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Domestic Companies Dominate Insurance Sector

Domestic Companies Dominate Insurance Sector Domestic Companies Dominate Insurance Sector

Iranian insurance companies cover nearly $500 billion worth of risks, says Gholamreza Soleimani, president of the Central Insurance company of Iran (CII) – regulator of the insurance industry. 
"Risks of almost all types in the country are covered by local firms, including reinsurance companies, insurance companies and the CII," he told a press conference. There are no foreign insurance companies in Iran.   
US sanctions and major international reinsurance companies' refusal to do business with Iran has deprived the country of the ability to transfer normal trading major risks outside its borders and to top international players in the key sector.

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