Insurers Increase Capital to Meet Gov’t Requirements

Most Iranian insurance companies have managed to meet the government's requirements regarding minimum capital to be able to operate. 
Regulations calling for insurance companies' capital threshold, published by the Central Insurance company of Iran, show that all companies have managed to increase their capital by April 16, except for Tose'e Insurance Company, which now is not in business. 
The government set new minimum capital requirements for insurers in 2017. It says at least 1 trillion rials ($6.2 million) is needed for eligibility of operation license for insurance firms in the mainland.