Insurance Industry Regulator Projects Growth Despite Snag

The Central Insurance company of Iran, the regulatory body of the industry, expects growth in insurance companies' premium income in the current fiscal year (ends March 2022), despite the hurdles faced by insurers.
"The sector managed to generate 820 trillion rials ($3.43 billion) during the previous fiscal year. This is projected to exceed 1,100 trillion rials ($4.3 billion), this year," Gholamreza Soleimani, the CII head was quoted as saying by Risknews during the CII's annual board meeting.