Central Insurance of Iran Notifies Risk Retention, Reinsurance Caps

The Central Insurance company of Iran announced the risk retention and reinsurance capacity for insurance companies.
According to data published by the CII website, the main state-owned Iran Insurance Company is ranked first in terms of risk retention capacity and can accept risks worth at 18.61 trillion rials ($141.5 million).
It is followed by Asia and Alborz insurance companies, in both of which the government has a stake, with respective risk retention capacities of more than 3.5 trillion rials ($26.7 million) and 3.14 trillion rials ($23.9 million)  respectively. 
Parsian and Dana insurance companies are among the top five list with capacities of more than 2.49 trillion rials and 2.26 trillion rials respectively.