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Armen Petrosyan Acting Chief Executive Officer

Date of birth – 11 June 1973.

Armen Petrosyan’s experience in insurance began in 2004 as the chief specialist of the compensation department of “Petap Armenia” CJSC, in 2007, he held the position of Deputy CEO. Prior to the insurance activity, he started his work experience in 1991 as a photographer, and editor, then continued as a senior court expert, head of the legal operations department, etc.
From 2007 – 2010, he managed “Griar-Insurance” CJSC. He joined INGO ARMENIA in 2010 as the Head of the Acquisition Department, then led the Compensation Department as the Deputy CEO, and was a member of the Company’s Board from 2012 to 2017.

Since 2017, Armen holds the position of Deputy CEO on Security and is responsible for the internal and external financial security of the Company.

Armen Petrosyan graduated from the Department of Russian Language and Literature of NKR State University in 1995, besides, he also studied at the Scientific Research Laboratory of Forensic Examinations. He received his Ph.D. from the University of Artsakh.

Since 2009, he has been teaching at the Russian-Armenian University.

The awards given to Armen Petrosyan are: Mother’s Gratitude Medal for patriotic activities and The Medal of Gratitude for devotion and fruitful activities for the motherland.

In 2021, he was awarded the Medal for Service in Battle by the President of Artsakh for his contribution to the successful performance of combat missions, raising combat readiness of the forces as well as courage shown defending state borders during the Second Artsakh War.

September 16, 2023 – Acting Chief Executive Officer

Alvina Balbabyan Chief Accountant

Date of birth – 14 January 1952.

Alvina Balbabyan has been leading the company’s accounting activities since 2004 as the Chief Accountant. She is responsible for the correct accounting processes of the Company. Before joining the Company, she started her career as an engineer in 1973 at the Yerevan Institute of Physics. Then, from 1992, she worked at “Armenmotors” as an engineer and as the Deputy Chief Accountant.

Later she worked in Armenian Airlines and Business Consultancy companies, holding the positions of leading accountant, deputy accountant, and first deputy accountant.
In 1973, Alvina graduated from Yerevan Polytechnic Institute of K. Marks, receiving the qualification of Electrical Engineer.

Hayk Hovhannisyan Head of the Personal Insurance claims department

Date of birth – 16 March 1981.


Hayk is one of the most knowledgeable and recognized doctors in Armenia and Artsakh, an anesthesiologist-reanimatologist. He joined INGO team in 2007 as a medical expert, and since 2011 he has been the head of the compensation department for personal insurance. Before joining INGO, he worked in the ambulance service of “EREBUNI” Medical Center, then as an anesthesiologist-reanimatologist, and then in the Department of Anesthesiology, Reanimatology, and Intensive Care of YSU as a Senior Laboratory Assistant. Hayk is responsible for the high-quality service of personal applications of insured persons in INGO ARMENIA. Hayk is a lecturer at the Department of Anesthesiology, Reanimatology and Intensive Care of YSMU and works as an anesthesiologist-resuscitator at Heratsi University Hospital Complex No. 1. From 2004 till now, Hayk Hovhannisyan is a member of the RA Anesthesiologists-Reanimatologists Association. He graduated from the Faculty of Medicine and Clinical Residency of the State University of Medical Sciences, majoring in “Anesthesiology, Reanimatology and Intensive Therapy”.

Lusine Avagyan Head of Internal Audit

Date of birth – 04 April 1989.

Lusine Avagyan started her career in 2010 at Grant Thornton CJSC as an Auditor, then as Senior Auditor (Head of Audit Mission Group). In 2017, Lusine started her career at INGO ARMENIA ICJSC as Head of Internal Audit.


Lusine graduated from Yerevan State University, Faculty of Economics in 2011. She then received a Master’s degree in Accounting specializing in Auditing. 

