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Insurers Anxious About Covid-19 Impact

Insurers Anxious About Covid-19 Impact Insurers Anxious About Covid-19 Impact

Most Iranian insurance companies are pessimistic about the industry's future under the influence of Covid-19.
Even though the direct and short-term blow of the virus on the insurance sector seems to be less than other sectors, the bleak outlook for Iran's economy struggling for extended periods has made insurers anxious about the future of their business. 
Iranian Insurers' Syndicate recently published a report assessing the extent of the virus influence on the key industry. It forecast 13% increase in insurance companies' premium income during the current fiscal year (March 2020-21). 
This is while, insurers posted 32% growth in their generated premium in the previous fiscal year. 

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