Under Pressure, CII Agrees to Rewrite Online Gateway Rules

The Central Insurance company of Iran (CII), the regulatory body of the industry, has agreed to revise the operative mechanism of a controversial gateway to make it compatible with startup business models. 
According to Way2pay website, senior CII officials met representatives of online insurance brokers and startups as well as officials from the Vice Presidential Office for Science and Technology last week. The meeting reportedly was  successful in addressing the concerns of both sides. 
The website said the CII has recognized the fundamental differences in the business models of online and traditional brokers and agents and promised startups to rewrite regulations related to the gateway in a way that it supports new businesses.