Iran Insurance News

The head of Sanhab Company, the body in charge of managing the online database of insurance industry, says startups are not obliged to connect to the regulatory body’s central API gateway.…

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%,…

Economy Minister Ehsan Khandouzi has called on policymakers to come up with workable roadmaps to expand growth of the key insurance sector and boost its role in the economy. 

Iran's insurance market logged noteworthy growth in the first 11 months of calendar year (ended Feb 19), with the total insurance premiums reaching 1,546 trillion ($3.09 billion).  The y/y…

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…

The Central Insurance company of Iran, the industry’s regulator, says it has prioritized licensing to fully digital insurance companies.

Insurers generated 1,268 trillion rials ($3.12 billion) in premium in the first nine months of the current fiscal year (ends March) -- up 58.4% on the same period last year.  Medical…

The parliamentary board responsible for monitoring government approvals’ compatibility with the law has rejected a decision by the government requiring the Central Insurance company of Iran (CII…

Insurers generated 1,097 trillion rials ($3.048 billion) in premium in the first eight months of the current fiscal year (started late March), posting 57.79% growth on the same period last year…

Medical insurance emerged as the main source of revenue for insurers in the first seven months of the current fiscal year (started late March 2022), out earning the lucrative third-party auto…

The increasing number of fraudulent medical claims has emerged as a challenge for insurers and experts say electronic prescriptions plus data sharing platform can help tackle the problem.…

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,…

Insurers affiliated to banks topped the list of general insurance firms able to cover losses, according to the latest ranking published on the Central Insurance company of Iran (CII).  The…

The Central Insurance company of Iran (CII) and the Vice Presidency for Science and Technology signed an agreement Monday to ease the entry of knowledge-based companies in the insurance sector…

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…

The government has approved new rules requiring the Central Insurance company of Iran (CII) to create policy mechanisms for effectively supporting insurance startups. 

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,…

In its latest appraisal of risk retention capacity of insurers, the Central Insurance company of Iran (CII) gave Iran Insurance Company (IIC) the top spot.  According to a report seen on…

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.

Insurance startups continue to insist that the Central Insurance company of Iran, the regulator, cannot set up a third-party company for handling affairs related to online insurance services.

Saman Insurance company, affiliated to Saman Bank, says it will soon offer new packages exclusively for Iranian firms doing business with Iraq.