Iran Insurance News

The Central Insurance company of Iran, the industry’s regulator, has welcomed the government's action plan to create the conditions for offering insurance risk securities, saying that it would…

Insurance companies are required to collect 5 trillion rials ($16.6 million) from third-party auto insurance policies in the next fiscal year.

Saman Insurance Company, affiliated to Saman Bank, has become the first domestic company to offer ‘pay as you drive’ auto body insurance cost. According to a press release seen on the company's…

The Central Insurance company of Iran is set to rank insurance companies based on new criteria to help promote competition in the gradually growing market. Gholamreza Soleimani, the CII head,…

Insurance companies generated 630 trillion rials ($2.1 billion) in premium income in eight months to Nov 22 up 43% on the same period last year, the head of the Central Insurance company of Iran…

TehranRuck Reinsurance Company has issued a subscription notice to sell shares. In a notice seen on Iran Fara Bourse website, investors can subscribe for the shares from Saturday for 15 days.

Vice-President Mohammad Mokhber on Saturday announced the launch of the Natural Disaster Insurance Fund, after it was approved by the cabinet. The Majlis approved the establishment of the long-…

Insurance companies in Iran paid 13.63 trillion rials ($48.3 million) in Covid-related medical bills since the outbreak of the deadly virus in February 2020. Gholamreza Soleimani, head of the…

Iran Insurance Company, the sole state-owned company, still generates the most premium income, despite efforts to increase and expand private firms. Data published by the Central Insurance…

Insurance companies generated 602 trillion rials ($2.09 billion) through selling 38.5 million policies in the first seven months of Iranian year (started March 2021). Central Insurance company…

Private insurance companies recorded 89% increase in collective investment in IT projects in the last Iranian year (ended March 2021), a recent study shows. Risknews reviewed private insurance…

The Central Insurance company of Iran, the regulatory body of the sector, is working on a plan to offer insurance cover for bank card holders. Gholamreza Soleimani, the CII head, says the plan…

Insurance companies' income from transportation industry saw considerable growth in the last decade despite the challenges and restrictions faced by businesses.

Insurance officials from Iran and Iraq explored prospects for building cooperation and starting a joint insurance companies. Gholamreza Soleimani, head of the Central Insurance company of Iran…

Minister of Economy Ehsan Khandouzi enumerated Sunday his ministry's expectations from the insurance industry in a meeting with CEOs of the insurance companies. Khandouzi called on insurers to…

To enhance financial literacy and risk management skills of university students, the Central Insurance company of Iran, the industry’s regulator, has proposed adding insurance courses to the…

A recent comparative study of insurance companies shows firms affiliated to bank-affiliated companies had a better peformance A recent comparative study of insurance companies showe that…

The Central Insurance company of Iran has assured agents and brokers that it will revise the newly-announced commission framework, they deem controversial, in a way that would benefit sales.…

The Central Insurance company of Iran agreed to review its newly-announced framework about agent and brokers' commissions, which has raised objections among insurers. The decision was made…

Insurance companies sold nearly 18 million life insurance policies in the four months of the current fiscal year that started in March, up 17.79% year-on-year. Life insurance accounted for 15.…

The number of insurers in Iran, including reinsurance, life insurance and general insurance companies, is likely to reach 46 with the regulator saying that 13 new firms are getting ready to…

Insurance companies have performed reasonably well in supporting the public during the pandemic, an official with the Social Security Organization of Iran said.

Iranian insurance companies disbursed 147.8 trillion rials ($547 million) in payouts in the first four months of the fiscal year that started in March, posting a year-on-year growth of 39.9%.

Total auto insurance fraud is estimated to be more than 20 trillion rials ($71 million) per year, the National Traffic Police chief said. "We are planning to digitize the car accident reporting…

Insurance companies paid more than 107 trillion rials ($386.2 million) to hospitals and medical centers since the outbreak of Covid-19 pandemic in Iran in February 2020. The amount was the…