Iranian InsurTechs and Incumbents Face-to-Face in The Insurance Day
As always the Conference on Insurance and Development is held in December 4th coincided with the National Insurance Day in Iran. This year, however, this huge Iranian insurance community event seems to differ from the previous years. The Iranian InsurTechs are here to present their latest offerings to the participants attending the conference.
According to PRIAO at IRC, many prominent and political officials, PM’s, academicians, and more than 2 thousand insurance activists will be attending the 25th NICOID and will embrace the InsurTechs not as unwelcomed guests but as members of their community in the one-day event.
The ideal seven percent insurance penetration rate expected for the insurance industry and mandated in Iran’s developmental plan has not been reached yet and it is anticipated that with a properly managed tie between the insurance network and the information technology, this purpose is achieved. However, new and modern tools will help hasten the process for new innovations to flourish.
The notorious disruptive face of the information technology is what 25th NICOID is after to remove. The opportunity for the Iranian InsurTech startups to erect their booth beside the event is to make both incumbents and startups face each other in a supportive environment.
It must be noted that registration date for startups is extended for another week.
25th annual Conference of Insurance and Development (25th NICOID) with the major theme of exploring "Insurance Industry, Innovation, and Information Technology" with the assistance and sponsorship of Central Insurance of I.R. Iran (Insurance Regulatory and Supervisory Authority) is going to be held on December 4th, 2018 at Milad Tower, Tehran, Iran.