Dana Insurance Co. Expanding Indian Ties

Dana Insurance Company, a major Iranian insurance firm, said it will expand ties with major Indian insurance firms, especially ones that continued to work with Iran during sanctions. Managing director of the firm, Reza Jafari, recently held meetings with several Indian insurers, including GIC, LIC, New India, Oriental and GBB, the company’s website reported on Monday. According to Jafari, expanding collaborations in energy, aviation and marine categories as well as reinsurance and knowledge transfer were the main focus of the talks. “Indian insurers were also keen on holding training courses for Iranian insurers,” he said. The privatized Dana Insurance is one of the big four firms in the Iranian market, holding a 7.7% share of the market. It has 1,919 agents and 59 branches across the country.