Obtaining a reinsurance license is a sign of the power of secret insurance

Ali Zeinsaz, Razi Insurance’s relying director, was the 17th guest of the Tuesday Response Program, which was viewed live by more than 1,500 people via Instagram, according to Razi Insurance Company Public Relations and International Affairs. One of the main components of obtaining a license for accepting capital reinsurance is the Central Insurance, which was achieved with the presence of Dr. Jabbari as the CEO of Razi Insurance, and after 18 years, Razi Insurance was able to obtain a reinsurance license.
Referring to human capital, technical knowledge, financial capital of the company and acceptable wealth of Razi Insurance, Zinasaz said: “Insurance companies are divided into two types: direct and reliance, and companies that seek to accept reliance must have certain factors according to central insurance regulations.” Leave behind.
He specified: According to the regulations of the Central Insurance, in order to receive the reinsurance acceptance license of the mentioned company, it must have a minimum capital of 250 billion Tomans and at the same time a wealth of 120%, technical knowledge and software accepted by the Central Insurance.
Regarding technical knowledge, Zinasaz said: “Experts and managers in the field of reins of the company who are looking for a license to accept reins must receive a passing score from interviews and central insurance tests, which was achieved with the support of the CEO.”
“In simple terms, it can be said that reinsurance insures other insurers and the so-called insurance company pays a certain amount of insurance risk to a reinsurance company, and this process is common worldwide.
He predicted that due to the changes in the central insurance laws, a significant number of companies in the insurance industry will lose their reinsurance acceptance licenses next year, and on the other hand, reinsurance companies will enter the market, according to which Razi Insurance With well-planned planning, it seeks to maintain and grow its position in the field of reliance.
“Reinsurance is considered as a credit in the insurance industry and market and will be a factor for agents to have a more competitive advantage in marketing activities,” said Zinsaz, looking at the activities of Razi Insurance agents.
In response to a question about the forecast of the company’s reinsurance acceptance portfolio, Razi Insurance Managers said: “Considering the previous years, the non-compulsory non-medical portfolio that constitutes the reinsurance acceptance market has been 2.4% of the market production premium.” And if Razi Insurance can absorb 1% of the market from this amount, 25 billion Tomans of reinsurance will be Razi Insurance.
Emphasizing that reinsurance is a strong point of insurance companies, he said: “During the past few days, good agreements have been concluded in the field of reins and plans have been prepared in this field for this year.”
“We have been in contact with companies and international partners for the past years, and this relationship was strengthened more than before during the Borjam era, but now the financial relations with these companies have decreased, which we hope will be lifted with the lifting of sanctions,” he said. Increase financial transactions.
At the end of the meeting, the statue of Razi Insurance was awarded by Dr. Nasser al-Din Islamifard, Director of Public Relations and International Affairs of Razi Insurance.
It is worth mentioning that “Answering Tuesdays” have been held by Razi Insurance Public Relations since the beginning of 1400, during which time the CEO, deputies and senior managers of the company have answered the questions raised by the representatives and the sales network in a live program.