SERVICES

The Long-Term Goals of Iran Hami Insurance Broker Co.

The services provided by insurance Broker companies are limited to getting legal discounts from insurance companies. Therefore, one of the long-term goals of Iran Hami Insurance Broker Co. is to establish a group of insured parties (suitable for the type of the intended insurance policy) so that, in addition to legal discounts, it can get a discount for insurance of a group of insurance companies. It is evident that the greater the number of this group, the group discount will cover a higher percentage and more facilities will be obtained from the appropriate insurance companies for the insured parties. It is worth mentioning that insurance Broker companies (including Iran Hami Insurance Agency) receive their fees as a portion of the charges made by the insurance companies. Therefore, the users of this Broker system will not have to make any additional payments for receiving the services and facilities.

The Procedure of the Executive Operations prior to Issuance of the Insurance Policy and Obtaining the Insurance Premium Iran

Hami Insurance Broker Co. goes through the following steps for issuing the insurance policy and announcing the insurance premium to various companies and institutes:

A. Analyzing the current risks and proposing the purchase of insurance policies for insurance risks not yet under insurance coverage (or already defined partially).

B. Receiving policy purchase bids from parties to be insured if an agreement as per A is achieved.

C. Enquiring about the rate and terms from all governmental and private insurance companies for getting the lowest rate with the best conditions.

D. Supervising over drawing up proper policies based on full collection of indemnity in the scope of the appropriate insurance policy upon occurrence of probable risks affecting the insured party.

The Short-Term Goals of Iran Hami Insurance Broker Co.
As you are well aware, the economic life of any organization somehow depends on obtaining insurance coverage for its real needs. At the same time, the expenses for purchasing insurance policies shall be feasible besides reasonable, in order to cover the incurred damages to properties and probably the personnel of organizations in the event of any probable damage. In line with this, the general insurance sector at Iran Hami Insurance Broker Co. was commissioned once again in order to employ knowledge along with years of experience at all stages of occurrence of accidents, following the accidents and finally obtaining the indemnity payment check and providing appropriate advice to natural and legal persons to assure them indemnity has been properly paid. In addition, for drawing up insurance policies relevant to the type of activity of companies, the necessary considerations, feasibility studies and consultations can be made to encourage insurance companies to approve and issue such policies. The most important goals of Iran Hami Insurance Broker Co. in the short term are as follows:

· To examine risks that threat the material and intellectual properties of companies;

· To introduce and estimate the costs of insurance coverage for insurable risks;
· To purchase insurance policies approved by companies by enquiring from all insurance companies and getting the minimum rate with appropriate conditions (indeed after making the above arrangements);

· Providing guidance on performing duties of policy buyers (the insured parties) as provided in policy terms;

· To provide necessary information on changes in the insurance market of Iran and insurance policies, knowing which can be useful for the insured;

· To follow up claim files from the time of knowing to the time of obtaining a final result and receiving the indemnity payment check from the relevant insurance company and to deliver the same to the insured party;

· And …

Achieving which requires close cooperation with various organizations and institutes as follows: · Studying and supervising over drawing up insurance contracts suitable to the insurance requirements of companies by obtaining the best conditions and insurance premium and consulting for solving all insurance problems;

· Holding negotiations and making the necessary correspondence whether on duties assigned by companies or on what Iran Hami Insurance Broker Co. deems expedient for any company, and obtaining the necessary facilities in terms of claims and receiving compensation and expenses of damages to companies in connection with insurance affairs;

· Keeping confidential all reports, correspondence and consultation with companies and taking all necessary measures and due care for preserving the notes and documents and preventing their disclosure.

Security Insurance Of International Transport Companies Obligation
In the years past ( and partly at present ) in order to transit the goods through Iran, International Transport Companies were presenting the excessive securities, which caused some problems for Iran Custom and Transport Companies when the event exist. Recently, by written Agreement between Asia Insurance Company and Iran custom, Transport Companies present the certificates, which are given by Asia Insurance Company, as security to Iran Custom. By presentation the said securities, transit of the goods through Iran will be permitted to Transport Companies by Iran Custom, ofcourse in the scope of concluded contract. This aggregative draft is only draf in Iran, which acts as insurance policy. While the events exist (except in some cases which Transport Companies are guilty such as smuggled goods, shortage, theft, etc.) Asia Insurance Company will settle the Iran Custom s claim and only the precent of it will be paied ( as franchise ) by the relevant Transport Company. This insurance policy has arranged within the scope of Iran custom rules and Insurance law, which has been approved in 1937, and excute in Iran. Although many Insurance Companies draw up contracts with some international Transport Companies, but these cantracts are similar to the security of Transport Company's obligation not insurance policy. When the events ( even without interference of Transport companies ) exist, the relevant Insurance companies will settle the Custom s claim, and then will recourse to Transport Companies in order to take back totall amount of payment . The said matter is the most important difference between two drafts. As it was mentioned before, at present Iran Hami Insurance Broker Company excute this Concluded contract which Asia Insurance Company insures the obiligation of the Transport Companies that are introdued by International Transport companies Association of Iran. All the activities Comcerning to claim files, correspondence, verbal negotiations with Custom s directors in necessary meeting, carry out by direct or indirect interferences of Iran Hami Insurance Broker Co.. According to modifications which exist on the rules and provisions of the Iran Custom and cargo transit, we try to make this national draft without deficit and better than past.

Liability Insurance Of International Transport Companies Against Cargo Owner (CMR Insurance)

CMR which is issued by carriers when cargo owners ( the forwarders ) deliver the goods to them, is one of the most important carriage documents, In Iran, the carriers are bound among drawing up the contract with one of the Insurance company, cover their own CMR. According to Iran Central Insurance approved, the said Insurance must be arranged within the scope of CMR convention and Insurance rule that has been approved in 1937. In 1996 after necessary negotiations, Iran Hami Insurance Broker Company became successful to executing this insurance policy which on the one hand, International Transport Companies Association of Iran is introduced as Insured, and on the other hand Iran Insurance company as Insurer. Although this contract had some deficit at first, but gradually it became more perfect and efficient by acquiring important and valued experiences. In this contract all the excuting activities are carried out by Iran Hami Insurance Broker Company. Its members whether in the years past whether now were skillful in their activities and they dominate over Insurance provisions, and rules that are related to International Transportation. They try to act in a way that among the adjustment of the losses and damages, give Insured parites satisfaction more than past. This process continued till the time that Road Ministry and Transportation Organization issued the circular letter which caused many International Transport companies came out of the said draft for some reason ( perhaps the most important reason of it, is unsuitable services which were presented to them by the insurer ). They not only lost the power of negotiations about the damages and losses with insurer, but also they could not use the discounts, which are considered on the aggregative contracts. At present, we try to take necessary actions to give more suitable services to carriers, and in order to increase covers, we negotiate with insurer .