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Payout Ratio of Insurers Declines

Payout Ratio of Insurers Declines Payout Ratio of Insurers Declines

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 categories topping the list of claimants.
Insurers paid out 24.2% more year-on-year during the nine-month period, according to a report by IRNA. 
As per data released by the Central Insurance company of Iran, insurers’ premium reached 430 trillion rials ($3.3 billion) during the period -- 41% higher than the same period last year.

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