More than 140 foreign insurance and reinsurance companies have approached Iran's insurance regulator with a view to entering the market.

Swiss, British, French, German and Japanese risk carriers have all been knocking at Iran's door as a consequence of the recent lifting of financial sanctions against the empire. The regulator, whose website refers to it in English as the Central Insurance of Iran, is said to have been in talks with Echo Re, Lloyd's of London, Munich Re, Reiseschutz Versicherungs, and Mitsui, Tokio Marine, Sompo, NASCO and SCOR, according to a recent report.