Central Insurance of Iran (CII) News

Majid Moshalchi, the deputy chief of the Central Insurance company of Iran (CII), the industry regulator, has disclosed details about ten major brokers and agents with major debts to the…

Iran's insurance market reported decent growth in the last fiscal year (March 2022-23), with the total premium income reaching 1,754 trillion ($3.2 billion).  The y/y growth was 49.95%,…

The Central Insurance company of Iran (CII) has launched its long-awaited innovation center to promote innovative solutions for growing sector. Speaking at the opening ceremony of the center on…

In its last appraisal of risk retention capacity, the Central Insurance company of Iran (CII) allowed 18 companies to accept higher risks.  According to a report seen on the CII website,…

Iran's insurance industry is set to improve the quality of services with a four-year transformation plan, head of the Central Insurance company of Iran (CII), the industry’s regulator, said.…

The Central Insurance company of Iran (CII), the regulatory body of the industry, has agreed to revise the operative mechanism of a controversial gateway to make it compatible with startup…

Insurance companies in close collaboration with the regulator are developing innovative insurance packages to build and expand services in the rapidly growing industry, head of the Central…

The Central Insurance company of Iran is to launch two platforms to ease auto accident reporting, in collaboration with the Traffic Police and knowledge-based companies. Majid Behzadpour, the…

Iranian Insurance Brokers' Association has voiced support for the Central Insurance company of Iran's controversial decision to launch a central gateway for managing online broker operations.…

Insurance startups say implementing measures that promote competitiveness by the regulator is the key for the growth of the sector.  Officials from the Central Insurance company of Iran,…

The Central Insurance company of Iran, the industry’s regulator, has required insurers to get approval before selling insurance policies worth higher than the set caps in several categories.

The Central Insurance company of Iran (CII), the industry’s regulator, has reduced the share of mandatory reinsurance both in life and non-life segments for the current fiscal year to help…

The Central Insurance company of Iran (CII) published a report on the industry's performance saying the number of branches and insurance agents increased in the last fiscal year that ended in…

The Central Insurance company of Iran (CII), the state regulator of the industry, says it has launched a special unit to support insurtech startups. Promoting insurance-related startups was…

The Central Insurance company of Iran, the regulator of the sector, is planning to put an end to its supremacy over the reinsurance market by increasing the number of players,  head of the…

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…

A proposal by the Central Insurance company of Iran for removing the payout cap on third-party auto insurance loss of expensive cars has been approved by the government and sent to the…

The Central Insurance company of Iran's recent decision to ban companies from selling policies via unauthorized websites has created a stir.  

The insurance industry regulator says more insurance companies is a necessity for increasing the penetration rate of insurers and enhancing service quality, head of the Central Insurance company…

Insurance and life insurance companies sold 7.14 million life insurance policies in the last Iranian year that ended in March, posting 4.5% growth compared with the year before.  The…

In its new appraisal of risk retention capacity of domestic insurers, the Central Insurance company of Iran (CII) has changed the rank of two insurance firms. According to a report published on…

A couple of foreign insurance companies are determined to invest in Iran in the next two or three months, the president of the Central Insurance of Iran said.

"Foreign companies have been…

The Central Insurance of Iran has finalized assessing insurance firms’ solvency margin ratio for the current fiscal year (started March 20, 2016), according to which 17 out of 26 firms have been…

The government aims to promote competition in the insurance industry, the economy minister said at an annual event held to mark National Insurance Day on Saturday.

"We are looking to make…

Munich Re, the world’s top reinsurance company, is prepared to offer reinsurance coverage for life insurance and non-life insurance categories to Iranian firms.