Mellat insurance on the way to a portfolio of 5 thousand billion tomans
According to the report of financial financial news, citing the public relations of Mellat Insurance, Alireza Yazdandoost, the CEO of Mellat Insurance, who attended the meeting of the deputies, managers and branch heads of this company with the presence of the CEO and members of the Central Insurance Executive Board, the Secretary General of the Insurers Syndicate and the members of the board of directors of this company. The company was speaking, adding: It is expected that the company’s portfolio will cross the border of 5 thousand billion tomans this year, and of course, the portfolio reform process will continue.
He said: It is expected that the projected budget will be realized for the next year as well. The budget forecast of 1403 Mellat insurance companies is about 7 thousand billion tomans, which is being reviewed in the meetings of the board of directors.
Yazdandoost pointed out: In Mellat Insurance, the effort of all the company’s elements is to examine existing concerns in a friendly atmosphere and take steps to resolve them.
The CEO of Mellat Insurance emphasized that since September of last year when the new team took over the responsibility of the company, we have gone through many problems and added: After collective efforts to solve the problems and overcome them, we are now seeking to acquire We are more operating profit.
He said: In the first half of 1401, we were faced with a high volume of claims, which fortunately we managed to solve, and the company continued its path with more stability in the second half of 1401.
Yazdan Dost stated: According to the seven-month report that was also published in the Kodal system, more than 2600 billion Tomans in insurance premium income has been realized by the company, which shows that 54% of the insurance premium income has increased compared to the same period last year. Also, the loss ratio 70% of last year has reached below 47% this year. The CEO of Mellat Insurance further mentioned the future strategies of the company and added: One of the strategies for the future of the company is to pay attention to retail sales. It is expected that all active people in this field are demanding and the basis of work is laid on retail sales.
He said: One of the advantages of having a small portfolio is that the expectations of small insurers are lower compared to a large portfolio.
Yazdandoost added: Of course, paying attention to small portfolios does not mean that we will no longer have large portfolios; These two portfolio models are not in conflict with each other and can exist in parallel. He stated: Another advantage of small portfolios is that small insurers last longer than large insurers.
The CEO of Mellat Insurance emphasized: It is expected that this program will be circulated as a new trend, and its preparations and delays will be weighed and checked to see how this strategy can be implemented. While thanking the board of directors of the company, Yazdandoost said: The board of directors has been persistent and supportive in solving the problems and achieving the company’s goals, and we hope to benefit from the support and support of these dear ones from now on for the implementation of future strategies.
He said: Another future plan of the company is branch development. Currently, we have 15 active branches in the country, 7 more branches will be opened by the end of the year, and it is expected that the branches in Sistan and Baluchistan, Arak, Bushehr and Tunkabon will start working within the next month. Consideration should be given to newly established branches so that we can witness the prosperity of new branches.
In the end, Yazdandoost appreciated the valuable presence of Professor Hashemi, the CEO and members of the executive board of Central Insurance, as well as Pourkiani, the Secretary General of Iran Insurers’ Syndicate in this meeting and announced the readiness of Mellat Insurance to advance the programs of Central Insurance and Iran’s Insurers’ Syndicate.