(SHADA: TEHRAN) -- Morteza Bank, Secretary of the Supreme Council of Free and Special Economic Zones, pointed to the history of the activities of Iran Insurance Company in the country, said: The presence of Iran Moin Insurance Company in free trade-industrial zones has provided new competitive opportunities for the presence of other insurance companies in these zones.
The most important element in this type of insurance activities is to increase effective services for stakeholders, users and insurers, he continued.
Pointing out that there are new ways to influence the market in the world now, the President's Adviser emphasized that paying attention to these methods can be an important and practical point in developing insurance markets.
Iran Insurance has very good specialized capacities and can provide more effective and complete services to insurers in the free zones of the country. An investor or producer active in the free zones expects to feel the support of insurance companies along with their economic activities in times of need and compensation, he continued.
The CEO of Iran Moin Insurance Company pointed to the measures taken by Iran Moin Insurance in the free zones of the country and said: Moin Iran Insurance is one of the insurance companies registered in the free zones of the country and the largest insurance company of the free zones of the country is located in the Kish Free Zone, the main shareholder of which is Iran Insurance.
More than 50% of the insurance market in the free zones is managed by Moin Iran Insurance. Of the four insurance companies based in the free zones, Iran Moin Insurance is the largest insurance company in the region, Dariush Mohammadi added.
Mohammadi also announced the establishment of the company's branches in 5 to 10 special economic zones in the country and expressed hope that this will be achieved by the end of this year.
In a recent meeting with the CEO of the Kish Free Zone Organization, it was decided to sign a memorandum of understanding to provide insurance services to the people of Kish and its personnel, which will be finalized soon. In this memorandum, facilities for purchasing insurance policies and Qarz al-Hasna facilities up to 5 to 10 million Tomans in vehicle, fire, and accident insurances will be provided to customers in 12 installments.
The CEO of Iran Moin Insurance Company also announced the plan of Coronavirus Insurance for this year's Kish Summer Festival and added: If the Kish Free Zone agrees, all tourists of this year's Summer Festival will be covered by this insurance policy and their medical expenses are paid up to a certain amount by Moin Iran Insurance.