The government has approved new rules requiring the Central Insurance company of Iran (CII) to create policy mechanisms for effectively supporting insurance startups.
“The regulatory body of the insurance industry is obliged to prepare infrastructure to smartify supervision and payments, improve creditworthiness and risk management systems, create instruments in accord with knowledge-based insurance products and a central gateway for services sold by startups,” Risknews reported.
Developing rules for establishment of innovative insurance companies, is also the new function of the CII to bu undertaken in collaboration with the Vice Presidency for Science and Technology within three months.
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