Issuing licenses in the specialized fields of life and reinsurance and avoiding issuing mixed licenses

According to the report of Iran Economist, quoted by the Iranian Economic and Finance News Network (Shada), Dr. Seyed Ehsan Khandozi said during a speech at the annual general meeting of Central Insurance: a very important issue that I discussed with the head of Central Insurance earlier. And I think it is good to clarify in the meeting of the assembly that, in the face of the significant volume of requests for new licenses to operate in the field of insurance, conditions should be considered for issuing licenses to prevent the buying and selling of licenses by opportunistic people and Turn it into a means of earning money.

Khandozi stated that putting a condition such as “prohibition of the transfer of insurance license in the first 10 years of activity” can be considered as a proposal in this field and said: by applying such restrictions, only professional people and those who are concerned about work They are entering the field of insurance and this is a good message for the insurance industry that the movement to grant new licenses will turn on from now on.

The Minister of Economy continued: In this regard, if we can also include a jurisprudential committee in order to measure the compliance of the insurance activity requested by the applicants in the issuance process, it can be very useful.

Khandozi clarified: The existence of such a committee does not mean that it can act on the issuance or non-issuance of a license or create a new plan from the beginning, but it means that if there is any consideration, it can express its opinion that we Let’s have a collective mind in this sense.

He said: This is a procedure that is followed in the Supreme Council of the Stock Exchange and some other institutions, and this can lead to a kind of convergence between the pillars of financial markets, banks, stock exchanges and insurance.

The Minister of Economy mentioned another important issue in the view of the Ministry of Economy regarding the insurance industry, management issues, the organization of which is important for the entire industry, because according to him, the more professional managers and the less conflicts of interest and If a more transformational and agile approach is used in this industry, it is better to align the insurance industry with the general direction of the central insurance of the Islamic Republic.

In this regard, he also wanted to use the valuable experiences of experienced but less agile managers in the advisory layers and think tanks of the country’s insurance industry.

The Minister of Economy further asked to compile and present the schedule of the central insurance in order to separate the roles and resolve the conflict of interests of the central insurance with other components of the insurance industry in such a way that the report on its implementation can be presented in the next year’s general assembly and the case will be closed forever. has been.

In another part of his speech, Khandozi mentioned the connection of governance systems as another axis he expected from the central insurance and said: Anyway, if the central insurance wants to lead and be a father to the insurance industry; He should bear the burden of connecting them with governance systems.

He added: that we reach a point where we know that at least the main and key governance system is connected to the insurance industry and we do not need to use traditional time-consuming and corrupt methods for many inquiries or data transfers, very is worth

Khandozi said: In my opinion, this should also be considered as one of the tasks of the Central Insurance General Assembly for the next year, so that large governance systems (and primarily important institutions such as NAJA, forensic medicine, etc.) can fully Connect our insurance network systems.

The Minister of Economy stated “supervision of the central insurance line on the country’s insurance network” as another of his expected axes and stated: I also presented this at the meeting of the General Assembly of Iran Insurance; The current situation does not make it very possible for the central insurance to see what really happened at the end of each day when the accounts of the insurance companies are closed.

He said: I believe that, instead of finding out about an incident in the account of insurance companies after a period of time, through the report of your own inspection unit or another regulatory body, you should prepare a mechanism to prevent this from happening. occur online without the need for an intermediary.

Khandozi clarified: Despite all these digital facilities and all this expert human capital and good companies in the private sector, there should not be a break in this matter.