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  • Iran - Afghanistan Insurance Cooperation Joint Plan Document Signed

    The joint plan document was signed between the Islamic Republic of Iran and the Republic of Afghanistan in connection with reinforcing cooperation in different fields of insurance and exchanging expertise in both countries.

    The joint plan document was signed between the Islamic Republic of Iran and the Republic of Afghanistan in connection with reinforcing cooperation in different fields of insurance and exchanging expertise pinpointing technical transactions at international scale, in the framework of laws and regulations of both countries. Dr. Gholamreza Soleymani, the President of Bimeh Markazi Iran/Central Insurance of IR Iran, and the Head of Insurance Affairs affiliated with Afghan Ministry of Finance signed the document and underlined the significance of improving international technical cooperation of both parties.

     

    Considering rich cultural heritage of Iran and Afghanistan, President Soleymani declared the imminent ground formation for establishing insurance and reinsurance companies through joint investment by both countries. Having explained potentials of national insurance industry and its latest achievements, Dr. Soleymani elucidated that promoting insurance industry in Iran and Afghanistan is of top priority in economy. Thus, cooperation and collaboration as well as exchanging expertise in diverse areas including actuary, methods of resources and reserves investment, along with approaches to supervision shall pave the way to develop growth map.

     

    Expressing his readiness to sign an inclusive MoU on cooperation in several lines of insurance, life insurance in particular, he deemed promoting the concept and increasing penetration rate for life insurance as the major mission of Bimeh Markazi, playing the role of supervising and regulating body. Thanks are due to local and global expertise to achieve such an aim.

     

    Having elevated the Establishment Act of Bimeh Markazi Iran/Central Insurance of IR Iran, Dr. Soleymani described the structure of this supervisory body in Iran. Currently, 20 million vehicles are under TPL insurance coverage across country and 15 million individuals benefit from complementary insurance coverage; as for life insurance, the figure amounts to 18 million individuals.

     

    It is noteworthy that technical cooperation expansion, IT, and technical knowledge improvement of administrative and insurance experts through seminars, conferences, and workshops are all emphasize and included in this document.

     

    Mr. Musa Kamawi, the General Director of Insurance Department affiliated with Afghanistan Ministry of Finance expressed his gratitude regarding Bimeh Markazi readiness for cooperation, saying that Iran and Afghanistan share historical and cultural grounds upon which transactions in insurance industry can be pursued in agreeable ambiance. Illustrating accomplishments and performance of Afghan insurance industry, Mr. Kamawi stated that supporting joint projects among Afghan and Iranian insurance companies, facilitating the procedure of permit issuance to establish insurance, reinsurance, agencies, contact offices, within the laws and regulations of both countries shall commence a new season of cooperation and growth in Iranian and Afghan insurance industry.




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