Sarmad Insurance Company Public Joint Stock (Iran)

The Company is mainly engaged in all types of insurance.
The Company was established in 9 September 2013, and was registered in the commercial registeration under number 444067.
The Company was listed in Iran Fara Bourse Base Market B on 1 February 2014 .
The Vision of the Company is We aspire to become a reputable and trustworthy brand, so that every Iranian family at any time is covered by a Sarmad insurance policy.
The Mission statement of the Company is aims to provide the best insurance solutions in a dynamic, professional and knowledge-oriented environment, through identifying the explicit and implicit aspects of human life. All along this road, Sarmad Insurance considers itself responsible for the financial security of clients.
Overview of strategies of The Compnay :
• Creating a credible and lasting brand in the Iranian insurance industry
• Balanced composition of portfolio
• Retailing with a focus on life insurance
• Retaining current customers increasing our share from their insurance premiums
• Quantitative, qualitative and geographical development of the sales network and service delivery
• Effective utilization of shareholder's brands, facilities and potentials with a focus on creating synergy, differentiation and desirability for both the organization and their customers
• Creating a mechanism for continuous monitoring of operational and non-operational areas in both internal and external environment
• Building an agile, IT-oriented organization
• Diversification in investments in compliance with legal requirements
• Attention to detail ,reflection and analysis of processes from a value engineering perspective aimed at enhancing efficiency in all areas
Goal: human resources Development
Overview of strategies
• Deepening the process approach in defining individual roles
• Knowledge management and empowering human resources through modern knowledge
• Adoption of employee participation programs
• Addressing the occupational, financial and spiritual needs of human capital
• Performance evaluation based on realization of corporate goals and plans
Goal: Quality improvement through enhancing the compliance of corporate performance with customer expectations
Overview of strategies
• Standardization of processes leading to provision of products/services for customers
• Customization and personalization of services for customers
• Helping to improve customer risk management through providing free-of-charge consultation and training
According to Article 2 of The Company Articles of Association, the main scope of activities involves:
• Direct insurance operations in life and non-life insurance lines under permits issued by the Central Insurance of I.R. Iran
• Acquiring reinsurance coverage on insurance policies issued
• Accepting reinsurance from local, regional and international insurance funds on a mutual basis within the scope approved by the Central Insurance of I.R. Iran.
• Investment of capital and technical/legal reserves within the framework set by the high Council of Insurance