“EFES” insurance closed joint stock company was founded in July 2023 with the aim of revolutionizing the insurance industry in the Republic of Armenia. Its goal is to provide new and higher-level insurance services, while adhering to the best international standards and experience. EFES have a team of founders and working group members who have been instrumental in shaping and serving the largest and most diverse insurance portfolio in the country for years. EFES is committed to embracing the changing challenges of the financial sector by leveraging digitization as an opportunity, not a risk. Above all, it put the customer at the centre of company’s operations. The main goal of EFES is to develop the insurance culture in Armenia.