Razi Insurance Co. was established on early 2003 upon Act of Establishment of Non-Government Institutes, Aug. 2001, of Islamic Parliament, and permission no. 5194 dated 18/5/2003 of Central Insurance Co., to develop insurance culture, to promote insurace services quality, and to expand cometence space in insurance industry, with capital of Rls.140,000 million, which its capital reached to Rls.2,000 billion in 2014. Its stockholder composition was modified in 2013, and now it is composed of a set of real and legal persons. Up to now, Razi Insurance Co. has employed more than 600 skillful persons and has established 42 branches, 1040 general insurance agencies, and 482 life insurance agenices, and cooperates with more than 414 insurance agencies around Iran, and could introduce itself as a trustful company near citizens and public and private organization. Also, Razi Insurance Co. has provided a confidence hedge to guarantee its obligations through Fair Pool, GIC, CCR Algeria, and Trust International companies.
