Investing in the insurance industry should be such that the profits it generates attract insurers, said Soleimani, head of the Central Insurance of Iran.
(SHADA: TEHRAN) -- During a visit to Sina Insurance Company, Gholamreza Soleimani said that if the insurance industry innovates in the investment sector and focuses on increasing profits, increasing the insurance penetration rate will not be out of reach.
The head of the Central Insurance of Iran emphasized the importance of using technology and digital knowledge in all insurance activities, stating: The close interaction between IT units and the technical field could provide the basis for the generalization of insurance products.
Technology exclusivity does not benefit the insurance industry, and we must move towards opening the door of this industry to all integrated electronic service providers, he added.
Soleimani further said that the development of life insurance with digital modeling and transparency in providing insurance policy information to insurers will grow significantly.
He considered the timely and accurate payment of the insurance companies as the highest indicator of people's satisfaction and added: The asset of the insurance industry is the people's trust and we must meet this great asset by fulfilling our obligations to the insurers.
In another part of his speech, Soleimani referred to the insurance industry as an industry on the road to development, saying: Collecting people's cash is the best way to increas