Consolidation, risk-based supervision would boost resilience: Report
Posted On: Jun. 25, 2018 6:04 AM CSTA report by Cyprus-based Capital Intelligence Ratings Ltd. said that Iran's insurance industry needs to consolidate and move toward a risk-based supervisory system to increase resilience, Asia Insurance Review reported citing Financial Tribune. The report said that local insurers' solvency requirements do not adequately address inherent risks while several insurers only just meet the minimum regulatory capital requirement.