Integrated 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.