CII Cuts Reinsurance Share 

The Central Insurance company of Iran (CII), the industry’s regulator, has reduced the share of mandatory reinsurance both in life and non-life segments for the current fiscal year to help empower reinsurance companies. 
As per a notice seen on Risknews website, insurance companies are required to pay 17% of their premium income from life insurance and 9% of the premium from selling non-life insurance to the CII.
This share was 20% for life insurance and 10% for non-life insurance policies in the last Iranian fiscal year that ended in March.