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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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... -
May 13,2020Most Iranian insurance companies are pessimistic about the industry's future under the influence of Covid-19. Even though the direct and short-term blow of the virus on the insurance sector seems...
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May 05,2020Iran Insurance Research Center has reviewed the impact of covid-19 spread on the key industry, projecting a decline of 15.07% in premiums in the first quarter (March 21-June 1) of the current...
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April 27,2020Iranian Insurers’ Syndicate has asked the Ministry of Economy for financial aid to the industry burdened by the impact of the coronavirus spread.
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April 19,2020Most Iranian insurance companies have managed to meet the government's requirements regarding minimum capital to be able to operate. Regulations calling for insurance companies' capital threshold...
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April 12,2020Central Insurance company of Iran (CII), the regulatory body of the industry, has issued a license for a new life insurance company ‘Baran Life Insurance’ company. Scheduled to start operation in...
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April 04,2020Insurance companies in Iran generated 528 trillion rials ($3.3 billion) from selling 64.2 million policies during the eleven months to February 21, registering a 38.7% increase in premium and 10%...
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March 13,2020Insurance companies in Iran have provided nearly 4.5 trillion rials ($30 million) to medical centers affiliated to the Ministry of Health to help them overcome financial constraints amid the...
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February 16,2020Nonoperational since 2014, Tose’e Insurance Company says it will return to the market in the coming fiscal year that starts in March. Speaking to reporters, Saeed Afshari, the company's CEO, said...
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February 08,2020Iran Insurance Company, the largest and the only state-owned insurance company in Iran, is planning to increase its capital to 110 trillion rials ($817 million) before the current fiscal year ends...
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February 03,2020Despite risks associated with the country's air fleet, aircraft insurance coverage registered the lowest (18%) loss ratio in the industry' portfolio, allowing insurers to profit larger amounts from...
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January 25,2020The Export Guarantee Fund of Iran is collaborating with insurance companies to expand risk coverage for export companies, the EGFI chief said. Outlining the new strategy of Iran’s main export...
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January 20,2020Domestic insurance companies' total payout in the first nine months of the current fiscal year (March-December 2019) amounted to 220 trillion rials ($1.6 billion), with the auto and medical...
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December 25,2019The insurance industry's profit amounted to 45 trillion rials ($346 million) in the current fiscal year (started March 2019), president of the Central Insurance company of Iran said, adding that...
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December 24,2019The latest appraisal of risk retention capacity of domestic insurance companies has placed state-owned Iran Insurance Company on the top. The rating is a based on financial statements of...
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December 04,2019Economy Minister Farhad Dejpasand says the insurance industry has come of age and can be fully managed by the private sector. Speaking at an insurance event Wednesday, Dejpasand said all...
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December 02,2019The Central Insurance company of Iran has released data about the solvency of insurance firms based on their performance in the previous fiscal year (ended March 2019). The regulator (CII)...
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November 30,2019Insurance penetration in Iran has been rising steadily over the past years, according to the head of the Insurance Research Center, affiliated to the Central Insurance company of Iran. “...
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November 02,2019The head of Central Insurance company of Iran, the regulator of the insurance industry, says insurers’ earnings from selling insurance policy will reach a record of 600 trillion rials ($5.3 billion...
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October 30,2019The Central Insurance company of Iran, the body in charge of supervising the industry, has released the long-awaited annual report on the performance of the insurance sector in the fiscal year that...
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October 12,2019As per new rule passed by the High Council of Insurance, selling insurance policy online requires official permission from the Central Insurance company of Iran. The council announced a framework...
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August 28,2019In 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...
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July 31,2019The Central Insurance company of Iran (CII) has announced data on risk retention and reinsurance capacity for insurance companies based on their last financial report. According to CII website,...
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July 27,2019Insurance industry plans to allow startups to handle 10% of Iran’s insurance market in the current fiscal year that started on March 21, said the head of Central Insurance company of Iran.
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July 15,2019Insurance companies have stopped offering third party vehicle insurance to new vehicles produced by SAIPA, Iran's second-largest automaker, due to the carmaker’s pattern of failure to settle its...
