Banking and insuranceEconomical

Iran Insurance reduces the country’s export risk

According to the Iran Economist, Public Relations of Saba Business Holding, Iran Insurance signed a quadripartite memorandum of understanding with the Trade Development Organization, the Export Guarantee Fund of Iran and Saba Business Holding, to increase its activities to cover export risk and support private traders.

The memorandum, signed between Alireza Peyman Pak, Director General of the Trade Development Organization of Iran, Alireza Alikhani, CEO of the Export Guarantee Fund of Iran, Hassan Sharifi, CEO of Iran Insurance Company and Mohsen Ahmadi, CEO of Saba Business Development Holding, organizes exporters’ insurance and guarantees of export risk reduction. .

Accordingly, each of the parties to the Memorandum of Understanding in the field of providing services in the field of their legal duties and activities to facilitate, encourage and develop the country’s exports, provide insurance and reinsurance coverage, provide the infrastructure needed by Iranian traders, exporters and companies in and Abroad and will expand and improve the quantitative and qualitative level of cooperation between the two countries.

Supporting Iran’s exports by providing insurance coverage and guaranteeing credits and investments related to export goods and services, participation of the parties to provide services in trade delegations, joint commission meetings, etc. to facilitate the export contract of private sector traders with foreign buyers. Using the capacities of Iran Insurance, Saba Business Holding and their subsidiaries to provide insurance and reinsurance coverage in order to reduce export risk, develop foreign trade and export development and provide special insurance services to centers and members of Iran Business Center and foreign trade and economic affiliates of the organization. And the fund is one of the most important pillars of this quadrilateral cooperation in different countries.

It is worth mentioning that in this joint memorandum, Iran Insurance Company regarding the provision of insurance coverage, credit guarantee and investment related to export goods and services to companies introduced by the Trade Development Organization, which is approved through the Export Guarantee Fund. Has taken, will act.

Also, the strategic partnership of the parties to design new insurance coverage required for identified risks, issuance of guarantees and insurance policies necessary to participate in international tenders, cooperation to provide credit coverage to economic actors is envisaged jointly.

In this memorandum, the parties emphasized cooperation to assess the risk and accreditation of foreign buyers of Iranian goods and services and to prepare a special support package for the development of economic activities of small and medium units and knowledge-based companies.

Strategic partnership for the use of customers and economic partners of the two sides in order to use each other’s services, introduction of traders, traders and exporters to Saba Holding by the Trade Development Organization and Export Guarantee Fund for joint cooperation, especially in export markets for economic units, trade cooperation and marketing , Helping to facilitate and reduce the financing costs of export units for a successful presence in export markets is another provision of this memorandum.

Also, cooperation between the parties to hold joint and specialized training and research courses, domestic and international, especially insurance training to enhance the export capacity of Iranian companies and businesses and cooperation to provide information technology, logistics, transportation infrastructure required by the parties and companies, exporters and Traders are another important aspect of this quadripartite memorandum.

Other notable points in this quadrilateral memorandum include the provision of specialized services in the field of law, information technology and engineering to the Trade Development Organization, Iran Insurance, the Fund, companies, exporters and traders introduced by the Trade Development Organization and the Export Guarantee Fund by Saba Holding. He noted the expansion of cooperation between the two countries in the areas agreed upon, focusing on international and reliance insurance, capital markets, foreign investment, tourism and international trade.

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