Iran Insurance News
Get the latest news and statistics about Iran insurance and reinsurance markets, operation of foreign insurers in Iran
-
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... -
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...
-
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...
-
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.
-
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...
-
November 26,2020Following approval by the Majlis and Guardian Council, the long-awaited Natural Disaster Insurance Fund will be established in the next fiscal year. It will cover homes against all natural...
-
November 22,2020The High Council of Insurance, the top regulatory body of Iran insurance industry, is expected to grant operational license to a new reinsurance company in the near future. Pars Reinsurance...
-
November 07,2020Iranian insurance companies are working to develop an integrated insurance market platform, to help insurers efficiently transfer risks to reinsurance companies. The integrated market is expected...
-
November 04,2020The Central Insurance company of Iran, the body in charge of regulating the industry, announced that four new insurance companies will open soon "Investors are interested in starting insurance...
-
October 18,2020The insurance industry's total premium is expected to fall short of expectations in the current Iranian fiscal year, largely due to the ruinous Covid-19, rising inflation and forex rates at...
-
September 22,2020The Central Insurance company of Iran, the regulatory body of the market, has warned agents against receiving insurance premium stressing that premiums must be paid directly to the insurance...
-
September 13,2020The Central Insurance company of Iran, the regulatory body of the industry, and a private insurance firm have crafted a new package for covering losses to the business community due to the...
-
September 01,2020The Central Insurance company of Iran, the regulatory body, has plans to require insurers to convert all insurance procedures into digital format by the end of the current fiscal year in March 2021...
-
August 24,2020Following digitizing plans for the insurance industry, the Central Insurance company of Iran Monday unveiled new supervisory platforms for the transport and fire insurance categories. The CII...
-
August 21,2020Iran Insurance Company has given 15 trillion rials ($65 million) in credit to policyholders who could not afford to pay their premiums due to the problems created by Covid-19. "The credit was...
-
August 15,2020The Central Insurance company of Iran, the supervisory and regulatory body of insurance industry, has notified insurance companies to improve their performance and take action against agents...
-
August 12,2020Iranian insurance companies cover nearly $500 billion worth of risks, says Gholamreza Soleimani, president of the Central Insurance company of Iran (CII) – regulator of the insurance industry. "...
-
July 05,2020Iranian insurance companies generated 270 billion rials ($1.35 million) selling marine insurance policies in the first two months of current fiscal year (started March 2020) to register 65% growth...
-
July 03,2020Data released by the Central Insurance of Iran, the body in charge of supervising the industry, shows that the Covid-19 pandemic has impacted the business of insurance companies in various aspects...
-
June 28,2020Insurance companies collectively generated about 86 trillion rials ($357 million) in premiums in the first two months (March 20-May 20) of the current fiscal year, marking 31.4% growth compared to...
-
June 24,2020Saman Insurance Company has extended its frontier by launching a subsidiary insurance company in Iraq. According to a press release published on the company's website, the insurer aims to help...
-
June 21,2020Data released by the Iranian insurance regulator show that insurers managed to increase their premium income by selling less popular insurance types such as fire and liability insurance.
-
June 13,2020The Central Insurance company of Iran in charge of regulating the industry, has released a report on the performance of the key sector in the previous fiscal year (March 2019-2020) saying insurers...
-
May 22,2020Most insurance companies have stopped issuing personal auto policies, following orders from the Central Insurance company of Iran (CII) to digitize their operations in this category. But it has...
-
May 17,2020The Central Insurance company of Iran has ordered insurance companies to convert before the end of the week all personal auto policies into electronic format. Gholamreza Soleimani, the CII chief...
