The need for users of the core insurance software to familiarize themselves with the techniques and intricacies of using the system, coupled with the lack of a structured and organized educational framework in the field of insurance information technology, led Fanavaran to establish an educational institute called Karanagar in 2014.

Karanagar utilizes the latest educational methodologies to train representatives, experts, employees, enthusiasts, and job seekers in the insurance industry on the core insurance system, financial and legal software, and the concepts and principles of insurance business. Karanagar tailors its training programs to align with the educational process and the specific needs of insurance companies, offering services to customers through both in-person and e-learning methods.