(PressTV, Tehran, 21 October 2016) International insurance companies say they expect to see a major opening in the Iranian market in 2017 with several key players saying they have already won deals to cover businesses in the country. Industry experts told Reuters that industry executives say aviation and energy are two main sectors in focus in Iran’s multi-billion insurance market. They emphasized that top tier European export credit agencies had specifically become active in guaranteeing trade finance for Western companies doing business with Iran. Reuters further added that Germany’s Hermes, Italy’s SACE, and France’s Coface have all recently signed agreements to guarantee a certain trade activity with the Islamic Republic.
