Analysis of the structure of insurance market regulation in Iran and its management strategies

Subject Areas : مدیریت

Mehrnoush Kayyal ¹ , Mahmoud Bagheri ² , Mohammad hossein zarei ³ , Mohammad Hashemi ⁴

1 - PhD Student, Department of Public Law, Science and Research Branch, Islamic Azad University, Tehran, Iran
2 - Associate Professor, Department of Law, University of Tehran, Tehran, Iran (Correspondent)
3 - Associate Professor, Department of Public Law, Shahid Beheshti University, Tehran, Iran
4 - Professor, Department of Public and International Law, Research Sciences Branch, Islamic Azad University, Tehran, Iran

Received: 2021-01-12 Accepted : 2021-01-12 Published : 2020-12-21

Keywords: "insurance industry", "market failure", "regulation and supervision", " method of regulation", "regulating tools",

Abstract :

Insurance is a kind of service and, like all other goods and services, it has a marketplace, Although the insurance market has three pillars of buyer, seller, regulator due to its specific characteristics .regulation is usd to identify where the market fails, And supervision is used to control the failures caused by the above. Therefore, each state, according to its conditions and facilities, uses methods and tools for regulating and monitoring the insurance market. In Iran, after the privatization of the insurance market, control and control methods are used to regulate and supervise the insurance market. In this regard, efficient and effective supervision of the insurance industry along with expanding competition in order to prevent distortions that could seriously hit the industry is one of the main challenges of the country's insurance industry. Therefore, in this paper, we use an analytical-descriptive method to find the answer to the question of what is the structure of regulation and supervision in Iran. And what methods and tools does the government use? An examination of the structure, methodology and tools of regulation and supervision in the Iranian insurance market can reveal one of the important reasons for the lack of profitability and the lack of progress in the insurance industry in comparison with other markets of advanced countries.