Insurers Increase IT Investment

Private insurance companies recorded 89% increase in collective investment in IT projects in the last Iranian year (ended March 2021), a recent study shows.
Risknews reviewed private insurance companies’ financial statements for the year, according to which 934 billion rials ($3 million) went into expanding IT infrastructure. The year before the amount 440 billion rials.
Parsian Insurance Company, affiliated to Parsian Bank, topped the list with 130 billion rials. Saman Insurance owned by Saman Bank was next with 116 billion rials, followed by Asia Insurance.
Novin Insurance Company, affiliated to EN Bank, was at the bottom end along with Ta’avon Insurance and Moallem Insurance.