Name

Taavon Insurance بیمه تعاون

Legal name

شرکت بیمه تعاون (تعاونی سهامی عام)

Website

https://taavon-ins.ir

Company type

Public

Founded year

2007

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Multi-line Insurance

NAICS

Insurance Carriers (5241), Direct Insurance (except Life, Health, and Medical) Carriers (52412), Direct Life, Health, and Medical Insurance Carriers (52411)

SIC

Fire, Marine & Casualty Insurance (6331), Life Insurance (6311), Accident & Health Insurance (6321), Insurance Carriers, Nec (6399)

akta.pro primary industry

Travel & Accident (Non-Life) Insurance (FSAJAMAN)

akta.pro secondary industry

Product Liability & Recall (FSAJAGAG)

Keywords

• Multi-line insurance
• Property and casualty insurance
• Health insurance services
• Life insurance products
• Motor vehicle insurance

Headquarters

HQ city

Tehran, Tehran

HQ country

Iran

HQ region

Middle East

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Insurance Premium Revenue: Taavon Insurance generates revenue by collecting insurance premiums across multiple lines of business including fire, motor (third-party and body), health/treatment, life, group life and accident, liability, engineering, cargo/shipping/aviation, and specialty insurance. Premiums are collected on a recurring annual or multi-year basis depending on the line of business. The company is a publicly listed joint-stock company (تعاونی سهامی عام) registered in Iran's stock exchange.

Go-to-market motion1 record

Distribution channels6 records

Marketing channels5 records

Core offering

Taavon Insurance is a multi-line Iranian insurance company that underwrites and issues a comprehensive portfolio of insurance policies covering fire/property, motor (third-party liability and body), health/treatment (individual, family, supplementary, and group), life and investment, group life and accident, individual accident, civil and professional liability, engineering (CAR, EAR, machinery breakdown, electronic equipment, completed structures, latent defects), cargo (export, import, domestic), marine/hull, aviation, money, credit, quality assurance, and reinsurance. Policies are distributed nationwide through branches, agencies, brokerages, bank counters, and digital self-service platforms, with supplementary health claims processed via the Sinad online platform.

Product overview

Taavon Insurance (بیمه تعاون) is a multi-line Iranian insurance company structured as a cooperative public joint-stock company. Its product portfolio spans 12 broad insurance categories: Fire (آتش سوزی) covering warehouses, residential, industrial, and non-industrial properties; Vehicle (خودرو) including body and third-party liability; Health/Treatment (درمان) with family, supplementary, individual, and group plans; Group Life & Accident (عمر و حوادث گروهی); Liability (مسئولیت) covering employers' liability, professional liability for physicians, and civil liability; Engineering (مهندسی) including CAR, EAR, machinery breakdown, electronic equipment, and completed structures; Special Insurance (خاص) covering money, hull/marine, aviation, and credit; Individual Life (عمر) including term life and life & investment; Individual Accident (حوادث انفرادی); Reinsurance (اتکایی); Cargo (باربری) for export, import, and domestic transit; and Credit Insurance. The company also operates digital platforms including the Sinad (سیناد) online health claims system, an electronic services portal, a mobile application, a shareholder portal, and an enrollment system for agency and employment applications. The company serves customers through 46 branches, over 600 agencies, more than 1,100 brokerages, and 5,159 contracted medical centers across Iran.

