219 foreign delegations negotiate insurance co-op with post-sanction Iran

March 25, 2017

TEHRAN- After the implementation of JCPOA (joint comprehensive plan of action which lifted sanctions against Iran in January 2016) until the end of last autumn, some 219 foreign delegations have visited the country to negotiate cooperation in different areas including insurance, ISNA reported.

For example, Tokyo Marine, the largest property/casualty insurance group in Japan, Sompo Holdings Inc., and Mitsui Sumitomo Insurance Group, which hold 90 percent of Japanese insurance market, have announced their readiness to offer up to $200 million insurance coverage in Iran and also set up joint insurance company in the Islamic Republic.

Also, Munich Re Group, a reinsurance company based in Munich, Germany, which is one of the world’s leading reinsurers, and SCOR, the French reinsurance company providing Property and Casualty (P&C) and Life reinsurance solutions, are among the world’s top insurers that have voiced their preparedness for investment making and technology transfer to the Iranian insurance sector in post-sanction time.

MA

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