Trilateral Agreement to Help Increase Investments in Insurance Technology

The Central Insurance of Iran, the regulatory body of the sector, has signed an agreement with the Iran National Innovation Fund and the Iran Biotech Development Council to launch a fund for boosting investments in insurance startups.

Majid Behzadpour, the CII chief, said the agreement is a major step toward attracting investments into knowledge-based services in the insurance sector.

“We had signed a deal with the Vice Presidency for Science and Technology in June … The agreement signed today is the first move to put the plans into practice,” CII’s website quoted him as saying on the sidelines of the signing ceremony.

“Today’s agreement is aimed at supporting investments in insurance products that cover biotech and healthcare solutions,” he added.