Munich Personal RePEc Archive

The privatization effects on Iran insurance industry

Karimi, Mohammad and Cheshomi, Ali and Hassannezhad Kashani, Behzad (2010): The privatization effects on Iran insurance industry. Published in: International Journal of Economics and Finance Studies , Vol. 2, No. 2 (2010): pp. 79-86.

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Two methods of privatization through ownership transfer and privatization from below are more proper than other ones. The privatization program in Iran insurance industry is performed through privatization from below initiated from 2000 and proceeded in recent years by ownership transfer according to general policies of Iran Law. This paper shows how privatization from below is effective more than ownership privatization in competition extension in insurance industry and spread of its supporting businesses. This method have had more effects on insurance industry by extending insurance industry practices, leading to differentiation in insurance products, improving public firms' performance and extending insurance relevant businesses.

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