7586
Regulator Raps Insurers
Economy, Business And Markets

Regulator Raps Insurers

Bimeh Markazi (Central Insurance of Iran) has released a report criticizing some Iranian insurers for not filing data about their risky assets.  On Thursday, regulator Bimeh Markazi published the performance of insurers regarding their reporting of their financial data.The report shows five insurers have not filed their data with Bimeh Markazi. Insurer Bimeh Iran which is the largest insurer in the Middle East is among these companies.It is incumbent on insurers to send their financial data to the regulator who assesses the risk in each insurer’s portfolio. Those with too much risk on their portfolio have to offload some of their riskier assets. The data is sent via an electronic platform called “Sanhab” to the Central Insurance. The system was launched in the first half of 2014. Previously the data was sent physically by insurers.The Central Insurance of Iran was established in 1971 as the sole regulator of insurance companies.

Short URL : http://goo.gl/0qXwfm

You can also read ...

Iraq to Respect Dollar Ban But Not All US Sanctions on Iran
Iraqi Prime Minister Haider al-Abadi stepped back from his...
Indian Tea Exporters Seeking Special Exchange Rate From Iran
The Indian tea industry has sought a special exchange rate...
US Sanctions on Iran Affect Trade With UAE
The latest US sanctions against Iran are forcing many Iranian...
Gold Coin Gains
The benchmark Bahar Azadi gold coin gained on Tuesday, as both...
Failure to Safeguard Iran Deal Will Show EU Still a Paper Tiger
Just a few weeks ago, it seemed that the Iran nuclear deal...
New Government Policies Reduce Forex Demand
The implementation of new foreign exchange policies by the...
Nvidia Rolls Out New Chip Technology for Filmmakers
Nvidia Corp on Monday released a new generation of chips aimed...
Google Tracks Your Movements, Like It or Not
Google wants to know where you go so badly that it records...

Trending

Googleplus