Risk Level:
99% May harm your business future; Persons or entities that engage in transactions with this entity will be exposed to sanctions or subject to an enforcement action;

Working with this entity means supporting Iranian Regime, Regime Terrorist Activities & development of WMD

Status:
Top Alert – Entity designated / sanctioned for terror, WMD and human rights violation

Info:
Iran Insurance Joint-stock Company is an Iranian government-owned corporation providing a wide range of insurances;

Established in 1935, the company is regarded as “Iran’s largest insurance corporation” and holds over 50% of the national market share;

IIC has insured the purchase of various items that can be used in programs of concern for proliferation, including helicopter spare parts, electronics, and computers with applications in aircraft and missile navigation;

IIC provides marine, engineering, automobile, fire and liability insurance. Also, IIC underwrites infrastructure projects in Iran’s oil, natural gas, petrochemical, power plant and aviation sectors;

Iran Insurance Company has overseas branches located in Bahrain, England, Oman and the United Arab Emirates;

In April 2015, it is placed under administration by the Central Bank of Bahrain. IIC owns or controls London-based Bimeh Iran Insurance Company (U.K.) Limited (BIUK);

According to the European Union, has insured the purchase of various items that can be used in programs that are sanctioned by U.N. Security Council Resolution 1737, including “helicopter spare parts, electronics, and computers with applications in aircraft and missile navigation”;

As part of the re-imposition of U.S. sanctions on Iran, added on November 5, 2018 to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), freezing its assets under U.S. jurisdiction and prohibiting transactions with U.S. parties, pursuant to Executive Order 13599, which targets entities controlled by the Government of Iran and Iranian financial institutions; foreign parties facilitating transactions for the entity or otherwise assisting the entity are subject to U.S. sanctions;

Industry:
Insurance

Established:
1935

Also Known As:
Bimeh Iran
IIC
Iran Insurance Co.

Country:
Iran

Address:
107 Dr Fatemi Avenue, Tehran 14155/6363, Iran
Abdolaziz-Al-Masaeed Building, Sheikh Maktoom St., Deira, P.O. Box 2004, Dubai, United Arab Emirates
P.O. Box 1867, Al Ain, Abu Dhabi, United Arab Emirates
P.O. Box 3281, Abu Dhabi, United Arab Emirates
P.O. Box 1666, Sharjah, United Arab Emirates
P.O. Box 849, Ras-Al-Khaimah, United Arab Emirates
P.O. Box 417, Muscat 113, Oman
P.O. Box 676, Salalah 211, Oman
P.O. Box 995, Manama, Bahrain
Al-Lami Center, Ali-Bin-Abi Taleb St. Sharafia, P.O. Box 11210, Jeddah 21453, Saudi Arabia
Al Alia Center, Salaheddine Rd., Al Malaz, P.O. Box 21944, Riyadh 11485, Saudi Arabia
Al Rajhi Bldg., 3rd Floor, Suite 23, Dhahran St., P.O. Box 1305, Dammam 31431, Saudi Arabia

Phone:
(+98 21)86711970

Web Site:
iraninsurance.ir
bimehir.ae
iraninsuranceint.com

E-Mail:
info@iicbh.com
hr@iicbh.com
iad@iraninsurance.ir

Person of interests:
Mohsen Pourkiani (CEO)

Reason for the color:
» Added to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on 11/05/2018;
» Listed by the European Union on July 26, 2010 as an entity linked to Iran’s proliferation-sensitive nuclear activities or Iran’s development of nuclear weapon delivery systems;
» Removed from the E.U. list in January 2016 as part of the Joint Comprehensive Plan of Action;
» Added to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on June 16, 2010;
» Removed from the SDN list in January 2016 as part of the Joint Comprehensive Plan of Action, but identified as a part of the Government of Iran, prohibiting transactions with U.S. parties;


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IFMAT Color Guide

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We sort entities who are connected with terrorist activities, in two sections, first by risk and second by geolocation.
GeoLocation divisions are divided into two fields, Black List and Gray List.
BlackList is a list of all companies, organizations and figures who originate from Iran.
GrayList is a list of all companies, organizations and figures out of Iranian borders, and doing business with Iran.
We identify risk of entities by COLOR selection, each color marks the risk level of the entity.(by declining order)
 
TOP ALERT
Designated / Sanctioned / Illicit entities
 
HIGH ALERT
Entities affiliated with Designated / Sanctioned / Illicit entities.
 
MEDIUM ALERT
Entities sanctioned in the past for Terror or Illicit activities / WMD related / Human rights violations.
 
RISK ALERT
Entities in a problematic sector - Sector controlled by the Top Alert entities.
 
GENERAL ALERT
Legitimate entities - we cannot determine whether an entity is completely green, and that is due to the facts that the Iranian economy is not transparent enough for us. Be sure.