CII: Need for Robust Insurance Sector

The insurance industry regulator says more insurance companies is a necessity for increasing the penetration rate of insurers and enhancing service quality, head of the Central Insurance company of Iran (CII) said.
"We have received many requests for the establishment of new companies and some have been approved," Gholamreza Soleimani said in a meeting hosted by the Financial Tribune's sister media, EcoIran TV on Clubhouse.
"Licenses were issued for applications compatible with our policies.  We also approved some reinsurance companies, specialized life insurance companies and general insurance firms with innovative plans to empower the industry."