With the promotion of insurance industry in Iran,
various types of insurance services were created.
However, an urgent need was felt about an institute
whereby insurance with all its complications is
studied and researched in depth.
With the aim of organizing insurance researches and
developing a fine infrastructure for the growth of
insurance industry, the first insurance research
office was established in 1997. This center was
organizationally under the management of Central
Insurance of I.R. Iran (Insurance Supervisory and
Regulatory Authority). At the end of February, 2000,
the General Assembly of Central Insurance of I.R.
Iran (Insurance Supervisory and Regulatory Authority)
authorized the foundation of the Insurance Research
Center (IRC). On May 18, 2004, the establishment of
IRC was officially conceded by the Higher Education
Development Council of The Ministry of Science and
Technology and initially three research groups were
developed in the following areas: Property and
Liability Insurance, Personal Insurance, and
Insurance Macro Studies. The first draft of the IRC
statute passed on February 6, 2004 by the Higher
Education Development Council was practically in
effect on March 11, 2004 by Central Insurance of
I.R. Iran (Insurance Supervisory and Regulatory
Authority).
In 2006, two new groups were added to IRC research
body namely the Electronic Insurance and Islamic
Studies of Insurance research groups. Since then,
IRC owns five research groups. However, due to the
growing demands for more tailored knowledge and
expertise in the insurance industry, recently one
new research group, now called 'Department', was
added to IRC's academic structure namely 'Modern
Insurance Technologies Department'.