Chairman of Iran Central Insurance Mohammad Ebrahim Amin says the reinsurance market in the country has attracted the attention of foreign insurers adding that many applications have been received for the opening of their representative offices, IRNA reported.
Pointing to the official activity of Nasco broker representative office in Iran, he told members of the board of directors of the company that neglected capacities in the Iranian insurance market are many.
He expressed hope that the Iranian insurance market will be turned into a safe place for foreign investors.
Also speaking, Managing Director of Nasco broker representative office Gabriel Bejjani said his company is ready to enter into talks with Iran as the first contracting insurer in case the sanctions are lifted.
He said in terms of historical understanding, conditions of Nasco of France are very much similar to those of the Iranian insurance industry one of which is transiting from the stage of small economic institutions to the formation of large businesses and holdings.
He said the objective behind presence in Iran is to increase the level of interactions and hold constant relations in order to make a sound assessment of the Iranian reinsurance market.
Expressing satisfaction over the opening of the representative office, Bejjani said the Iranian insurance industry enjoys appropriate capacities and good experts in reinsurance field and expressed hope that with the lifting of the sanctions their activities will further expand.
He appreciated support of the chairman of Iran Central Insurance in the opening of Nasco representative office in Iran and said it is a turning point for utilization of potential reinsurance capacities in Iran.
In conclusion Amin referred to the presence of Nasco Company as a ground for the expansion of international activities of the Iranian insurance industry. He expressed hope that with the lifting of the sanctions and presence of foreign reinsurers the Iranian insurance industry can gain access to its real position in international markets.