Iran’s insurance industry recognized its potential during the sanctions

According to Monetary Financial News, Marjan Rezaei, Director of Homeland Insurance Reinsurance, said: “After the sanctions, the Iranian insurance industry recognized its good capacities and now, with the coordination created between insurance companies, standards are observed to upgrade the technical level of insurance companies.” Find and issue insurance policies with relative standards.

“The nature of reinsurance is the proper distribution of risk, and when the risk can not be distributed in different regions, in fact,” Not much has been done in the practical sense of reliance.
He said that some of the risks that can be transferred abroad will be transferred, but most of the risks are done inside the country, and this has made the Iranian insurance industry, from the capacities it has inside, can make good use of them. use.
Rezaei continued that currently a coordination has been established between insurance companies to comply with standards, and this will improve the technical level of insurance companies, and insurance policies will be issued within the framework of criteria and with relative standards.
The director of reinsurance of Mihan Insurance Company pointed out that the role of central insurance is very important in this regard, and if it were not for the support of central insurance, the insurance companies would not have been able to cope well during the flood.