Banking and insuranceEconomicalEconomicalBanking and insurance

The insurance industry needs data specialists


According to the report of the financial news, citing the public relations of Cooperative Insurance, Mazloumi, the CEO of Cooperative Insurance, is among the managers who pay attention to the category of innovation, and he believes in this regard: “The presence of data processing specialists in different departments can give hope to carry out measures. bring innovation to the insurance industry”.

Mazloumi also believes: “In developed countries, for startups and companies that operate in the field of innovation, laws are usually relaxed from time to time, and sandboxes are defined for tolerance in the process of these companies’ activities.” This process of facilitation makes the startups start to innovate and have the courage to take structurally disruptive actions.

He stated that: “Basically, it is these destructive measures that suddenly cause tremendous and disruptive changes in the industries. In our country, there are a lot of strictures that hinder the activity of startups, because any innovative action may face legal obstacles.

The CEO of Cooperative Insurance further stated: “The regulatory issue is the most important challenge for startups in Iran today, and in the meantime, the insurance industry can provide a better field for startups to operate by simplifying and simplifying laws and even deregulation.”

Mazloumi clarified: “Given that the insurance industry is considered one of the financial services and among all the types of financial services in the world, it is the industry that has the most strict regulations; It means that the most strict regulatory institutions in the world among all types of financial services are related to insurance; Because the insurance industry sells future obligations and the defense of policyholders’ rights is among the supervisory institutions and regulators; That’s why we have to move in that direction.”

He also stated: “In my opinion, any kind of innovation and transformation and change in the discussion of insurance is created based on need; In other words, there must be a need from the consumer to make that change.”

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