Market Research Report
Governance, Risk and Compliance - The Iranian Insurance Industry
|Published by||GlobalData||Product code||914596|
|Published||Content info||46 Pages
Delivery time: 1-2 business days
|Governance, Risk and Compliance - The Iranian Insurance Industry|
|Published: October 18, 2019||Content info: 46 Pages||
The Iranian insurance industry is regulated and supervised by the Bimeh Markazi Iran (Central Insurance of Iran - CII). The CII has been regulating the Iranian insurance industry since 1971. It ensures stability and the efficient functioning of insurance services. The CII's obligations and rights are stipulated in the Establishment Law 1971. The CII is headquartered in Tehran and comprises the General Assembly, High Council of Insurance, management board, and inspectors.
The primary act which governs insurance activities in Iran is Insurance Act 1937, which was enacted in March 1937. The act was introduced to regulate insurance and insurance mediation activity in order to make Iranian insurance operations credible, efficient, safe and stable. The act comprises the definitions, licensing process, capital requirements, policy terms, and penalties for the offenders of the provisions.
The report "Governance, Risk and Compliance - The Iranian Insurance Industry" is the result of extensive research into the insurance regulatory framework in the Iran. It provides detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance. The report specifies various requirements for the establishment and operation of insurance and reinsurance companies and intermediaries.
The report brings together research, modeling and analysis expertise, giving insurers access to information on prevailing insurance regulations, and recent and upcoming changes in the regulatory framework, taxation and legal system in the country.
The report "Governance, Risk and Compliance - The Iranian Insurance Industry" provides -