The insurance industry started controlling inflation in 1402
According to the financial news report, quoted by the public relations of Hafez Insurance, Majid Meshalachi, the deputy chairman and spokesman of the Central Insurance of Iran, Masoud Hajarian, the CEO of the Professional Association of the Insurance Industry of the country, and Jalal Soltani, the CEO of Hafez Insurance Company, gave different answers to this question of “Economic World”.
The spokesman of Central Insurance said that he is hopeful for the future, Hajjarian considers its implementation conditional on correct monetary and financial policies, and Soltani considers the implementation of these important goals in commercial insurance conditional on Central Insurance’s close supervision of Iran’s government insurance and quasi-governments.
State obesity disease
Jalal Soltani, CEO of Hafez Insurance Company, told our reporter about this: Inflation indices are strongly and directly dependent on production and production indices are also strongly and directly dependent on inflation, so this issue is completely non-linear and complex and the weight of related elements is affected by coordination. is a part Stating that inflation control is not necessarily defined only in the field of staff management, Soltani continued: society’s inflationary expectations also add to the complexity of the problem, and people today pay the price of accumulated and chronic inflation; Because the obesity disease of the government and the executive management of the past have hindered productivity. Referring to the return to the first stage of this vicious cycle, the CEO of Hafez Insurance explained: I believe that the best action of the insurance industry to achieve this slogan is a serious reduction of underwriting and the real supervision of the Central Insurance Company on the performance of Iran Insurance, Dana, Alborz and quasi-government insurance companies. share of their portfolio and expenditure.
The beginning of inflation control in commercial insurance services
Majid Meshalachi, the deputy director and spokesperson of the Central Insurance of Iran, said to the question of “Economic World” about this: Every policy should be made; The approval of regulations and the notification of instructions that lead to inflation and injection of high prices into the society were prevented, and the insurance industry of the country started to curb inflation by setting the third party insurance premium rate in 1402. Majid Mashalchi reminded: despite the 50% increase in the payment of money in 1402 compared to 1401; The premium rate of the third party insurance was only increased by 30%, and in other words, the injection of about 13 hemat (thousand billion tomans) more financial burden to the third party insurers, who were mainly the vulnerable sections of the society, was prevented. The spokesman of the Central Insurance of Iran continued: For the growth of production, good cooperation agreements were concluded between the Central Insurance and the Vice President of Science and Technology, which can be mentioned in the blood plasma products industry, where it was decided that the Central Insurance of Iran would invest about 2000 billion rials.
First, adopting correct monetary and financial policies
Masoud Hajarian, the CEO of the Professional Association of the Insurance Industry of the country, in an interview with “Dunya-e-Econom” in response to the question, “How can the commercial insurance industry curb inflation and be successful in the growth of production?” It was noted: In the current situation, inflation control is possible by adopting the right monetary and financial policies, and the government should eliminate the budget deficit, reduce debt relief, increase the interest rate, and deal with imbalances and money creation in the banking network. Hajarian emphasized: But in the long run, the country’s economy should achieve superior productivity and a stable global competitive position, and at that time it will be possible to establish domestic competition and improve the quality of products, reduce the cost price and minimize the risk. . The CEO of the Professional Association of the Insurance Industry of the country stated that in such a situation, insurance will play a fundamental role and importance, and continued: If the insurers have a correct assessment of the risk and determine the rates and conditions correctly, they will play the highest role in the growth of productivity, development of resources. They will have humanity and meritocracy.