Top Insurer Wants to Improve Transparency

Iran Insurance Company, the largest and only firm owned by the government, has eight major projects in the pipeline to raise transparency of its operations cut losses. 
"We have developed special projects to address IIC's  challenges, including a comprehensive underwriting system, alert system, an advanced fraud detection platform and a unique insurance services gateway," Majid Bakhtiari, the company's CEO, was quoted as saying by Shada, the Economy Ministry’s news agency. 
According to Bakhtiari, the projects should help improve the transparency in the IIC's financial activities, mainly by digitizing procedures and reducing the company's reliance on bank deposits.