Digital Insurance Co to Start Operation

The Central Insurance company of Iran (CII) on Saturday granted an operating license to one more general insurance company, Farda Smart Insurance Company, to offer digital service.
In a note published on Risknews website, the CII said that it expects Farda to focus on the development of smart products with the help of advanced technologies, such as artificial intelligence, and offer innovative solutions 
"The company is expected to expand insurance cover in the deprived areas, create online and smart supervisory mechanisms, prevent fraud and human error, earn policyholders’ satisfaction and help the insurance industry embrace innovation," the note said.