Economy, Business And Markets

Insurance Co. Profits Skyrocket

Insurance Co. Profits SkyrocketInsurance Co. Profits Skyrocket

Alborz Insurance profits beat expectations after growing 30 percent for the current fiscal year ending March 2015, said the insurer’s CEO Rasoul Tajdar. The Tehran-based insurer expanded its market share to 6.4 percent from 5.3 percent this year. Alborz is a state-owned insurer with 49 offices and roughly 1,700 representatives around Iran.