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.