Cautious Western insurers rebuild business ties with Iran 


Iran is in active talks with insurers to provide cover in a market valued at $9 billion overall last year and potentially double that in the next decade. 

Western companies need insurance in order to��resume business with Iran. Shipping and trade credit insurance, which remove the risk of non-payment for goods, are the first types of insurance being offered. 
“There is generally a lower degree of fear and apprehension and that is because you have not had the big fines on the insurers that the banks have faced,” said leading London sanctions lawyer Nigel Kushner. More.

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