The insurance industry is shifting towards digital business

According to the financial news report, quoted by the General Department of Public Relations and International Affairs of the Central Insurance, Ali Ostadhashmi, in the second national conference on the digital transformation of banks and insurance, implemented several projects in the insurance and central insurance industry, such as the regulations for the activities of insurtechs and obtaining a sandbox license. And… for real digital transformation in the insurance industry.

At the opening ceremony of the second National Bank and Insurance Digital Transformation Conference, Hashemi said: Digital transformation is one of the drivers of development, progress and promotion of social and economic welfare in today’s world.

He pointed out that the insurance industry in Iran and the world is not far from the threats and opportunities of this phenomenon and is being affected by the digital transformation, he added: this transformation, along with the change in customer expectations and the creation of digital business models, is the conventional business process. Work has challenged the insurance industry so that companies that cannot personalize their strategy and processes in digital platforms and meet the needs of customers will definitely leave the competition scene, because the world insurance industry is evolving and becoming more competitive. .

The head of central insurance continues to implement several projects in the insurance and central insurance industry, such as the regulations for the establishment and operation of technology companies (Insurtech) and obtaining the license to set up an insurance sandbox for real digital transformation in the insurance industry, especially in the areas of smart monitoring. Provided easy, fast and high-quality services to the insured, dealing with fraud and insurance fraud, risk assessment, damage assessment and other areas.