Ingo Armenia was founded in 1997, and acquired by Ingosstrakh IPJSC in 2003, which for more than 70 years is one of the leading insurance companies in Russia.

Afterwards, along with the market the company started its expansion, while enriching its customer base and building trust with its partners.

The key factor making this acquisition happen was the two companies’ similarity to each other in regard to their spirit and working practices.

With the launch of its newborn strategy, Ingo Armenia was the first Armenian insurance firm to sell CMTPL contracts online.

The company reduced its branches to: Ingo Armenia currently has flat organizational structure that increases flexibility and improves communication across all divisions.

Ingosstrakh IPJSC is the parent organization of InVest-Polis JSC, with full controlling interest package.

As the company's recent target is penetrating retail market, Ingo Armenia developed number of unique offerings that were absent from current product range.

[citation needed] The company's financial performance is largely dependent upon the state of Armenian business environment as it is still in its developing stage and has a rather volatile nature.