Insurance Startups Insist on Competitive Settings 

Insurance startups say implementing measures that promote competitiveness by the regulator is the key for the growth of the sector. 
Officials from the Central Insurance company of Iran, CEOs of insurance startups and representative of some insurance companies reviewed the impact of CII’s controversial gateway on the business of startups, Risknews reported.
The CII has ordered all startups to work only with Amitis, without contacting insurance companies or brokers. Startups have protested saying that this is in breach of acceptable competition norms
Iran Fintech Association has accused the CII of trying to create a market monopoly with all transactions made by online insurance firms and setting up a quasi-private company, Amitis.