Liability Insurance Has Premium Potential

Liability insurance policies account for about 5% of insurance firms' annual premium income and experts believe that the category has the potential to play a bigger role in insurers' portfolios if they are able to promote it and reduce costs.
Bimeh Dari Novin, a local magazine specializing in the insurance industry in Iran, recently discussed the state of the liability insurance category with experts and representatives from insurance companies.
Ahmad Safarzadeh, Iran Insurance Company's deputy head for technical affairs, said liability insurance policies could have a 12% share in the sector’s premium income.