The Future Is With Insurtech

The head of the Central Insurance company of Iran (CII) reiterated the need for promoting insurtech services saying that fostering innovation is paramount for moving the industry forward. 
"Insurtech can and will transform the key [insurance] sector…Policyholders will benefit from advanced insurtech companies. Innovators obviously need indepth knowledge of the insurance market to be able to offer solutions that serves all the players," Majid Behzadpour told the annual Insurance and Development Conference in Tehran.
The regulatory body seeks to institutionalize innovation in insurance companies and ensure that insurers are indeed responsive to technological progress.