Insurance Settlements Rise
Economy, Business And Markets

Insurance Settlements Rise

Iranian insurance companies paid 35.2 trillion rials ($1.2 billion at the official exchange rate) in claims settlement to policyholders during the first four month of the calendar year (started March 21) marking a 19.6%  increase year-on-year. The top insurer, ‘Central Insurance Co.’ announced that compared to last year, earnings of insurance firms improved  10.6% reaching 63.2 trillion rials ($2.1 billion), ISNA reported. According to the figures, third party vehicle insurance accounted for 39.4% of the total premiums followed by car insurance 12.2% and life insurance 6%. Third party insurance comprised 36.9% of the total compensations followed by health insurance 35.9%. Car and life insurances accounted for 7% and 6.7% respectively for the total payments to policy holders.   The report shows that during the said period 13.9 million insurance policies were sold, a 5.7% growth from a year earlier.


Short URL : https://goo.gl/Zq582Z
  1. https://goo.gl/TjjPJ5
  • https://goo.gl/sXWTTQ
  • https://goo.gl/A4yMF5
  • https://goo.gl/qE1AhV
  • https://goo.gl/LTCEHl

You can also read ...

Windfall Taxation on Gold Coin, Forex Trading
Government is to levy taxes on gold coin and foreign currency...
BMW, Mercedes Boxed in  by Tariff Battles
US President Donald Trump’s escalating trade spat threatens to...
Iran Could Join Russia’s Regional Payment Network
Russia is looking to establish a regional payment network in...
China Auto Firms to Set Up Ride-Sharing Platform
Chinese firms FAW Group, Dongfeng Automobile and Chongqing...
Challenges Ahead for Banking System
The chief executive of Bank Refah said limited overseas...
IMIDRO Concludes Largest Aerial Geophysical Survey
Iran’s largest mining holding has concluded the last stage of...
Exports From Fars Province Hit $1.3b
Exports from Iran’s southern Fars Province saw a 25% rise...
Non-Oil Exports From Shahid Rajaee Port Grow 3.8%
Non-oil exports from the southern Shahid Rajaee Port during...