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Consolidation, risk-based supervision would boost resilience: Report

Posted On: Jun. 25, 2018 6:04 AM CST

A 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.

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