Differentiator

Problem solved

Functional benefit

Products and services

• Non-Industrial Fire Insurance (بیمه آتش سوزی غیر صنعتی) Coverage for assets of non-industrial units such as commercial shops, offices, public places, hospitals, educational centers, and retail establishments against fire, explosion, and lightning.
• Industrial Fire Insurance (بیمه آتش سوزی صنعتی) Fire insurance covering industrial units including factories, production plants, and manufacturing facilities against fire, explosion, lightning, and ancillary perils, protecting assets such as buildings, machinery, inventory, and raw materials.
• Residential Fire Insurance (بیمه آتش سوزی مسکونی) Fire insurance covering individual residential units, entire residential complexes, or villas, protecting buildings, installations, household contents, and common areas; mandated by Article 14 of the Apartment Ownership Law for building managers.
• Warehouse Fire Insurance (بیمه آتش سوزی انبارها) Fire insurance for warehouses covering buildings, installations, inventory (on fixed or variable basis), furniture, office equipment, and handling equipment such as forklifts and pallet jacks.
• Vehicle Body Insurance (بیمه بدنه خودرو) Covers vehicle owners against risks including collisions, fire, explosion, lightning, total theft, damage to original spare parts, rescue and transportation costs, with no-claim discounts of up to 60%.
• Third-Party Liability Insurance (بیمه شخص ثالث) Mandatory civil liability insurance for motor vehicle owners covering bodily injury and property damage to third parties, including passenger and driver accident coverage, with minimum coverage of 100 million rials financial and 8 billion rials personal injury.
• Individual Health Insurance (بیمه درمان انفرادی) Supplementary health insurance for individuals and families without requiring membership in a group or organization, offering customizable plans for hospitalization, surgery, paraclinical services, pharmacy, and dental care.
• Supplementary Health Insurance (بیمه درمان تکمیلی) Comprehensive supplementary health insurance providing coverage for hospitalization, surgery, paraclinical diagnostic services, medication, specialist consultations, dental care, optics, and rehabilitation, with claims processed through the Sinad online platform.
• Family Health Plan (درمان طرح خانواده) Family health insurance plan covering individual medical expenses for families who cannot or do not wish to use group health insurance, with coverage for illness and accident-related treatment costs, and access to over 5,000 contracted medical centers nationwide.
• Group Supplementary Health Insurance (بیمه درمان تکمیلی گروهی) Group supplementary health insurance for companies and organizations offering comprehensive medical coverage including hospitalization, surgery, paraclinical services, pharmacy, and dental care at lower premiums than individual plans, enhancing employee satisfaction and retention.
• Group Life Insurance (بیمه های عمر گروهی) Group life insurance covering fixed-sum and salary-multiple capital options, including simple term life, group creditor life (decreasing balance), and government employee plans, with coverage for death by any cause.
• Group Accident Insurance (بیمه حوادث گروهی) Covers death and permanent partial/total disability resulting from accidents occurring 24 hours a day with no geographic limitation. Minimum 10 persons required, covering corporate accident, travel tour accident, and educational group accident variants.
• Individual Accident Insurance (بیمه حوادث انفرادی) Individual personal accident insurance covering death, permanent disability, temporary disability, specific disease treatment, work accidents, traffic accidents, electrocution, fall from height, and animal attacks, with optional earthquake and volcanic eruption coverage.
• Individual Term Life Insurance (بیمه عمر انفرادی) Simple term life insurance providing pure protection with affordable premiums, covering death by any cause during the policy term with optional accident death, disability, and specified illness coverage, exempt from inheritance tax.
• Life & Investment Insurance (بیمه عمر و سرمایه گذاری) Combined life insurance and investment product providing death benefit and survival benefit at policy maturity, with investment fund participation, loan access up to 90% of surrender value, and tax exemptions. Maximum death benefit up to 100 billion rials, with supplementary coverage for accidents, critical illness, and disability waivers.
• General Civil Liability Insurance (مسئولیت مدنی) General civil liability insurance covering legal liability for bodily injury and property damage caused to third parties during the policy period, with 12 articles governing exclusions, policyholder duties, and insurer obligations.
