Insurance companies paid 62.2 trillion rials ($207.3 million) to agents in the last fiscal year (ended March 2021), marking 44.2% growth compared to the year before.
The Central Insurance company of Iran, the supervisory body, published its annual report on the performance of insurance companies that shows 10.6% of their premium income was paid to agents during the year.
According to CII, insurance companies affiliated to banks relied more on their sales network for boosting revenue and rewarded agents with higher commissions.
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