Insurance Premium Income Grows 41%

Insurance companies generated 602 trillion rials ($2.09 billion) through selling 38.5 million policies in the first seven months of Iranian year (started March 2021).
Central Insurance company of Iran data show insurers posted 41.2% growth in total premium income on the same period last year. The number of policies sold grew by 2.52% y/y.
As has been seen over the years, third-party auto insurance accounted for the largest portion of premium income in the said period -- 213.4 trillion rials ($743.5 million) or 35.4% of the total. This amount was 45.8% higher compared to the corresponding period a year ago.
More than 13.2 million insurance policies were sold during the period, 0.02% higher than the previous year.