• Professional Liability Insurance for Physicians (مسئولیت حرفه ای پزشکان) Covers physicians' and paramedics' professional liability for bodily injury, psychological harm, or death of patients caused by negligence, incorrect treatment, or malpractice, including assistants and nurses operating under physician orders.
• Employer's Liability Insurance for Construction Workers (مسئولیت کارفرما در قبال کارکنان ساختمانی) Covers employers' civil liability for bodily injury to construction workers during work activities, including medical expenses, death compensation, and disability benefits, with optional coverage extensions for off-site missions and third-party claims.
• Employer's Liability for Industrial/Service Workers (مسئولیت کارفرما در قبال کارکنان صنعتی، تولیدی، خدماتی) Covers employers' civil liability for death or injury to workers in industrial, manufacturing, and service establishments, with employers able to cover workers without naming them individually for a reduced premium.
• Employer's Liability for Civil Engineering Workers (مسئولیت کارفرما در قبال کارکنان عمرانی) Covers employers' and contractors' civil liability for bodily injury to civil engineering workers including residential building, road construction, and bridge construction workers, with maximum coverage equivalent to one diya (blood money) per worker.
• Carrier's Liability Insurance (مسئولیت متصدیان حمل و نقل) Covers civil liability of domestic transportation companies for goods in their care during transit, complementing cargo insurance which covers the cargo owners directly.
• Contractor's All Risks Insurance - CAR (مهندسی تمام خطر پیمانکاری) Covers all risks during construction and civil engineering projects from pre-storage through to temporary handover, excluding war, rebellion, willful misconduct, and design errors, covering projects such as dams, airports, tunnels, and residential buildings.
• Contractor's All Risks (تمام خطر پیمانکاری) All-risks insurance for construction projects including buildings, roads, bridges, dams, tunnels, airports, and railways, covering contract value, materials, machinery installation, contractor's equipment, and third-party liability from commencement to temporary handover.
• Erection All Risks Insurance - EAR (مهندسی تمام خطر نصب) Covers construction and installation projects where the value of items being installed exceeds the value of materials, including factories, power plants, refineries, pipelines, petrochemicals, and telecommunication systems during installation phase.
• Completed Structures Insurance - CECR (سازه های تکمیل شده) Covers completed structures during the operational phase against perils including fire, explosion, earthquake, landslide, flood, storm, and collision. Covers residential, commercial, roads, railways, airports, bridges, tunnels, dams, and pipelines.
• Completed Engineering Risks Insurance - CECR (بیمه سازه های تکمیل شده) Insurance for completed structures and infrastructure during the operational phase, covering residential, commercial, roads, railways, airports, bridges, tunnels, dams, and pipelines against named perils including fire, earthquake, flood, and storm.
• Latent Defects Insurance - LDB (عیوب اساسی و پنهان ساختمان) Covers structural and ancillary damage to buildings caused by faulty design, defective materials, or faulty workmanship that was not apparent at the time of completion and inspection by the insurer's technical inspector.
• Machinery Breakdown Insurance - MB (شکست ماشین آلات) Covers sudden and unforeseeable physical damage to machinery and equipment in factories caused by mechanical and electrical defects, including design flaws, material defects, operator error, and electrical faults.
• Machinery Breakdown (شکست ماشین آلات) Covers physical breakage of production machinery during operation from sudden accidents including operator error, foreign object impact, centrifugal force separation, physical explosion, boiler water shortage, and electrical faults.
• Electronic Equipment Insurance - EE (تجهیزات الکترونیکی) Covers sudden physical damage to electronic equipment including computers, medical devices, engineering instruments, filming cameras, and audio-visual equipment, where electronic components exceed mechanical components in value.
• Electronic Equipment Insurance - EE (تجهیزات الکترونیک EE) All-risk insurance for electronic equipment where electronic components exceed mechanical components in value, covering computers, telecommunications, medical, laboratory, and research equipment against fire, flood, lightning, impact, and electrical faults.
• Contractor's Plant & Machinery Insurance - CPM (ماشین آلات و تجهیزات پیمانکاری)

