There has been a substantial growth in the value of coverage provided by Mining Investment Insurance Corporation to investors in the mining sector in the previous Iranian year (ended March 20, 2018), the head of the organization said. “MIIC issued 14 credit and operating insurance policies and 19 investment policies last year collectively worth 2,125 billion rials [$50 million],” Farid Dehqani was also quoted as saying by the Persian daily Donya-e-Eqtesad on Saturday. “It indicates a significant increase in the value of issued insurance policies, compared to the year before when the figure stood at 409 billion rials [$9.7 million],” he said. Dehqani noted that the insurance company has paid out over 115 billion rials [$2.7 million] to settle claims on credit and exploration insurance last year.
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