The way to support the country’s economy is to make the insurance industry bigger

According to Monetary News, quoting Iran Insurance Public Relations, Seyed Majid Bakhtiari, who at the opening ceremony of the new building of Iran Moin Insurance Company in Kish, emphasized the role of insurance as one of the most effective financial instruments in the country’s economic development, said: The country’s economy is enlarging the insurance industry.

Bakhtiari considered the connection of the insurance industry to other financial markets as the second principled way to support the country’s economy and added: the insurance industry needs a fundamental change to play greater roles in the country’s economic development and relying solely on digitizing the insurance industry to achieve this goal. Although the condition is necessary, but not enough.

Emphasizing that the dimensions of digital transformation are not limited to computerization, the CEO of Iran Insurance added: The insurance industry needs serious transformation and innovation with large dimensions in providing services. He stated: Today, our lifestyle has changed a lot, Even the methods of providing services have changed fundamentally. Today, even representatives of insurance companies can not be managed in the same way as in previous years.

Bakhtiari pointed out that Iran’s insurance is so large that it should have the best level of service and support. Insurance companies need to compete with innovation and transformation, not by taking each other’s share.

According to this report, Dariush Mohammadi, CEO of Moin Iran Insurance, and Karimi, Secretary General of the Iran Insurers Syndicate, were among the other speakers at the inauguration ceremony of Moin Iran Insurance’s new building on the beautiful island of Kish. The ceremony was held in the presence of Kish Free Zone officials on Tuesday, November 25.