Obtaining the level of a financial wealth by cooperative insurance

According to Monetary Financial News, quoting the public relations of Cooperative Insurance, Muslim Asadi, the financial manager of the company, referring to obtaining the level of financial wealth for the third consecutive year without considering the current capital increase of the company, said: It has led to the acceptance of reinsurance premiums, which in turn will increase the company’s participation in tenders and a more prominent presence in the acceptance process.
The financial manager of Cooperative Insurance Company added: “Among the ratio of wealth level of companies, the ratio of 120 to 180 is considered good and indicates the activity, dynamism and capability of the company among the accepted risks of the company. Fortunately, Cooperative Insurance Company also has a ratio of 121%.” Has gained confirmation of what has been said.
Asadi also referred to the conditional admission of the Cooperative Insurance Company in the OTC market and said: “In the next two months, the status of admission in the OTC market will become definitive, which will bring significant benefits.”
He explained: “Among these cases, we can increase financial transparency and obtain a more favorable credit rating, increase stock fluctuations from 3% to 5%, obtain facilities from shareholders from the bank with stock collateral, tax exemption up to 25% and some cases from This hand pointed.
The financial manager of the Cooperative Insurance Company further referred to other activities carried out in the financial unit and stated: One of the important things that was done in this unit was to discuss the payment of damages by the insurers without the user’s referral and only after 24 hours. Given the prevalence of the corona pandemic, it was important to help maximize the compensation process and reduce customer traffic.
He continued: “Simultaneous payment of representatives ‘salaries with employees’ salaries was another achievement that took place in the financial unit, and as a result, the sales network realized its importance and role in the central organization more than before.”
Asadi added: “Among other measures taken during the last year, we can mention the presentation of financial statements without even a day’s delay, which also shows the company’s attention to financial transparency.”
Asadi also stated: “Following the tax credit, we managed to receive a tax loss of 60 billion rials.”