Insurance Regulator Moving Away From Earlier Measured Expansion

The number of insurers in Iran, including reinsurance, life insurance and general insurance companies, is likely to reach 46 with the regulator saying that 13 new firms are getting ready to enter the market.
The Central Insurance company of Iran, the supervisory body of the industry, has granted preliminary permission to two life insurance companies, namely Karizma Life Insurance and Hamerz Life Insurance; four reinsurance companies, Saman Reinsurance, Pars Reinsurance, Tehran Reinsurance and Raya Reinsurance; and two general insurance firms, Pardis insurance and Farda Insurance, Mehdi Namanal Hosseini, head of the CII department for insurance firms, said.
Saman Reinsurance Company is about to start operation, he said during a public interview on Instagram.