Kowsar Insurance sees the profit of insurance operations

According to the monetary financial news, quoting public relations, Ali Mokhtari, technical deputy of Kosar Insurance Company, while stating this matter, stated: The company is in a good condition in the eight months of 1400 and, thank God, during this period the company’s sales amounted to 3,460 billion. It is 47% more than the same period last year. Of this amount, 33% belongs to third party and passenger insurance, 19% to treatment, 15% to life insurance and 33% to other fields. Also, during this period, nearly 1,700 billion tomans of damages have been paid. He added: “Relying on young and specialized manpower, we try to improve the company’s insurance operations in the current context and at the same time use new methods, especially the development of cooperation with startups and shortcuts.”
Mokhtari further explained the conditions of Kosar Insurance’s presence in the joint energy consortium and the function of this consortium and noted: This consortium was initially composed of eight insurance companies to use the capacity of domestic insurers to deal with oppressive insurance sanctions. Fortunately, Kosar Insurance, considering its technical and financial capabilities in the oil and energy sector and having major shareholders active in this sector, was able to join this consortium as the ninth member three years ago.
He added: “This consortium has performed well in covering oil and energy risks.” Of course, the change in the exchange rate in recent years has led to a sharp increase in the rial capital of petrochemicals and refineries. On the other hand, restrictions on the supply of some equipment, while exacerbating the risk, have led to an increase in the price of equipment; Therefore, in the event of an accident, the amount of damage will be higher than normal. Domestic power in the face of sanctions can cover the risks of these industries, and in recent years, attempts have been made to involve more non-member companies in covering some of the risks in order to transfer and spread the risk more appropriately. But from the point of view that the whole risk remains inside the country and it is not possible to transfer it abroad, it is considered a serious shortcoming.
Kosar Insurance Technical Vice President, who has recently been appointed to this position, said in explaining his plans: “Continuing the process of improving the portfolio composition, controlling losses, keeping profitable insurers and paying attention to insurers’ satisfaction are important goals of the company.” To achieve these goals, selecting to accept risks, enhancing the technical and professional capabilities of the network of agents to develop the sale of micro and risk insurance, developing new plans and different fields of insurance, pursuing receipts and following the instructions are essential measures on the agenda of technical managers. And heads are located across the country.
In the end, Mokhtari also spoke about two important concerns of the company: paying special attention to the target community and trying to make a profit are some of our serious concerns in Kosar Insurance. We have done good work in improving export and damage services to the target community, and we are considering other programs as well. Regarding profitability, I hope that the continuation of the trend of paying attention to the quality of sales, while maintaining market share, will lead to the improvement of the company’s insurance operations. Repeat later.