Developing new paths to expand the ecosystem for new and knowledge-based companies is one of the goals followed by the technology development headquarters of the country. Plans to launch startups in the insurance, financial and banking sectors have been welcomed in recent years.

The foundation is laid to create jobs and realize innovative ideas by expanding entrepreneurial discourse based on innovation in Iran and increasing the number of newly developed companies. Banking and finance are among the sectors that have become increasingly popular in recent years with Iranian tech startups. Despite the considerable number of challenges in the field, they create an opportunity for dynamic activists of the field.

Behavior Measurement

Using customer data to conduct validation of each person to provide proper insurance package services and move to personalization is one of the headlines for provision of new ideas and startups in the field.  

Equal Public Services

Large insurance companies have grown and often provide the same services. Diversifying services and clarifying the processes of providing these services can include opportunities for emerging companies active in the field. startups can help large companies and focus on solving one of the problems in the insurance industry by using the new technological capacities in line with increasing flexibility and decreasing bureaucracy.

Change in Business Model

Innovations in traditional business models in the industry (e.g., joint insurance or group risk sharing) are areas that could be of interest to technology and knowledge-based companies. Some international insurers offer a variety of personalized packages based on the needs of each client rather than providing fixed insurance services. Emerging insurers also try to provide a specific insurance package for each customer requested (e.g., insurance of a particular collection). Use of the experiences of other countries by the Vice-Presidency can be inspiring in the formation of the ecosystem’s future.

A report by the public relations and information center of the Vice-Presidency for science and technology affairs