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Licensed by the Supreme Insurance Council;

Online startup insurance licenses were available for startup companies

Online startup insurance licenses were available for startup companies

The ability to provide online insurance services to applicants for this important and comprehensive service was one of the major demands of startups active in the field, which was approved by the Supreme Insurance Council for the first time in the country.

According to the public relations and information center of the Vice-Presidency for science and technology affairs, the insurance structure in the country and the network of private sector brokers have been operating in the field today based on common practices and traditions. A major part of the body of this industry is formed by the youth, who have used more updated methods to extend the insurance umbrella in the country. Online insurance services are one of the most up-to-date platforms provided by the Supreme Insurance Council. In the new enactment signed by Gholamreza Soleimani, the head of the Supreme Insurance Council, it is claimed that the Supreme Insurance Council corrected the brokers’ official regulation and approved it as the regulations No. 92.2 based on Article 17 and in the implementation of Article 68 of the establishment of central insurance and insurance law of Iran.

Paragraph 1 of this amendment defines online brokerage license: an official online insurance broker license is a license granted to the legal insurance broker and other eligible legal entities as set forth in this Code to perform the following activities in any of the subject areas covered by the Central Insurance Act.

According to the new regulations, the services provided by online insurance companies include: providing comparative and online insurance services on the rates and conditions of service to the insurance applicants, marketing and enabling online sales in insurance fields for insurance institutions, official agents, and enabling online premium payment by connecting to the insurance institution"s financial system of services provided by online insurance companies in accordance with the new regulations.

In one of the most important articles pointed out in the regulations, it is stated that the CEO or one of the members of the board of directors, legal applicants of the official brokers’ license and online insurance must meet the criteria mentioned in paragraphs 7, 1, 9, and 10 of the Article 3 of the regulation and have a minimum of three years of related work in the insurance field.






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