Iran offers insurance market data to foreign investors

Business Materials 5 December 2016 18:13 (UTC +04:00)

Tehran, Iran, December 5

By Mehdi Sepahvand – Trend:

The Iranian Insurance Research Center (IRC) is offering data on local and regional markets free of charge to foreign insurance companies which are interested in investments, IRC Director Amir Safari told Trend December 3.

“We have conducted some valuable studies on our free zones and companies that are situated there. There is also some very thorough study on the Iraqi market. The results are now available on our website,” he said.

According to Safari, foreign insurance companies such as Munich Re, ERGO Group, Nasco Insurance Group, Azre, and Toyota Tsusho are in Iran to seek investment grounds.

Since 2015 when the prospects of the removal of international sanctions on Iran were on the horizon, international insurance companies have been holding negotiations with Iran for cooperation.

The German-based Hermes was one of the more well-known foreign companies that signed agreements with Iran in 2016.