Licensing of reinsurance bonds for the first time
In the sixth week of the technological survey of the innovative Tuesdays of the insurance industry, the following were mentioned:
According to the financial news report, Ali Fanadi Naini, the vice president of central insurance planning and development, introduced this tool in the sixth week of the technological campaign “Innovative Tuesdays of the insurance industry” and said: the issuance of a license for the issuance of reinsurance bonds after hours of expert meetings of the insurance industry And the organization of the stock exchange was done for the first time by the Central Insurance.
He added: This process was carried out with the aim of using the capacity of the capital market in covering risks and optimally using the capacity of the debt market in line with the development of the insurance industry and completing the chain and financial services.
Dr. Fanadi Naini considered the release of these bonds as the beginning of the direct connection between the insurance industry and the capital market and said: the life and continued activity of the financial markets depends on the acceptance of their risk by the insurance industry.
He clarified: the insurance industry has used less than the capacity of the debt market so far and this joint work with the capital market can play an effective role in the growth of the insurance penetration rate.
The member of the executive committee of the Central Insurance Technology Campaign considered “Innovative Tuesdays of the Insurance Industry” as a space for the convergence of the insurance industry in covering emerging risks by using new technologies and added: the process of turning an idea into a product has many risks that the industry By accepting this risk, insurance can greatly contribute to innovation in industries, especially the insurance industry.
He pointed out: The presence of the insurance chain in this campaign gives us a big picture of the needs of this industry and we can reach a common literature in addition to producing new insurance products in the field of self-regulation of the supervisory body.
It should be mentioned that the CEOs of Mellat insurance companies, Attakei Iran Moin and Attakei Amin presented the details of this product in this meeting, which was held in the presence of the CEO, the board of directors and managers of Central Insurance, representatives of the Syndicate of Iranian Insurers and the Insurance Research Institute.
Source – Public Relations and International Affairs of Central Insurance
