Purchase a Sunhit solar plant with Nairi Insurance coverage

A new partnership for a safer and more sustainable future: Nairi Insurance and solar power installation company Sunhit have signed an exclusive cooperation memorandum, under which customers purchasing a solar power plant from Sunhit will receive insurance coverage from Nairi Insurance. 

Sunhit is the official partner in Armenia of LONGi, one of the world’s leading manufacturers of solar panels, offering high-quality, innovative photovoltaic solutions and solar power systems. 

“Nairi Insurance continuously monitors market developments and strives to provide solutions that meet the demands of the time. The rapid growth of solar energy in Armenia served as a strong incentive for us to develop this offering and provide insurance protection for solar power plant owners,” said Mane Martirosyan, Executive Director of Nairi Insurance. 

Within the framework of the partnership, customers purchasing solar power plants will receive 12 months of insurance coverage against a wide range of risks, including fire, hail, strong winds, flooding, theft, and other potential damages. 

“Today, solar photovoltaic plants have firmly secured their place in Armenia’s energy system. Since the beginning of our operations, we have introduced the latest global innovations into our offerings and, within a short period, established a high level of partnership with leading international companies. We highly value Nairi Insurance’s involvement in this important initiative,” said Tigran Vardanyan, Founding Director of Sunhit. 

“According to global statistics, the most common causes of damage to solar power plants are hail, strong winds, and fire. Given Armenia’s significant solar energy potential, the sector’s rapid development, and growing demand, this partnership aims to promote an insurance culture within the industry and contribute to effective risk management. Solar energy, global technologies, and insurance protection are now combined in one reliable solution,” the news release states. 

About Sunhit

Sunhit’s solar power systems harness the energy of the sun to provide power for homes and businesses, helping customers significantly reduce energy costs and redirect savings toward other investment and growth opportunities.

Driven by innovation and a commitment to technological advancement, Sunhit was founded in 2024, bringing together specialists with more than 10 years of experience in the professional assessment, design, and installation of solar power systems. Their extensive expertise contributes to the company’s growth, expansion, and strengthening, while also supporting Armenia’s economic development.

About Nairi Insurance 

Nairi Insurance is the oldest insurance company in Armenia, with a history dating back to 1996. It is the only insurer in the country to hold an international rating from the prestigious Moody’s agency – B1 with a stable outlook.

Based on 2025 results, Nairi Insurance ranked first in the Armenian market by the volume of insurance premiums collected.

In 2025, the company established a strategic partnership with AXA Health International, one of the world’s leading health insurance providers, with a network of approximately 2 million partner medical institutions worldwide. As part of this cooperation, the companies launched the Global Health Insurance program, making an international health insurance solution available in Armenia for the first time. The program enables insured clients to receive medical treatment at leading healthcare institutions in Armenia and in 50+ countries around the world.