15 January 2009
The insurance industry needs a specialized bank for implementing its future schemes, particularly in the software sector, said the managing director of Iran Insurance Company.
Mohammad Javad Sahamian Moqaddam told Fars News Agency that the proposed bank will be soon set up duty-bound to implement the insurance laws.
He said the country needs investment and his company will do everything at its disposal to absorb more investments in the insurance sector.
He noted that priority will be given to the production sectors and small businesses in a proposed "double-value insurance scheme" which will be soon introduced after approval.
According to him, with the formation of the proposed insurance bank, profits earned will be invested in the efficient sectors such as production, health and treatment, and welfare.
The insurance industry needs a specialized bank for implementing its future schemes, particularly in the software sector, said the managing director of Iran Insurance Company.
Mohammad Javad Sahamian Moqaddam told Fars News Agency that the proposed bank will be soon set up duty-bound to implement the insurance laws.
He said the country needs investment and his company will do everything at its disposal to absorb more investments in the insurance sector.
He noted that priority will be given to the production sectors and small businesses in a proposed "double-value insurance scheme" which will be soon introduced after approval.
According to him, with the formation of the proposed insurance bank, profits earned will be invested in the efficient sectors such as production, health and treatment, and welfare.
© Iran Daily 2009
