TEHRAN,
Jan. 20 (MNA) – Head of Central Insurance of Iran (CII) Gholamreza
Soleymani said that foreign companies have expressed their readiness to
do reinsurance operations in Iran’s insurance industry.
He made the
above remark at 5th Insurance and Risk Management Conference this
morning Jan. 20 and said, “relationship of insurance companies with the
risk management is of the important activities of insurance industry,
because, insurance firms came to being in order to manage risk optimally
and burden the heavy responsibility in this regard.”
Optimal risk management is the salient specification of successful
insurance companies, so that success of insurance companies is tied to
the management of various risks, he said, adding, “risk management is a
systematic process that should be based on accurate recognition and
evaluation.”
As far as corporate governance is concerned, “we have officially
announced that all insurance companies should accept the concept of
‘risk management’, so that financial empowerment of insurance companies
should be notified to the insured confidently.”
Then, he pointed to the US sanctions on Iran and said, “we expect to
use foreign reinsurance companies for risk aversion. Of course, foreign
insurance companies, that do not cooperate with US, have expressed their
readiness to forge relationship with domestic insurance firms, but it
should be kept in mind that risk aversion of domestic insurance
companies is high due to inflation and sanctions imposed by US against
the country.”
https://en.mehrnews.com/news/141710/Foreign-firms-voice-readiness-for-reinsurance-in-Iran-s-insurance