Issuing the license to set up 6 new insurance companies this year
According to the report of Iran Economist, Majid Behzadpour told reporters today that the insurance industry, along with other sectors, is in providing services to the victims of the earthquake, and stated: This industry is based on the transformation document of the people’s government and the 22 objectives that have been announced to provide services to the society. presents.
He added: The 22 objectives of the insurance industry, the development of the insurance industry and the development of the penetration rate of digital transformation, training of manpower are on the agenda.
Referring to international experiences in the insurance industry, Behzadpour said: MOUs were signed with Malaysia and the UAE, and business trips and training courses were conducted in this field, and the insurance industry held an insurance industry governance meeting with Tehran University.
According to the head of Central Insurance, 6 new insurance companies were given permission to operate this year, and most of these companies operate in specialized fields such as life insurance and reinsurance, in addition to reducing the government’s share of reinsurance to 11 existing insurance companies. It has been allowed to provide reliable products, but these licenses are temporary and specialized reliable companies must get a license in this field.
He also said: Every week, two or three new experiences and innovations in the insurance industry are introduced by insurance companies, and most of these projects are being implemented, and the purpose of this is to encourage these types of activities for other companies and to create competition and learning in the insurance industry.
The head of central insurance also said: for the first time, the issuance of reinsurance bonds, which was in the form of a budget note since 1999, will be seriously pursued this year, and these bonds will be issued by three companies in the capital market, and the stock exchange jurisprudence council will also be asked for exchange and transfer. And we have obtained permission to transfer the ownership of reinsurance bonds.
Behzadpour said: Reinsurance bonds are issued in order to transfer the risk to the people. Also, we have signed memorandums with the judiciary, police and presidential science and technology department.
Stating that the goal of Central Insurance is to strengthen the professional supervision of companies, he said: In this context, we will solve the problems of companies by amending the investment bylaws while respecting the rights of policyholders, and our priority is the bylaws, which will be amended with the cooperation of the members of the Supreme Insurance Council.
The General Director of Central Insurance also said: In line with the deregulation and reduction of central insurance interventions and strengthening the supervisory role, by amending the 90 regulations of the insurance industry, the number of positions that required a central insurance license was reduced from 16 to 6.
He also said: “Inactive defense document of the insurance industry was prepared with the help of the country’s passive defense organization.”
He also said: In order to reduce the role of central insurance in reinsurance, in addition to the licenses we have given to new companies, we have also given temporary licenses to 11 existing insurance companies to participate in the reinsurance market.
Behzadpour said: New life insurance companies such as Karisma, which was recently licensed, and Middle East Insurance, which was already there, are used to develop the life insurance industry.
The head of Central Insurance also said: In order to protect people’s rights in the discussion of third-party insurance in rail accidents, their rights were previously ignored because the railway contract with insurance companies was in line with the liability contract, so the amount paid to the victims of rail accidents It could have been insignificant, but after the government’s decision on November 11 of this year and the Supreme Council’s decision, we decided to expand the insurance premium in rail accidents and the vehicles that get into an accident with a train will receive a significant amount.
He also said: In the context of the supplementary insurance contract for the treatment of educators, it led to the conclusion of a contract with the central insurance and the educators of the country were covered.
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