Central Insurance has announced that it has temporarily cut off the access of online insurance companies to the insurance inquiry service. The reason for this central insurance measure is the rejection of inquiry fee rates by online insurance companies.
Central Insurance Temporarily Cuts Off Online Startups’ Access to Inquiry Service
According to Iran digital economy annotation, according to the announcement of Central Insurance, this decision was taken with the aim of protecting the rights of policyholders and ensuring the quality of services provided by online insurance companies. Central Insurance has emphasized that this decision is temporary and after the necessary investigations and ensuring that the activities of these companies comply with the regulations, access may be restored.
Insurance startups such as Azki, Bimito, Bimeh.com are among the platforms that allow customers to easily compare and buy different insurances. Cutting off access to the insurance inquiry service can have serious effects on the activities of these companies as well as their users.
Meanwhile, some insurance industry activists and experts have expressed their concern about the negative effects of this action on the insurance market and free competition and have demanded a reconsideration of this decision. However, Central Insurance has announced that this decision was taken in order to preserve the health of the market and protect the rights of consumers.
In a letter to the first vice president, Mohammad Reza Aref, the Fintech Association has protested the fee received for insurance inquiries from insuretechs.
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