Insurance Firms Are Improving Key Metric

Insurance companies in Iran managed to improve their solvency margin ratio in the last fiscal year (ended March) to acceptable levels, an official with the Central Insurance company of Iran, the regulatory body of the sector, said.
“The CII has been working closely with low-solvency insurance firms. They were required to submit plans for improving their financial status and the measures were supervised by the CII.
As a result, no insurance company had solvency lower than Level 2 last year,” Mofid Amini, the CII’s deputy for supervision, was quoted as saying by Payam-e-Bimeh news website.