Pars ArGe Competitors

Fartak Andysh Parsian Insurance Services Co. has been established with permission of Tehran Department for Registration of Companies and Non-commercial Institutes under Registration Number 513355 on Aug06, 2017 with half paid up capital of IRR. 5 billion and the company could obtain its business license in all insurance fields under No. 412310 on Jan30, 2018 from Parsian Insurance Co with getting confirmation from Central Insurance of Iran. The company started its activity as a private company since then has been providing all insurance field on behalf of Parsian Insurance Co. with respect to the Parsian Insurance’s policies based on Central Insurance Iran’s regulations. Scope of Activity • Sell various types of insurance policies to businesses and individuals on behalf of Parsian insurance company, including automobile, fire, life, property, medical and dental insurance or specialized policies such as marine, liability, and medical malpractice. • Interview prospective clients to obtain data about their financial resources and needs, the physical condition of the person or property to be insured, and to discuss any existing coverage. • Ensure that policy requirements are fulfilled, including any necessary medical examinations and the completion of appropriate forms. • Calculate premiums and establish payment method. • Inspect property, examining its general condition, type of construction, age, and other characteristics, to decide if it is a good insurance risk. • Develop marketing strategies to compete with other individuals or companies who sell insurance. • Confer with clients to obtain and provide information when claims are made on a policy. • Monitor insurance claims to ensure they are settled equitably for both the client and the insurer. • Install bookkeeping systems and resolve system problems.

Bank Melli Iran (BMI; Persian: بانک ملی ایران, lit.'National Bank of Iran', Bânk-e Melli-ye Irân) is the first national and commercial retail bank of Iran. It is considered as the largest Iranian company in terms of annual income with a revenue of 364 657 billion Rials in 2016.[3] It is the largest bank in the Islamic world and in the Middle East.[3] By the end of 2016, BMI had a net asset of $76.6 billion and a vast network of 3.328 banking branches; so it is known as the largest Iranian bank based on the amount of assets. The brand of BMI was recognized as one of the 100 top Iranian brands in 10th National Iranian Heroes Championship in 2013.[4] The National Bank has 3328 active branches inside, 14 active branches and 4 sub-stations abroad and it has 180 booths.[5] The first managing director of BMI was Kurt Lindenblatt [de] from Germany. Also, the first foreign branch of BMI was opened in Hamburg, Germany in 1948.

Alborz Insurance Company was established on July 19, 1959, by the private sector with the primary goal of providing high-quality insurance services to the public, diversifying the insurance market, and achieving customer satisfaction. Within a short period, the company successfully gained the trust of numerous investors and asset owners. Following the Islamic Revolution, Alborz Insurance continued its operations under the same name, maintaining its strong performance. Today, Alborz Insurance operates 57 branches and over 2,800 active representatives across the country, ready to offer comprehensive insurance services to its clients. As the private insurance company with the highest risk retention capacity, Alborz has achieved significant successes in the national insurance industry and among governmental bodies in recent years. The company's enduring success can be attributed to its substantial capital, reserves, and sufficient savings, along with its specialized and professional expert team. Alborz Insurance is recognized for its rapid claims assessment and settlement processes, which are key indicators of its financial strength. The company also benefits from a loyal and long-standing customer base, extensive global insurance market connections, scientific and accountable management, and strong financial ratios. In 2009, Alborz Insurance became the first state-owned insurance company to be listed on the stock exchange, with an overwhelming response from investors and market participants. Following this, 80% of its shares were sold, transitioning the company from a state-owned entity to a privately-owned insurance company.