Iran, Armenia to Expand Insurance Cooperation

The Central Insurance of Iran and Central Bank of Armenia on Thursday signed an agreement to expand cooperation in insurance and reinsurance services.

Financial Tribune- The Central Insurance of Iran and Central Bank of Armenia on Thursday signed an agreement to expand cooperation in insurance and reinsurance services.

The agreement was signed by Arthur Javadyan, Central Bank of Armenia’s chairman, and Abdolnasser Hemmati, CII’s president at the CBA headquarters in Yerevan in the presence of major Iranian insurance and reinsurance companies, CII’s Public Relations Office reported.

The agreement aims to create a legal basis for expanding insurance cooperation. CII and CBA have agreed to provide insurance coverage to both Armenian and Iranian citizens, according to the CBA website.

Expanding reinsurance ties, paving the way for establishing representative offices, holding mutual training programs and following up visits were among other issues enshrined in the agreement.

The chief executives of Iran Insurance Company, Parsian Insurance and Iranian Re accompanied Hemmati during the visit.

Iran and Armenia had signed similar documents back in 2009.

Feb 11, 2017
Financial Tribune |