Alborz Insurance Company

Alborz Insurance Company was established on July 19, 1959, by the private sector with the primary goal of providing high-quality insurance services to the public, diversifying the insurance market, and achieving customer satisfaction. Within a short period, the company successfully gained the trust of numerous investors and asset owners. Following the Islamic Revolution, Alborz Insurance continued its operations under the same name, maintaining its strong performance. Today, Alborz Insurance operates 57 branches and over 2,800 active representatives across the country, ready to offer comprehensive insurance services to its clients. As the private insurance company with the highest risk retention capacity, Alborz has achieved significant successes in the national insurance industry and among governmental bodies in recent years. The company's enduring success can be attributed to its substantial capital, reserves, and sufficient savings, along with its specialized and professional expert team. Alborz Insurance is recognized for its rapid claims assessment and settlement processes, which are key indicators of its financial strength. The company also benefits from a loyal and long-standing customer base, extensive global insurance market connections, scientific and accountable management, and strong financial ratios. In 2009, Alborz Insurance became the first state-owned insurance company to be listed on the stock exchange, with an overwhelming response from investors and market participants. Following this, 80% of its shares were sold, transitioning the company from a state-owned entity to a privately-owned insurance company.