Quantifiable outcome

• 41,000+ claim files processed in two months of 1405, representing 108% increase compared to the same period last year
• +2 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Seven partnerships are on record, tiered moderate, minor and core.

• Aras Free Trade ZonemoderateStrategic or Co-development Partner · 1 January 1405During the CEO's provincial visit to East Azerbaijan, Taavon Insurance signed a cooperation agreement with the management of Aras Free Trade Zone to expand insurance coverage for vehicles in the free zone, industrial units, and to establish a Taavon Insurance service counter in the zone.
• Tabriz International Hospital (بیمارستان بین‌المللی ولیعصر تبریز)minorOthers · 1 January 1405During the CEO's visit to East Azerbaijan province, potential cooperation for expanding health insurance services was discussed with Tabriz International Hospital, one of the largest hospitals in the country, to enhance health coverage for Taavon Insurance policyholders.
• Tabriz Chamber of Commerce (اتاق بازرگانی تبریز)moderateStrategic or Co-development Partner · 1 January 1405Meeting with the board of Tabriz Chamber of Commerce, Industries, Mines and Agriculture to discuss ways to expand cooperation between the insurance industry and the private sector in the region.
• Bank Mellat (بانک ملت)coreOthersBank Mellat serves as a key financial partner for Taavon Insurance, processing premium payments for both life and non-life insurance policies through its epay portal. Customers can pay life insurance premiums and non-life insurance premiums via Bank Mellat's electronic payment system.
• Bank Refah (بانک رفاه)coreOthersBank Refah hosts a dedicated service counter (باجه) for Taavon Insurance at its Tehran branch, providing in-person policy sales and customer service to bank customers.
• Bank Melli (بانک ملی)coreOthersBank Melli's Tajavmoz Specialized Branch (بیمه تخصصی ملل) in Tehran serves as a dedicated insurance service counter for Taavon Insurance products, offering specialized advisory and policy services to bank customers.
• Saman Insurance Brokers (سمناک)moderateOthersThe CEO of Taavon Insurance met with the Secretary General of Saman Insurance Brokers Syndicate to discuss expanding cooperation within Iran's insurance industry, reflecting the company's strategic engagement with the broker community.

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Saman Insurance (Bimeh Saman): Bank-affiliated (Bank Saman) private Iranian multi-line insurer. Compares to Taavon in its reliance on bank channels for distribution and similar product mix.
• Parsian Insurance (Bimeh Parsian): Leading private-sector Iranian multi-line insurer known for strong bank-broker partnerships (Bank Pasargad) and rapid growth. Closest private-sector comparable to Taavon in product breadth and distribution strategy.
• Dey Insurance (Bimeh Dey): Private Iranian insurer with strong presence in motor, health and engineering lines. Direct competitor to Taavon in mid-market and corporate segments.
• Ma Insurance (Bimeh Ma): Private-sector Iranian multi-line insurer with strong corporate and engineering lines. Comparable to Taavon in mid-tier positioning and product breadth.
• Mellat Insurance (Bimeh Mellat): Bank-affiliated (Bank Mellat) Iranian multi-line insurer. Most structurally similar peer to Taavon given shared reliance on Bank Mellat as both shareholder-affiliate and distribution partner.
• Dana Insurance (Bimeh Dana): Private-sector multi-line Iranian insurer with significant motor, fire and health books. Competes with Taavon in mass-market and SME segments nationwide.
• Iran Insurance Company (Bimeh Iran): Iran's largest state-owned multi-line insurer, offering fire, motor, health, life, engineering, marine and liability products nationwide. Direct competitor to Taavon across virtually every line and geographic segment.
• Asia Insurance (Bimeh Asia): Second-largest state-owned Iranian insurer with a full multi-line portfolio and broad distribution. Competes head-to-head with Taavon in motor TPL, health, fire and engineering.
• Pasargad Insurance (Bimeh Pasargad): Large private Iranian insurer with multi-line coverage and bank-affiliated distribution. Directly comparable to Taavon in target segments, distribution mix and product portfolio.
• Novin Insurance (Bimeh Novin): Private Iranian insurer focused on motor, health and personal lines. Direct mid-tier competitor to Taavon in retail and SME segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/taavon-insurance-%D8%A8%DB%8C%D9%85%D9%87-%D8%AA%D8%B9%D8%A7%D9%88%D9%86

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Taavon Insurance بیمه تعاون