Introduce Bimeh Iran

Brief History

November 06, 1935 is regarded as a memorable date in Iran's insurance industry. Actually, it marks the establishment of Bimeh Iran (Iran Insurance Co.), as the first-ever national Iranian insurance enterprise and, thus, the founding of this country's national insurance industry.

For more information click here..


Fields Of Activities

Bimeh Iran operates in all branches of Life and Non-life businesses. The company holds over 50% of the national market share by offering commercial and personal coverage, including the Auto, Fire, Marine Engineering and Liability lines.
Moreover, Bimeh Iran has underwritten the due risks involved in the majority of Iran’s infrastructural projects, such as those in oil, natural gas, petrochemical and aviation industries, dams and power plants. The company would naturally secure the required reinsurance coverage from the international markets for part of the risks it initially underwrites, at its own discretion.

Human Resources

Bimeh Iran enjoys the full-time services of over 4,000 specialists (staff force). Furthermore, in parallel with the needs of the expanding local market the company has been maintaining a portion of its required workforce through the continual recruitment of qualified personnel from the country’s growing young, insurance and economy literate population.

Sales Networks

Bimeh Iran by having over 200 Branches, 4,498 real and legal agencies, covering all the country, as well as overseas branches, agencies and subsidiaries, enjoys the largest sales network within the Iranian insurance industry.

Capital

The Company’s capital was IRRials 20 million at the time of its commencement, now it is over IR.Rials 2,000 billion. It entirely belongs to the government of the Islamic Republic of Iran. This company by virtue of the investments made in over 115 companies inside and 29 companies outside the Stock Exchange market, as well as offering reasonable premium rates, has managed to secure a firm and reliable status among the top-ten Iranian commercial enterprises in the past several years.

Investments

In line with the Investments Regulations adopted by the State High Council of Insurance, Bimeh Iran’s (Iran Insurance Co.) technical provisions, capital and reserves are invested in various forms and mean such as bank deposits, partnership bonds, stocks and shares.
The renowned Abbasi Hotel located in the ancient city of Isfahan and the Company’s London subsidiary Bimeh Iran-UK Insurance Co. are among the prominent investment ventures of this company.

Abbasi Hotel

Bimeh Iran's Hotel Abbasi, First Hotel in the worldThis internationally reputable compound, possessing all the qualifications of a modern hotel with features of a museum embodying artistic concepts and interesting historical pieces, reminiscent of Iran’s glorious past, was constructed on the ancient sites of one of the most charming caravanserai, dating back to the Safavid era (1501-1736), in the year 1960. This fabulous hotel-museum is entirely the sole property of Bimeh Iran (Iran Insurance Co.).

Bimeh Iran Insurance Co. (U.K.) Ltd.

This Company with a capital of £ 48,600,000.00, of which 99% belongs to Iran Insurance Co., has been active in the European insurance markets since 1975.
Bimen Iran has around 11 overseas branches and agencies, especially in the United Arab Emirates, Bahrain, Sultanate of Oman, etc. For the past 40 years, Bimeh Iran has been providing overseas services to satisfy customers around the world since establishing the Company’s U.A.E. A branch in Dubai, which now also acts as the administration and supervision office for all the branches or agencies located in the United Arab Emirates, Sultanate of Oman and Dammam.
Iran Insurance Co. has developed strong connections and is renowned for providing “on-the-spot” services as there is an office of the Company in all the major cities of the Middle East region.
The Company has spread its activities all over U.A.E., Saudi Arabia, Sultanate of Oman, Bahrain, and U.K. The Company’s foreign branches and agencies are operating in various lines of insurance, such as Fire and Allied Perils, Marine Cargo and Marine Hull, General Accidents, Engineering and Liability, Contractor’s All Risk, Public Liability, Auto Body and Auto Third Party, Burglary, Money and Insurance of Miscellaneous Hazards and Loss of Profit.

Reinsurance Practices

Like all other direct insurance companies, Bimeh Iran (Iran Insurance Co.) has also some reinsurance practices

For more information click here...