Promotion of academic, educational, research, and consultancy activities in the realm of insurance field, forming an assembly between the university and the industry, and the exploitation of the educational and research capabilities of the university in the insurance industry, are some of the purposes of signing the MOU, according to PRIAO, IRC.

Some of the other mutual commitments mentioned in the MOU are developing, prioritizing, and conducting joint research reports by exchanging required facilities and statistical data by both parties, engaging the designated professors, experts, professionals, and researchers in order to participate in scientific seminars, professional forums, and etc., opening up the possibility of directing joint master’s and doctoral dissertations, developing and conducting professional examinations and general, professional, and specialist training courses for the insurance industry.