Marine Insurance Policies Plummet
Economy, Business And Markets

Marine Insurance Policies Plummet

Central Insurance of Iran’s safety and damage prevention department has released statistics on its marine coverage performance.

Domestic insurance companies paid 367.9 billion rials ($12.3 million at the official exchange rate) for marine insurance claims during the last calendar year (ended March 20, 2015). According to the figures, insurers issued 537 policies for ships, indicating a huge drop of 83% compared to the previous year’s 3,169 policies.

However, insurers’ total premium revenues reached 1.351 trillion rials ($45.1 million), showing a notable decline of a little less than 20%compared to the previous year’s 1,685 trillion rial ($55.4 million).

Insurers have indemnified losses for 358 marine insurance claims, 18 of which were worth over three billion rial ($1 million).



Short URL : https://goo.gl/UUyk59
  1. https://goo.gl/b6Qvoa
  • https://goo.gl/EqBmxv
  • https://goo.gl/XDXAnq
  • https://goo.gl/grwpvR
  • https://goo.gl/c3abCj

You can also read ...

Italian investment companies remain active in Iran, despite...
Iran, India Leading Global Ammonia Capacity Growth
Iran and India will continue to lead the global ammonia market...
Iran-Russia Non-Oil Trade Sees Over 80 Percent Hike (September 2018)
Iran traded 956,662 tons of non-oil commodities worth close to...
US Sanctions Against Iran Ridicule Int'l Norms
Foreign Ministry Spokesman Bahram Qasemi on Wednesday...
Iranian Insurance Firms' Premium Income Exceeds $1.2b in H1 (Mar-Sep 2018)
Iran insurance industry earned 183 trillion rials ($1.28...
Iran Auto Industry Hither and Thither
Over the past few days, Iran’s beleaguered auto industry has...
First-Timers Constitute 20% of Tehran Homebuyers
First-time homebuyers have accounted for a 20% share of total...
Iran Slips 1 Spot in WEF's Global Competitiveness Index
The World Economic Forum’s “Global Competitiveness Report 2018...