It is vital to amend the investment regulations of insurance companies
Ali Musa Al-Reza in the commemoration of the anniversary of the establishment of Amin Reinsurance:
According to the financial news report, quoted from Amin’s reinsurance public relations, At the beginning of his remarks, he reviewed his memories and how this company started and said: Mr. Dr. Mohammad Mehdi Alavi presented the plan to establish Amin reinsurance and this company was established with the efforts of four insurance companies of Iran, Asia, Alborz and Dana. He further added: This company was the first non-governmental insurance company established in the insurance industry, and it is a source of happiness that the company, which has been established for about two decades, is now in a favorable and stable condition.
Musa Al-Reza continued: Today is the day when the country is in great need of the insurance industry and the insurance industry needs reinsurance. In this context, Amin’s reinsurance can play an important role. Especially if in the conditions of embargo and economic war, direct insurances are warm behind reinsurance, great things can be done.
He further called for the amendment of the investment regulations of insurance companies and noted: the investment regulations of the insurance industry are designed in such a way that most of the assets of insurance companies are deposited in cash in banks. In this situation, when the inflation rises, the capital of the insurance companies is lost, so the reform of the regulation is vital. Musa Al-Reza further added: the regulations should be amended in such a way that the central insurance company examines and identifies a project with full economic justification and presents it to insurance companies and invests some of their funds in projects such as petrochemicals and other industries. to do With such a plan, the assets of insurance companies are preserved. Obviously, with the increase in the assets of insurance companies, their support will be stronger and as a result, their global credit will also increase.
I have to say; In the anniversary ceremony of the establishment of Amin Reinsurance, Ali Musa Al-Reza was honored as one of the survivors of the 7th of July 1360 accident and a veteran of the insurance industry.