Marine Insurance Reports Progress

Iranian insurance companies generated 270 billion rials ($1.35 million) selling marine insurance policies in the first two months of current fiscal year (started March 2020) to register 65% growth compared to the same period last year. 
Data released by the Central Insurance company of Iran (CII) shows that despite growth, marine insurance share in the insurance industry’s total premiums is less than 1%.
Insurance companies collectively generated 86 trillion rials ($323 million) in premium in the first two months (March 20-May 20) of the current fiscal year, marking 31.4% growth compared to the same period last year.