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Iran Insurance Premiums Up 21% in 2017-18

Total volume of claims paid by Iranian insurers during last year reached 211.2 trillion rials ($5 billion), which indicated a year-on-year growth of 16.4%
Insurance companies issued 61 million policies last year.Insurance companies issued 61 million policies last year.
Fire policies accounted for 3 million of the total insurance policies while life insurance policies also amounted to 3 million

Iran’s insurance companies absorbed 335.9 trillion rials ($7.96 billion) in premiums during the previous fiscal year that ended on March 20, 2018, up by 21.1% when compared with the year before, the head of Central Insurance of Iran said.
Abdolnasser Hemmati added in a statement published on CII’s website that the total volume of claims paid by Iranian insurers during last year reached 211.2 trillion rials ($5 billion), which indicated a year-on-year growth of 16.4%.
The statistics have been disclosed three months after the previous year ended while they are preliminary and highly selective. 

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