The growth of important insurance indicators is a sign of the bold policy of Alborz Insurance
According to the financial news report, quoted from the public relations and international affairs of Alborz Insurance, Ali Ostad Hashemi, the general director of the Central Insurance of the Islamic Republic of Iran, in the nationwide meeting of managers and heads of branches of Alborz Insurance Company, which was held in Isfahan, referring to the achievements of Alborz Insurance in the year Jari, including the 117% growth in insurance premium production and the 15% increase in the life insurance portfolio, said: “Achieving all these achievements shows the bold and daring policy of Alborz Insurance Company, which will create a very good future for this company.”
Hashemi added: One of the challenges of the insurance industry is the lack of insurance in some fields, including micro insurances. Fortunately, Alborz Insurance increased the share of these insurances to 51% of its portfolio in the first seven months of this year with the approach of developing micro insurances. The company has increased and done a huge job in selling life insurance.
Emphasizing that creating peace in the society is the main duty of insurers, he said: Unfortunately, only six percent of residential houses in the country are covered by fire insurance, and insurance companies should enter this field and design new products to protect the people. encourage people to buy this insurance policy, just like the policy adopted by Alborz Insurance for the development of life insurances, and by designing the new Shuka product, it increased the sale of life insurances in the insurance industry.
The General Director of Central Insurance stated that the development of insurance culture and consequently the increase of insurance penetration rate is one of the main programs of this supervisory body and he considered the establishment of good and effective communication between insurance companies and various members of the society as one of the factors of increasing the insurance penetration rate.
He added: Measuring customer relationships and ranking insurance companies is one of the neglected topics in the country’s insurance industry, and soon effective programs will be implemented in this field.
The Vice President of Planning and Development of Central Insurance also said in this meeting that the distinctive features of Alborz Insurance and obtaining the first rank in the insurance index are not hidden from anyone and said: the increase in the number of insurance policies and the sale of life insurance is due to the tact of senior managers and employees. This company has a story and will bring a stable income stream to this company.
Ali Fanadi believed that the only way to create a stable income stream is the development of life insurance.
He emphasized the need to avoid the traditional view in the insurance activity and said: Fortunately, Alborz Insurance developed the sale of micro insurance policies by changing its view and presenting a distinctive approach, which is appreciable success.
In the end, while emphasizing the change in the approach of central insurance in order to increase the participation of insurance industry experts and experts in explaining and amending regulations, he considered the invitation of the former CEOs of Alborz Insurance to the nationwide meeting of managers and heads of this company a valuable step.
This report indicates that the nationwide meeting of Alborz Insurance Company managers and branch heads with the presence of the General Manager and Deputy Director of Planning and Development of the Central Insurance of the Islamic Republic of Iran, the CEO, members of the Board of Directors, the Secretary General of the Iran Insurers Syndicate, Alborz Insurance Branch Managers and Branch Managers on Wednesday, November 24, 1402 Held in Isfahan.