Management strategy of Cooperative Insurance to increase capability in insurance operations

According to the report of financial financial news, citing the public relations of Cooperative Insurance, it has been 11 years since the presence of Cooperative Insurance in the country’s insurance industry. A company that started working with a capital of 280 billion and in June 1401 after 3 stages of capital increase in the years 1997, 1998 and 1401 increased its capital to 5 thousand billion Rials to witness a growth of 1,685% in these years. Be an insurance company.

In the first stage of their capital increase in 2017, the managers of Cooperative Insurance increased their capital by 75% and reached 490 billion Rials. In 2018, while the cooperative insurance was increasing its share of the market, the capital of this company increased by 206% to 1,500 billion rials from the cash inflows and current demands of the shareholders. The purpose of developing insurance operations was placed on the agenda of the managers of Cooperative Insurance and to rely on the capital of this company, which operates with 5 billion shares in the second over-the-counter market, with an increase of 233% to 5 thousand billion Rials.

An overview of the results of Cooperative Insurance in the capital market shows that at the end of September of this year, the shares of this company were traded more than 6,857 times, and the actual profit per share of this company was 93 Rials. At the end of the first half of this year, Cooperative Insurance was able to increase its insurance income to 9,241 billion Rials, and the operating profit of this company was 244,930 billion Rials.

With what has been said, it can be concluded that although Yunus Mazloumi’s achievements in cooperative insurance seem satisfactory, but staying at the first level of competition with other insurance companies, strengthening the financial structure, laying the groundwork for obtaining a trust license and increasing the holding capacity and improving the wealth Mali once again started the problem of increasing capital in cooperative insurance. Younes Mazloumi and other managers of cooperative insurance plan to increase the registered capital of the company by 140% to 12 thousand billion rials, which will definitely be effective in attracting larger portfolios. Insurance At the end of October this year, the cooperative issued an insurance policy worth 14,770 billion rials, and after paying 6,667 billion rials, its balance is 8,103 billion rials. The capital market was 31.51% in the last one year, which will definitely increase the attractiveness of symbol and cooperation.

What makes the increase in the capital of cooperative insurance more significant is the hope to increase the share of fields such as fire, liability, engineering, shipping and life, which ironically, Younes Matloumi has written a program to deal with these insurance fields in his company. has placed

Currently, Cooperative Insurance is on a path that can revolutionize the engineering of the insurance process in the country’s insurance industry, and the increase in capital of this company will definitely contribute to this issue.