The largest community of insured residential houses covered by Kosar Insurance

Azam Alizadeh, General Manager of Kosar Insurance Company’s property insurance, stated: The nature of property insurance is related to compensation for movable and immovable assets. However, since different risks and damages threaten these assets, different insurance plans and coverages have been designed, developed and presented in accordance with the needs of different individuals and groups.
Azam Alizadeh added: “Each person has different capital, property and assets according to their social, economic and occupational status.” Home, workplace, factory, all kinds of vehicles, projects under construction and operation, and ‌ can be among the assets of each person. All our efforts are to plan in this field and provide products and services that meet the needs of all insurers and do not leave any concerns for individuals.
Referring to the principle of insurance indemnity, he said: “Insurers in property insurance, according to this principle, return the insurer to the conditions before the accident and the occurrence of damage.” Of course, the compensation paid to the insurer is calculated based on the current price of the insured goods and after legal deductions. For example, due to the depreciation of property, in some cases, part of the damage may be deducted in this form. Of course, we at Kowsar Insurance Company do our best to provide services and coverage to the insurer with proper advice at the time of issuing the insurance policy, which is as complete as possible and does not leave any concerns for the injured insurer.
Regarding oil and energy insurance, the property manager of Kosar Insurance Company said: “Projects related to the oil, energy and petrochemical sectors generally have large investments, which are both high risk and can have good profits.” In this regard, in the last two years, we have been able to increase our presence in the field of oil and energy insurance, to the extent that large companies active in this large and strategic industry of the country have concluded large contracts with us.
Alizadeh announced the decline of the portfolio of freight insurance policies in the country’s insurance industry and added: in this field, all shipments that are transported in the form of import and export or within the country are covered; It is natural that due to the imposition and intensification of sanctions on the country, activity in this sector has been declining for some time. But with all these interpretations, Kowsar Insurance Company has considered good solutions to provide services in this sector and has been successful so far. At Kosar Insurance, our effort is to plan and provide innovative solutions to gain a greater share of the cargo, ship and aircraft insurance market.
In the next part of his speech, he spoke about car insurance and said: “Insurance companies pledge through third party insurance to compensate for the loss of life and property to third parties in accidents caused by vehicles within the limits of the insurance obligation.” On the other hand, having car body insurance reduces people’s worries about accidents that cause damage to their car, such as when they are to blame for the accident or the culprit has escaped.
Kowsar Insurance Property Insurance Manager continued: In car insurance, the duration of payment of life and financial damages are different from each other; Because in the case of bodily injuries, we often have to wait for the court ruling, but in the case of financial damages, if the documents are completed, we will pay the amount of damages less than seven days after the announcement of the accident. Observing the time of payment of damages in Kosar Insurance is an important principle in the field of protecting salaries and increasing customer satisfaction, which has been announced in writing to all departments and branches. Of course, at present, most of the compensation units of Kowsar Insurance Company deposit the amounts to the victims’ accounts in less than three days.
Alizadeh expressed his satisfaction with the online sales process and the development of its facilities and capacities: At present, insurance policies are issued online in some fields; But following the cooperation with startups and following the software upgrades of this company, we intend to expand online sales in various projects, especially in the field of property insurance.
He announced the expansion and optimal organization of mobile damage of this company in the near future and said: in the field of car accidents, we are trying to organize the mobile damage system of Kosar Insurance extensively in Tehran province. We have obtained its permission and the process of implementing this important change is currently underway, which we hope will be realized soon.
The director of Kowsar Insurance Property Insurance stated that Kowsar Insurance Company has many group insurance contracts in the field of fire, and continued: The largest group residential contracts in the insurance industry have been concluded with Kowsar Insurance Company. Therefore, we have the largest insured population in this field. Accordingly, we are very active in the payment of damages caused by natural disasters, which are sometimes covered by these insurance policies. For example, in the flood of 1998, when about 29 provinces of the country were involved at the same time, Kowsar Insurance filed more than 14,000 claims and despite the large volume of cases, it was able to handle and pay most of the cases in less than a month.
Alizadeh also reminded: the November 1400 earthquake in Hormozgan province is another example of the company’s performance in handling natural disaster damage cases, which was accompanied by the consent of insurers. Kowsar Insurance’s performance in dealing with the recent damage was so good that we have received numerous requests from governmental and non-governmental organizations to cooperate with Kowsar Insurance and conclude insurance contracts, which we are currently in the process of holding meetings and concluding contracts in the near future.