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Bank-Affiliated Insurers Show Prowess

Bank-Affiliated Insurers Show Prowess
Bank-Affiliated Insurers Show Prowess

A recent comparative study of insurance companies shows firms affiliated to bank-affiliated companies had a better peformance
A recent comparative study of insurance companies showe that companies affiliated to banks managed to outperform their peers in the last fiscal year.
The study was conducted by Tejarat-Nou Insurance Company, based on the insurers' financial reports publicly available on Codal platform, after the state-owned giant Iran Insurance Company, released its annual statement last week.
Saman Insurance Company, affiliated to Saman Bank, topped the list of insurance companies in terms of net profit ratio during the fiscal year to March 21, 2021. The company had a net profit margin of 53%.

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