Iran Insurance Industry Successful Despite Sanctions
IRAN NEWS ECONOMIC DESK
TEHRAN Chairman of the Central Insurance of Iran Dr. Gholamreza Soleimani says Iran’s insurance industry has performed very successfully despite sanctions and it has now appropriate insurance coverages for all major risks.
The chairman of the Central Insurance Company and the policy-making board of insurance industry of the country met Majlis Speaker Mohammad Baqer Qalibaf on Sunday.
During the meeting, Mr. Qalibaf expressed his satisfaction over the performance of insurance industry regarding the economic growth and observing social responsibilities. He added that the cooperation between Majlis’s related committees with insurance industry is an undeniable necessity and by launching a workgroup, all ways for growth of insurance industry will be reviewed and it will pursue seriously amending the laws or legislating new ones.
Meanwhile Mr. Soleimani, for his part, said that insurance industry in the nick of times like in the unfair sanctions, Coronavirus crisis, quakes and recent floods have proved itself, and with the support of the legislative body and approving important insurance laws, the current trend will continue with more speed.
He added that establishment of national risk management was an important development for balancing the national economy and by its launch, all activists in businesses, production, services and imports and exports can continue their activities peacefully.
Soleimani further said the authority of insurance industry has been one of the achievements of the sanctions, noting that fortunately, insurance industry has performed very well despite sanctions and it currently has appropriate coverages for all big risks.