Mon 1 May 2017

Terms and Conditions for Life Insurance Developed

With the intention of facilitation of issuance process, loss assessment and payment, and proper address of customer’s complaints, IRC has reformulated general terms and condition and standard contract forms for the life insurance in Iran. According to a report by PRIAO, IRC, with the aim of the implementation of Bylaw 71 enacted by High Insurance Council and for the standardization of life contract terms and conditions and with a customer-oriented approach, an attempt has been made to prepare (Countinue ....)

Bylaw 68 of Life Insurance Under Scrutiny

Based on a study recommended by Bimeh Markazi I.R. Iran (Insurance Supervisory and Regulatory Authority) and in form of a research project, IRC has accomplished revising some bylaws related to life insurance. The research project entitled “Preparation of a Draft for Substituting Bylaw 68 Subject to Life Insurance” includes sections related to revising other relevant bylaws, global experience in allocating technical insurance rate and pensions. The study was accomplished by Life Insurance Rese (Countinue ....)

Strategies Proposed by the Insurance Industry Regarding Plasco Fire Event

On March 15, 2017, a forum was hosted by IRC on the cataclysmic event of Plasco building collapse, with the intent of analyzing the learned lessons in terms of prevention, crisis management, insurance and risk management, and the role of the insurance industry in relieving the wounds of the society after such events. In this this forum, the Head of IRC among the members of the Technical Committee of Bimeh Marakzi (Insurance Supervisory and Regulatory Authority), managers of the fire sector of the (Countinue ....)

Bilingual Nationwide Magazine Published

Insurance Horizon, Vol. 21, a monthly analytic news and information magazine has been published by IRC and distributed across the insurance industry. The Persian and English sections of this edition of Insurance Horizon deal with various issues featuring the Palsco colossal fire, fire insurance, and a historical account of such events and also a guideline on earthquake in Persian side and renter’s insurance, World Bank microinsurance project, and global insurance market index in the English side o (Countinue ....)

Publication Update: “The Essence and Application of Reinsurance”

Insurance Research Center Publication has released a new book authored by Ardashir Ahadi on ‘reinsurance’. According to a report by PRIAO, the book is founded on the academic expertise and practical experiences of the author in various lines of reinsurance business. “The Essence and Application of Reinsurance” attempts to provide practical solutions and introduces various sources especially in non-life sector to the reader. The small volume yet rich content book is structured in three c (Countinue ....)

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