Diversification of the investor’s portfolio in cooperative insurance

According to the news of Poli Mali, Younes Mazloumi, the CEO of Cooperative Insurance, said in a conversation with the world of economics: “I heard the name of Cooperative Insurance somewhere, and the reaction of several people who were there was interesting to me; They said that Cooperative Insurance is the same company that paid damages during the time of Corona and the closure of the market?
The attraction of the issue was not personal to me, but we had done our duty, but I felt this with all my heart that people are looking for proper service from insurances and choose their insurer.
Following the conversation with Yunus Mazloumi:

How many percentages has the shareholder’s income in the insurance industry reached?

In Cooperative Insurance, we have distributed profits of about 50 billion tomans for two years in a row, but apart from that, we also produce an added value for our shareholders, in terms of the fact that we have invested in a series of properties in the past few years, and thank God, good returns. According to the latest approval of the board of directors, we have decided to increase our capital, and according to the report of the expert working group that we recently received from the official experts’ association, we hope that soon, God willing, our capital will increase to 1200 billion tomans.

Now, most of the companies are looking for life insurances in order to get liquidity, so that they have good resources in their hands with investments. Does it have a special design?

The share of life insurance in our portfolio composition is 23%, according to the last report we had, this is a higher percentage than the average of the insurance industry, which is about 15.16%, but in the insurance industry, we also have companies that, for example, 50% of their portfolio is life, not that. 50% and not 15%, so a good proportion of our portfolio is life insurance.

Due to the redness of the stock market, now the insurance companies are really private sector; Does he have good conditions for investment and can he accept these obligations and pay on his own time? What is the situation in terms of investing in the market now with a monthly pension or lump sum capital?

That is why our strategy was not to go towards a specific group of insurances. For example, our strategy has never been to focus on life insurance, which would affect our returns if these turbulences that you mentioned happen, but I believe that there is really nothing to worry about for life insurance at the moment, because insurance companies naturally use all the savings from In the capital market, they take one percent of the life insurance reserves, they take one percent in real estate, and the bank may invest one percent in other funds, and the sum of these should naturally create a good yield, but We used diversification strategy to cover this risk that you mentioned. We said that we want to have life insurance, but we don’t want 50% of our portfolio to be life insurance.

Due to the fact that pension funds are losing money, they may not be able to fulfill their obligations at all, they say that a part should be entrusted to commercial insurances with a supplementary pension insurance scheme. Do you think this capacity is available in commercial insurances?

Of course, the nature of pension funds is very different from those pension insurance or annuity products offered by insurance companies. In those funds, the insurer does not really know, for example, what pension and what number he will pay in 20 years, but in commercial insurance, when we sign an annuity insurance contract with the insurance We tell our transferor almost a certain number that he will pay, now with a very small fluctuation that we do not actually guarantee the profit of participation in the benefits, but in funds the matter is different and suddenly the government announces that this is how much the payments should be this year. increase; And because the funds are managed by the government and the government is never a good businessman, as a result, the funds are not in a good condition and due to the aging of the population, they will face very serious problems in the future.