TEHRAN – Head of Central Insurance of Iran (Bimeh Markazi Iran) Gholamreza Soleymani said that the company will not interfere in the merge of insurance companies and it is up to them how to merge. IRAN NEWS ECONOMIC DESK Speaking in a press conference in Tehran yesterday, Soleymani said that it is not the policy […]
TEHRAN – Head of Central Insurance of Iran (Bimeh Markazi Iran) Gholamreza Soleymani said that the company will not interfere in the merge of insurance companies and it is up to them how to merge.
IRAN NEWS ECONOMIC DESK
Speaking in a press conference in Tehran yesterday, Soleymani said that it is not the policy of Central Insurance Company to get involved in the internal affairs of the companies and the policy of the company is to support all private and state insurance companies which are active in their specialized field.
He admitted that the local insurance companies comparing to their foreign counterparts enjoy lesser profits, adding that in foreign countries some companies earn even 33 percent profits and it has helped the insurance industry to attract more investments.
He also announced that the company is working to launch an assessing center which is tasked to assess the amount and volume of the damages and it will need no assessment by the insurance companies who may have biased assessment.
On the cooperation with the foreign insurance firms, he said that 13 companies which have no contact with the U.S. are working with Iranian counterparts as they believe Iran’s market is an attractive and profitable one.
Comparing the insurance industry before the Islamic Revolution with post-revolution, he said that the industry has grown by 26 percent.
He admitted that life insurance is not taken seriously in the country as it is one of the indicators of cultural growth in the world and it should be promoted in the country.
He also warned those drive recklessly, adding that the insurance cost for reckless drivers will be increased.
He added that those drivers who drive safely enjoy discount for their premium and the amount of discount even reaches 70 percent.
