48% increase in sales of Hafez insurance in the car body group
The head of car insurance management of Hafez Insurance Company announced;
According to the financial news report, citing the public relations of Hafez Insurance, Daud Javadi, head of car insurance management of Hafez Insurance Company, pointed out the importance of the company’s presence in the insurance portfolio of people in the society and said: one of the company’s long-term policies and goals is in the field of retail sales in insurances. Cars, allocating a percentage of the per capita insurance premium in the country to Hafez Insurance through providing good and quality services in the field of sales and services and finally choosing Hafez Insurance as one of the priorities of insurers (which is one of the honors and successes of this company) .
He continued: One of the parameters of the success of insurance companies is to increase the number of insurers in the society by providing a good and quality product and then services that match it.
According to Javadi, the sale of body insurance policies in Hafez Insurance up to the beginning of December this year, compared to the same period last year, has resulted in a 48% increase in the number of insurance policy sales, which is compared to the growth rate of the monthly statistics of the insurance industry for the said period. It has increased by 15%.
Regarding the sale of third-party insurance, he also stated: Compared to the same period last year, the company’s third-party insurance premium has increased by 45% and in terms of the number of sales, it has increased by 12%, which is compared to the figures listed in the monthly statistics of the insurance industry in the same period. It shows an increase of 10 and 6 percent, respectively, which indicates an increase in the number of insurance policies, regardless of the impact of the inflation rate.
The head of car insurance management of Hafez Insurance Company considered the current challenge of insurance companies in the field of selling car body insurance to be the unprecedented increase in the price of spare parts and service rates and wages on the one hand, and cheap sales ruling the sale of insurance policies and the disproportion of production insurance premiums with paid damages. And he said: With the joint measures of insurance companies through the insurers’ syndicate, the movement of this process will be slow and will change its direction towards improvement.
He stated that the loss ratio in third party insurance and driver’s accidents will decrease with the increase in the growth rate in its sales area, he added: the growth rate in this area should be controlled by adopting measures and sales policies to avoid an undesirable increase. The one that imposes heavy consequences on the company should be prevented.
Referring to the risk of a high share of production insurance premiums in the third-party insurance portfolio of every insurance company, Javadi said: the trend of decreasing the share of third-party insurance premiums in the portfolio of Hafez Insurance Company from 84% in the past years to 59% in 1400 and 42% this year 1401, which shows the implementation of the goals and policies of reforming the composition of the portfolio portfolio in Hafez Insurance, and in addition, the movement towards a desirable and qualitative portfolio is noticeable.
He also pointed to the outstanding obligations of the automobile group and said: Another good event in the automobile group of Hafez Insurance was the settlement and updating of the outstanding claims of this field in 1400, and it can be stated with certainty that in the field of physical damages of automobiles There are no cases with judgments of the courts in the company that have not been paid or are pending. Therefore, the company’s commitments in this area are also updated and reliable.