Business And Markets

Integrated Insurance Market Planned

Integrated Insurance Market PlannedIntegrated Insurance Market Planned

Iranian insurance companies are working to develop an integrated insurance market platform, to help insurers efficiently transfer risks to reinsurance companies. 
The integrated market is expected to help insurers offer rational rates when buying reinsurance cover. It is also designed to help improve transparency of reinsurance deals and enhance competitiveness.
A private institution is to be established for running the market without direct involvement of the Central Insurance company of Iran -- the top regulatory body. The CII has welcomed the move and expressed readiness to support insurers launch the market. 


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment