The Vice President For Science and Technology:

Knowledge-Based Companies Provide Services with Reasonable Cost

Sunday, November 11, 2018 - 10:35

The vice presidency for science and technology and the Central Insurance of Iran have signed a cooperation Memorandum of Understanding (MoU) to develop to support startups and knowledge-based companies.

In his interview with ISCA News Agency, Sorena Sattari stated that almost 3 thousand and 6 hundred knowledge enterprises have been working actively which their performance is evaluated every other two years.

According to the agreement, the Central Insurance of Iran supports the innovation ecosystem via different services and insurance coverage. It also supports startups, which have innovative ideas in the field of insurance, including smart business, electronic services and data analysis, “Knowledge-based companies can provide accessible services at a reasonable cost to consumers,”Sattari said.

Certain prerequisites are required to be met for developing a knowledge-based economy, Sattari stressed, calling on the domestic insurance industry to step forward and become a pioneer in accompanying and supporting those involved in the country’s knowledge-based sector.

He added the signing MoU between the Central Insurance of IR Iran and the Vice-Presidency for Science and Technology will definitely prepare the ground for the development and improvement of the domestic insurance sector through the assistance of the country’s NTBFs.

The Iranian vice president noted that among the problems the country’s knowledge-based sector is currently faced with are failing to have any physical possession or tangible property and, thus, give banks the guarantees they require, adding it is absolutely essential to expand insurance services to support those involved in this sector of the country.

He said the signing of the MoU will help new startups enter the insurance industry and make it possible to provide new insurance services.

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