Miran SC

History

2023: Entering the Russian Market

In October 2023, Mir Business Bank (MB-Bank, a subsidiary of Bank Melli Iran) registered the Miran insurance company in Russia. According to the Unified State Register of Legal Entities (USRUL), the authorized capital of the legal entity is about 600 million rubles. The share of World Business Bank in the company is 90%, the remaining 10% belongs to Miras Financial Company, controlled by the bank. The general director of the company is Alexander Kuznetsov, who previously headed a number of insurance companies - Helios, Vernu and Guta-Strakhovanie.

Experts interviewed by Kommersant say that the new company is likely to insure the risks of foreign trade in Russia and Iran, as well as insure objects received by the buyer using Islamic financing mechanisms.

Mir Business Bank registered the insurance company Miran in the Russian Federation

In trade and economic relations between the Russian Federation and Iran, insurance relations can focus on cargo insurance, and we are talking about all types of freight transport, explains independent expert Andrei Barkhota. In particular, the press service of the Ministry of Industry, Trade and power of the Astrakhan Region announced that Iran's largest shipping company Islamic Republic of Iran Shipping Lines will increase the flotilla of cargo ships in the Caspian to ensure the growth of cargo traffic along the MTK North - South through Astrakhan ports.

Earlier, insurance and reinsurance companies from Iran created a consortium for the Russian market, which, due to restrictive measures by European countries, lost access to Western reinsurance services. The community was created with the support of the Central Insurance Company of Iran Bimeh Markazi (regulator). In total, the association included 12 Iranian companies. Collectively, these organizations own $27.6 billion and occupy 48% of the market share, RBC reports.^[1]

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