Foreign insurers eyeing Iran cautiously following nuclear deal

London

WESTERN and Middle East insurance specialists see Iran as an appealing US$8 billion market in the wake of its nuclear deal with world powers, though uncertainty over when sanctions on Teheran will be lifted means they are treating the country with caution.

Eight out of 11 insurance and reinsurance specialists who responded to questions e-mailed by Reuters last week said Iran was an attractive or very attractive market, especially in the marine and energy sectors. Responses were on an anonymous basis due to the sensitivity of the issue.