Insurance Brokers Back CII Gateway 

Iranian Insurance Brokers' Association has voiced support for the Central Insurance company of Iran's controversial decision to launch a central gateway for managing online broker operations.
In a statement the association claimed that a number of online brokers had urged the CII to stop the gateway project because it would undermine their business. 
"Some websites selling insurance deposit their premium in their bank accounts instead of paying them to insurance companies…They usually settle the premiums after one year and in installments," Risknews reported. 
"Such practice was deemed disruptive and created financial problems for insurance companies, as they mostly rely on premium income to pay indemnities," read the statement.