Moallem InsuranceCompany (MIC) has been established in 1994 with a prior registered name of“Export and Investment Insurance Company (EIIC) "with participation and partnership of insurance industry of Iran and banking system for the purpose of developing export activities and providing credit insurance coverage against available risks. After assignment of main part of the share of the “export and investment insurance company (EIIC)” and in the bases of shareholder’s decision making, the name of company changed to" Moallem insurance company (MIC) In July 2007. Gradually the company can expand its domain of activities and get generalactivities license from(Central Insurance of Islamic Republic of Iran) BIMEH MARKAZI JOMHORI ESLAMI IRAN ) in reinsurance and all life and non-life insurance fields. Today Moallem insurance company (MIC) as the oldest private insurance company in Iran’s insurance market offers all kinds of insurance coverage.