Aleksei Ilyuschenko Board chairman

Year of birth – 1973

Professional activity:

  • 2019 present Board chairman, INGO ARMENIA ICJSC
    Since 2018 Head of direct investments, INGOSSTRAKH IOJSC
  • 2016-2018 Head of Strategy and Marketing, Chief of Strategy for development,
  • 2015-2018 Director of Strategy for development, Head of Strategy and Marketing,
    Open join-stock company Bank Severniy Morskoy Put
  • 2004-2014 Deputy Director of the Corporate Client Services Department,

  • 2002-2004 The University of Chicago Booth School of Business. Business
  • 1990-1995 Moscow Commercial Institute. Global economy
Alexander Rumyantsev Board member

Year of birth – 1971

Professional activity:

  • Since 2021 Board chairman, INGO ARMENIA ICJSC
  • Since 2019 Deputy Head of Direct Investments, INGOSSTRAKH IOJSC
  • 2016-2019 Head of the Information and Analytical Department, SMP Bank JSC
  • 2015-2016 Director of the Corporate and Strategy Development Department, MSP Bank OJSC
  • 2008-2015 Head of Strategic Analysis and Financial Modeling Department, PROMSVYAZBANK PJSC

  • 1989-1994 Moscow State University. Applied Mathematics
  • 2000-2003 Higher School of Economics, Finance
Valeria Kardanova Board member

Year of birth – 1989

Professional activity

  • 2019 present Board member, INGO ARMENIA ICJSC
  • Since 2021, Business Partner, Head of Corporate Governance Centre, Corporate governance of the group’s subsidiaries, “INGOSSTRAKH” IJSC
  • Since 2022 General Director, “INVEST REAL ESTATE” LLC,
  • Since 2022 Member of the board of directors, “InVest-Polis” JSC
  • Since 2022 Member of the board of directors “Emergency Insurance Company” JSC
  • Since 2022 Member of the board of directors “INGO-UZBEKISTAN” IC
  • 2021-2022 Member of the board of directors  “Ingosstrakh – Investments” JSC MC
  • 2015-2021 Internal Auditor; Internal audit “Ingosstrakh – Life” LLC IC
  • 2015-2018 Project manager; Internal audit “INGOSSTRAKH” IJSC
  • 2011-2015 Senior Consultant-Auditor; External audit, consulting, evaluation “PricewaterhouseCoopers Audit”



  • 2021 Association of Chartered Certified Accountants (ACCA)
  • 2006-2011 Moscow State Institute of International Relations (University) of the Ministry of Foreign Affairs of the Russian Federation, Commerce
Nelson Zuloyan Board member

Year of birth – 1978

Professional activity:

  • 2020 present Board member, INGO ARMENIA ICJSC
  • 2018 present Director of Strategic Programs & Development, Vardanants Innovative Medicine Centre
  • 2017-2018 Chief of Staff, The Ministry of Health of Armenia
  • 2012-2017 Director, Health Project Implementation Unit
  • 2007-2012 Director of Development and External Relations, PHARM-ADAMA LTD
  • 2006-2007 Legal Advisor and Translator, CADA
  • 2003-2006 Company Representative in Europe, DEFSTER Group of American Companies
  • 2001-2004 Founder and Director, LORI.COM



  • 2000-2001 Sorbonne University, Political Science
  • 1997-2000 Sorbonne University, Law
Dmitry Markelov Board member

Year of birth – 1981

Professional activity:

  • 2023 present Board member – INGO ARMENIA ICJSC
  • Since 2022 Head of Analytics and General Legal Practice – “INGOSSTRAKH” IJSC
  • 2020-2022 Department Director- JSC “MAKS”
  • 2020 July – 2020 December Deputy Director of the Judicial Department- JSC “MAKS”
  • 2018-2020 Deputy Director of the Judicial and Legal Department – LLC IC “Soglasie”
  • 2017-2018 Head of Department – LLC IC “Soglasie”
  • 2015-2017 Deputy Head of Department -LLC IC “Soglasie”
  • 2013-2015 Head of Unit- LLC IC “Soglasie”



  • 2007-2012 Moscow State University. M. V. Lomonosov, Jurisprudence

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