Iran Insurers Syndicate was founded in 1937. Consequently in 1963, its statute was prepared with the purpose of supporting and protecting the righteous demands of the Iranian insurance companies and establishing cooperation, coordination, development, and generalization of insurance in Iran. Later on, it was approved by the Ministry of Economy and Finance in 1963.
On 07/04/2019, the High Insurance Council of Iran approved the latest amendments of the statute of the Syndicate inclusive of 38 sections and 13 subsections. According to this statute, the Iranian Insurers Syndicate is a professional and a non-profit trade union.