Iran’s central insurance body, known as Bimeh Markazi, says global reinsurance companies continue to share risks that could befall major Iranian businesses and industries despite sanctions imposed by the United States.
Germany’s Hermes Insurance Company has voiced willingness to provide insurance coverage for investment projects in Iran.
Iran has signed initial agreements with Germany’s Hermes insurance firm and Swiss Export Risk Insurance (SERV) to provide cover for transactions with Europe.
International insurance companies say they expect to see a major opening in the Iranian market in 2017 with several key players saying they have already won deals to cover businesses in the country.