscoring a shared commitment to innovation and global cooperation in the insurance industry.