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
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.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Xi tells Blinken US, China should be 'partners, not rivals'
Indonesia’s push for regional economic integration to continue under Prabowo: Vivian Balakrishnan
Outgoing Singapore, Indonesia leaders to hold their final retreat in Bogor on Apr 29
Beijing city to subsidise domestic AI chips, targets self-reliance by 2027
China passes tariff law as tensions with trading partners simmer
Blinken meets Chinese counterpart Wang Yi in Beijing