Aircraft Insurance Shows Lowest Loss Ratio

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 from the premiums. 
Central Insurance company of Iran data show that insurers generated 2.78 trillion rials ($21 million) from plane insurance policies during the fiscal year that ended in March 2019 -- up 44% compared to the year before. 
Payouts by the insurance firms in this category totaled 665 billion rials ($5.1 million). The 40% growth in their paid losses is hardly a surprise given the age of the national air fleet, and the fact that new planes cannot be bought due to the US restrictions.