Risk Retention, Reinsurance Caps Announced
Risk Retention, Reinsurance Caps Announced
Tuesday, March 06, 2018

Risk Retention, Reinsurance Caps Announced

Tuesday, March 06, 2018

Risk Retention, Reinsurance Caps Announced

The Central Insurance of Iran has announced the latest risk retention and inward reinsurance capacity allowed for insurance companies. According to data published by the industry’s regulator on its website, the major state-owned Iran Insurance Company is ranked first in terms of risk retention capacity at 17.75 trillion rials ($398 million) and Alborz and Asia insurance companies are next with a respective 2.71 trillion rials ($60.62 million) and 2.47 trillion rials ($55.25 million). In addition to the two specialized Amin Re and Iranian Re, only four insurance companies, namely Iran, Pasargad, Mellat and Iran Moein, are allowed to accept reinsurance. The state-run Iran Insurance Company is once again at the top with a capacity of equal to 8.88 trillion rials ($199 million).


To continue reading this article log in to your account, or join us now and get a free trial which includes access to this specific story.

You will not be charged for your trial and there is no obligation to purchase.

Create an account or sign in

Short URL : https://goo.gl/z5qoav
  1. https://goo.gl/ciDh6f
  • https://goo.gl/jMV2rs
  • https://goo.gl/akW6sR
  • https://goo.gl/izbCv1
  • https://goo.gl/4bMAuG

You can also read ...

Asian and European economic support for Iran offers the potential to improve existing alternative international trade links and develop new links.
While American President Donald Trump has withdrawn from the...
1st USD Rate Hike After Unification
For the first time after the government decided to unify the...
Uber Chief Product Officer to Leave
Uber Technologies Chief Product Officer Jeff Holden is leaving...
Tesla Model 3
Elon Musk’s Model 3, once touted as Tesla’s $35,000 car for...
The number of foreign students enrolled in Iranian universities increased by 19% in the last Iranian year (ended March 20, 2018) compared to the year before.
Currently, some 55,000 foreign students are studying in...
Iranians’ per capita honey consumption is 1 kilogram per year, while it is around 200 grams in other countries.
Iran has made noticeable progress in honey production, as it...
Efforts Underway to Unblock Iranian Accounts in Georgia
Efforts are underway to unblock some bank accounts belonging...
HSA is aimed at promoting homeownership among young couples.
The idea of tapping into the reserves of the National...

Add new comment