Iran Insurance News
Get the latest news and statistics about Iran insurance and reinsurance markets, operation of foreign insurers in Iran
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August 10,2021Liability insurance policies account for about 5% of insurance firms' annual premium income and experts believe that the category has the potential to play a bigger role in insurers' portfolios if... -
August 06,2021The Central Insurance company of Iran, the regulatory body of the industry, issued permission for the establishment of a general insurance company last week to improve and expand services. Farda...
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August 03,2021The chief executive of Amin Re, a privatized reinsurance company, said increasing the number of low-capital reinsurance firms is unlikely to lift the industry, calling on those in charge to help...
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August 01,2021The Central Insurance company of Iran, the regulatory body of the industry, expects growth in insurance companies' premium income in the current fiscal year (ends March 2022), despite the hurdles...
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July 19,2021A recent study shows that insurance companies are now more interested in developing and offering innovative insurance services. Bemieh-Dari Novin Magazine, a journal that covers the insurance...
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June 27,2021The Central Insurance company of Iran has banned seven companies from selling third-party auto insurance policies because of their failure to meet CII's deadline for cutting ties with unauthorized...
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June 20,2021The Central Insurance company of Iran's recent decision to ban companies from selling policies via unauthorized websites has created a stir. CEOs of major but unauthorized insurance applications...
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June 19,2021The Central Insurance company of Iran Thursday warned insurance companies and agents against offering services through unauthorized applications and websites. As per a notice published by Risknews...
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June 11,2021Innovators and experts have again criticized insurance companies for their aversion to technological developments. Speaking at a conference in Tehran, Hamed Valipour, the founder of Bimito...
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May 29,2021The 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 of...
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May 20,2021Insurance companies are required to enhance resilience and increase their capital before the current fiscal year is out in March, head of the Central Insurance company of Iran said. Underscoring...
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May 18,2021Iran Insurance Company, the sole state-owned and largest domestic insurance company has finalized its long-awaited plans for boosting capital, the CEO said. "IIC's board has approved increasing...
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May 05,2021Iran Insurance Company, the largest player and the only firm owned by the government, will boost its capital by 200 trillion rials ($910 million). According to Risknews, the measure was proposed...
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April 29,2021Insurance 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 Central...
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April 26,2021Iranian insurance companies generated 817.3 trillion rials ($3.43 billion) in premium income in the last fiscal year (March 2020-21) posting 37.8% growth compared to the year before. Data released...
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March 17,2021The Central Insurance company of Iran, the industry regulator, has increased the premium for compulsory third-party auto insurance by 37% for the next fiscal year (starts March 21), following the...
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March 13,2021The total number of health insurance policies sold by Iranian companies in the first eleven months of the current fiscal year (ends March 20) plunged 90% to 372,886. According to the figures...
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February 28,2021The High Council of Insurance, the top regulatory body of Iran’s insurance industry, has approved a proposal for establishing a reinsurance company.
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February 21,2021Iranian insurance companies paid 94.25 trillion rials ($348.6 million) in medical claims in the first ten months of the current fiscal year that ends in March, posting 29.14% increase compared to...
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January 03,2021Insurance companies in Iran generated 48.01 trillion rials ($192 million) in premium during the first eight months of the fiscal year (March-Nov 2020) up 23.9% compared to the same period last...
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December 29,2020Central Insurance company of Iran has proposed amending the third-party auto insurance law to remove the ceiling on claims by owners of expensive cars. “The insurance industry believes that there...
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December 14,2020Iran Insurers’ Syndicate has called on the government to release details about how third-party auto insurance tax revenue is spent. The syndicate has strongly opposed imposing higher taxes on...
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December 09,2020Insurance companies paid 26 trillion rials ($104 million) to hospitals and medical centers mostly to compensate medical bills related to Covid-19, head of the Central Insurance company of Iran said...
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December 05,2020The Central Insurance company of Iran, the industry’s regulatory body, is in the process of setting up a special fund to cover 30 million homes against natural disasters.
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November 29,2020The High Council of Insurance, Iran’s main insurance authority gave the green light to two new insurance companies last week -- Pars Reinsurance Company and Charisma Life Insurance Company. Pars...
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