Company Profile

 

Introduction:

Founded in November 2003 as a private insurance company
- Writing life & non-Life business
- One of the largest private insurance companies with total capital of $90,000,000
- Active in all lines of outward and inward Reinsurance market since 2005
- The 1st and the only private insurance company in Iran with foreign inward reinsurance authorization from regulatory authority (Central Insurance of Iran) since 2015 to participate in foreign business
- Consumers Rights Certificate holder from Iran’s National Consumers and Producers Protection Organization
- The 1st Electronic insurance company in Iran
- Being ranked 1st level based on our national financial solvency system
- Client service capabilities across the country includes; more than 800 Agencies, four branch offices and about 350 full time employees
- Listed on Tehran stock exchange
- With over $ 348,000,000 in Assets and $ 95,000,000 in Revenues
 

Major activities:

- Performing life and non-life insurance operations

- Providing risk management solutions for our clients

- Providing reinsurance coverage (Inward and Outward reinsurance)

 

Major Clients:

- Milad Tower Co.
- Behran Oil Refinery
- PGFK
- Bank Sepah
- The Railways of Islamic Republic of Iran
- Mapna
- Aseman Airline
- Saipa

 

Major Paid Losses:

- Arian Mahtab Gostar (Roudshour):   EUR 3,184,522
- Bouali Sina Petrochemical Co.:         EUR 4,700,000

 

Main Strategies of Mellat Insurance Company:

- Expansion, entrepreneurship, productivity and integrity of systems
- Innovation in delivering services
- Exploitation of information technology, e-commerce and introduction of e-insurance
- Strategic investment in long-term and high return industries to maximize our customers and shareholders’ interests
- Close Co-operation with domestic and international insurance and reinsurance companies
- Creating economic value added for all beneficiaries

 

Mellat Insurance Company in Tehran Stock Exchange:

- Initial public offering: July 9th 2012
- Sector: Insurance and retirement pension funds
- Free float share: 5%
 

Line of Business
Mellat Insurance Company, as one of the largest Iranian private insurance companies in the market, offers a diverse portfolio of life & non-life products and services to corporations and individual clients and plays the leading role in the private insurance sector. We have a considerable market share locally, based on the gross written premium.
Mellat Insurance offered business lines are as follow:

Direct Insurance;
-Non- Life Business

        - Engineering

        - Oil & Energy

        - Fire

        - Aviation and Marine Hull and P&I

        - Marine Cargo

        - Liability

        - Accident

        - Motor Vehicle property damage

        - Motor TPL

        - Health

 

- Life Business

        - Term life

        - Universal life

 

- Reinsurance

        - Facultative in all classes

        - Domestic Treaty
 

 

Mellat Online
Our website (www.melat.ir) is an online service available for public awareness of our risk management products. Moreover some products can be purchased or renewed on-line by our clients.
It is also a practical tool to use for personalized internal and co-relation with sales network as well as a management tool for team collaboration, communication and information. Indeed, it is a digital window which connects various offices and our team with each other for centralized resources and a doorway that promotes teamwork, improves workflow and helps our organization to retain a correct vision without losing sight of details.