Online Insurers Warned Against Underselling

The Central Insurance company of Iran has warned four major online insurance selling platforms to stop offering illegal discounts. 
The CII notified Azki, Bimeh Bazar, iToll and Bimeh.com  to remove unauthorized discount offers from their websites within three days or face legal consequences, the CII website reported. 
Insurers can offer up to 2.5% discount but policies are being offered at considerably lower rates via some applications and websites. Underselling third-party auto policies, which in Iran pays for damage or injury to third parties, recently disrupted the insurance industry prompting objections by firms unable or unwilling to keep up with the unfair competition.