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Iran launches web-based system to issue insurance policies

Business Materials 25 September 2017 14:53 (UTC +04:00)

Baku, Azerbaijan, Sept. 25

By Khalid Kazimov – Trend:

Iranian officials have launched a new web-based information system for issuing insurance policies.

Amin Mashaiekhi, the system’s developer, has said the system collects information about third-party insurances and vehicle insurances from various firms, Mehr news agency reported.

The data collected by the system will be submitted to customers in order to provide them with a chance to compare the policies offered by different insurers, he added.

The system also enables the purchase of policies online, he said.

Iran’s insurance penetration rate hit 2.2 percent at the end of last fiscal year (March 20, 2017).

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