Insurance Regulator Denies Monopoly Charge by Fintechs 

The Central Insurance company of Iran, the industry’s regulator, has denied claims that it plans to create a monopoly in the online insurance market.
Last week the CII posted a statement on its website elaborating the planned role of Amitis Company in the online insurance market, saying "the company is not meant to be used for monopolizing the market but it would be a hub and gateway for linking applications to insurance company web services." 
The statement was in response to a letter from the Iran Fintech Association in which the CII was accused of planning to set up a monopolized market with all the transactions made by online insurance firms and setting up a quasi-private company.