Iran News ...


Foreign insurance companies resume business in Iran

Source: Islamic Republic News Agency

The new round of activities by foreign insurance companies in Iran has started with Nasco Insurance Group of France opening its office in Tehran. The French insurance company this week hosted a number of activists from the private sector and those engaged in insurance industry.

Addressing the meeting, Gabriel Bejjani, Managing Director of Nasco brokerage, voiced optimism about presence of Iranian insurance activists in the business. He said Iranian insurance industry has successfully passed the transition period and entering competition and it will soon find its real status in the country's capital market.

He said interactions between Iranian insurance companies and well-credited international companies will prepare the ground for entry of Iran in the big global markets.

Receipt of license from central insurance to open a liaison office in Iran was the first confidence-building step taken by Iran, urging other companies to follow suit.

... Payvand News - 11/12/14 ... --

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