Iran: Bank-Affiliated Insurers Rise on CII Ranking List

Insurers affiliated to banks topped the list of general insurance firms able to cover losses, according to the latest ranking published on the Central Insurance company of Iran (CII). 
The CII has compartmentalized insurance firms into different levels. Rankings are subject to a key metric, the Solvency Margin Ratio (SMR) -- the capacity to cover risk.  
Except for Asmari Insurance Company and Sarmad Insurance Company, with Level 2, all others were elevated to Level 1 for the fiscal year to March 2022, which means the companies were capable of meeting their financial commitments to clients.
Pasargad Insurance Company, affiliated to Bank Pasargad, topped the list of general insurers, with a solvency ratio of 304. Karafarin Insurance, affiliated to Karafarin Bank, came in second at 262 while Arman Insurance, Saman Insurance and Razi Insurance followed.