Insurers Improve Solvency Ratio

Most Iranian insurance companies managed to improve to level 1 in the fiscal 2020-2021 fiscal year, the Central Insurance company of Iran reported.
According to Risknews, except for Asmari Insurance Company, with a level 2 rate, all others were ranked in level 1, which means the companies are capable of meeting their financial commitments to policyholders.
The CII has compartmentalized insurance firms into different levels wherein higher levels indicate weaker solvency. Rankings are set depending on the key metric, the Solvency Margin Ratio (SMR). The metric is the capability to cover exposed risks.