Private liquidity is raised by private banks / The insurance industry’s share in investment is small

According to the economic correspondent of Fars News Agency, Mohsen Rezaei stated today in the 28th Conference on Insurance and Development on the day of the National Insurance Industry: “What is important in the country is the production and value chain and the insurance industry must be present in all stages of economic prosperity.” If investment, production and trade are completed, then the wealth production chain will be formed and the insurance industry will be used as a lever for economic growth.

The Vice President for Economic Affairs said: “Currently, 200,000 people are employed in the insurance industry, and insurance affects other industries as well.”

Rezaei, stating that fundamental reforms should be made in the markets, said: “One of the needs to reform the market is the insurance market, and by reforming it, pricing should be real in the insurance market, a market that has rents, monopolies and corruption, we can not expect prices.” It was real.

The Vice President for Economic Affairs said: “Private banks have been created to reduce bank profits, but they have raised bank interest rates and added part of the society’s liquidity to these private banks, and the market must be reformed in the true sense of the word.”

He continued: Central Insurance should monitor and not allow the loss ratio in the country to rise so that insurance companies do not go bankrupt.

He considered smart insurance as one of the priorities of the insurance industry and said: we should use blockchains or cryptocurrencies in the insurance industry and we can not ignore the advanced technologies in the insurance industry and in the future we wish we used these technologies in the insurance industry sooner.

Addressing the insurance companies, Rezaei said: “Try to reduce insurance costs and increase quality, and by increasing life insurance, increase the insurance penetration rate.”

Rezaei also said: بیمه Insurance bonds are important. Currently, the insurance industry’s share in investment is small, and with the issuance of bonds, investment in this industry should increase.

“The insurance industry itself should be free from conflicts of interest and central insurance should not compete with insurance companies. We need to review the law in parliament in terms of insurance laws,” he said.

Addressing the insurance industry activists, he said: “Present your expectations and suggestions from the new government regarding the insurance industry.”

According to Fars, the strategic document of the insurance industry was unveiled in the horizon of 1404 in this conference. Also, for the third year in a row, with the approval of the policy council of the insurance industry conference, the permanent face of the insurance industry in 1400 was named Seyed Mohammad Mehdi Alavi. It has been an insurance company including Hafez and Sepehr.

The book “Translation of the end of insurance, the end of the insurance we knew” co-translated by Alireza Jahedi and Iman Aristotle was also praised.

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