National Reinsurance Company Planned: CII

Last year the CII said it had reduced the share of mandatory reinsurance both in life and non-life segments for the current fiscal year to help empower reinsurance firms.

National Reinsurance Company Planned: CI.

The Central Insurance company of Iran (CII), the regulatory body of the insurance industry, says it plans to launch a national reinsurance company.

“Issuing license for specialized reinsurance companies and setting up a national reinsurance company are among the CII’s agenda,” Majid Behzadpour, the CII chief, was quoted as saying by the company’s website.