Global insurers plot cautious course to post-sanctions Iran
They explore ways to tap US$7.4b premiums market, while waiting for March when some firms seek new cover
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Sydney
GLOBAL insurance firms are circling Iran for business opportunities following the lifting of sanctions - and the first test of their appetite could come in March when some Iranian companies seek new cover.
Insurers, the reinsurers that share their risk and the brokers that forge deals are exploring ways to tap a market worth US$7.4 billion in premiums after a nuclear accord between world powers and Teheran led to the removal of restrictions on financial dealings with Iran this month.
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