Iran Insurance News

Insurance companies in Iran have provided nearly 4.5 trillion rials ($30 million) to medical centers affiliated to the Ministry of Health to help them overcome financial constraints amid the…

Nonoperational since 2014, Tose’e Insurance Company says it will return to the market in the coming fiscal year that starts in March.  Speaking to reporters, Saeed Afshari, the company's…

Iran Insurance Company, the largest and the only state-owned insurance company in Iran, is planning to increase its capital to 110 trillion rials ($817 million) before the current fiscal year…

Despite risks associated with the country's air fleet, aircraft insurance coverage registered the lowest (18%) loss ratio in the industry' portfolio, allowing insurers to profit larger amounts…

The Export Guarantee Fund of Iran is collaborating with insurance companies to expand risk coverage for export companies, the EGFI chief said.  Outlining the new strategy of Iran’s main…

Domestic insurance companies' total payout in the first nine months of the current fiscal year (March-December 2019) amounted to 220 trillion rials ($1.6 billion), with the auto and medical…

The insurance industry's profit amounted to 45 trillion rials ($346 million) in the current fiscal year (started March 2019), president of the Central Insurance company of Iran said, adding that…

The latest appraisal of risk retention capacity of domestic insurance companies has placed state-owned Iran Insurance Company on the top.  The rating is a based on financial statements of…

Economy Minister Farhad Dejpasand says the insurance industry has come of age and can be fully managed by the private sector.  Speaking at an insurance event Wednesday, Dejpasand said all…

The Central Insurance company of Iran has released data about the solvency of insurance firms based on their performance in the previous fiscal year (ended March 2019).

Insurance penetration in Iran has been rising steadily over the past years, according to the head of the Insurance Research Center, affiliated to the Central Insurance company of Iran.  “…

The head of Central Insurance company of Iran, the regulator of the insurance industry, says insurers’ earnings from selling insurance policy will reach a record of 600 trillion rials ($5.3…

The Central Insurance company of Iran, the body in charge of supervising the industry, has released the long-awaited annual report on the performance of the insurance sector in the fiscal year…

As per new rule passed by the High Council of Insurance, selling insurance policy online requires official permission from the Central Insurance company of Iran. 

In its new appraisal of risk retention capacity of domestic insurers, the Central Insurance company of Iran (CII) has changed the rank of two insurance firms. According to a report published on…

The Central Insurance company of Iran (CII) has announced data on risk retention and reinsurance capacity for insurance companies based on their last financial report. According to CII…

Insurance industry plans to allow startups to handle 10% of Iran’s insurance market in the current fiscal year that started on March 21, said the head of Central Insurance company of Iran.

Insurance companies have stopped offering third party vehicle insurance to new vehicles produced by SAIPA, Iran's second-largest automaker, due to the carmaker’s pattern of failure to settle its…

The share of life insurance in the overall portfolio of the Iranian insurance industry is meager which has reduced the overall penetration rate of insurance cover in the country of 80 million…

The governor of the Central Bank of Iran announced in an Instagram post Sunday a plan to create a universal insurance fund to cover losses inflicted by natural disasters. 

The Majlis Research Center in a report has looked into the performance of Iran’s gradually expanding insurance industry.  In terms of insurance penetration, which is the ratio of premiums…

Fitch, the global ratings agency has predicted that Iran's insurance sector will record an average of 15% growth a year in the next five years, as the partial easing of sanctions against the…

The Central Insurance Company of Iran released data about the solvency of 29 insurance companies for the current fiscal (ends in March 2019), according to which 20 firms have solvency level 1,…

Head of the Central Insurance company of Iran says domestic insurance firms are providing cover to oil tankers and marine and aviation transportation sectors. Gholam Reza Soleimani said CII…

With 14 new reinsurance companies emerging around the time the US re-sanctioned Iran, capacity of the reinsurance industry expanded by 9.2 trillion rials ($80 million), enhancing its ability…