Regulator Updates Risk Retention Limits of Insurers

EghtesadOnline: The Central Insurance company of Iran (CII) has reported on the risk retention capacity of domestic insurers adding new companies to the list.

News ID: ۷۵۲۳۹۴

11 April 2023

The Central Insurance company of Iran (CII) has reported on the risk retention capacity of domestic insurers adding new companies to the list.

According to the CII website, the state-owned Iran Insurance Company topped the list and can now handle 51.13 trillion rials ($102 million) in risks in different categories.

Pasargad Insurance Company, affiliated to Bank Pasargad, was second with 13.7 trillion rials ($31.4m) worth of risks.

Asia Insurance Company came in third with 13.3 trillion rials ($26.7m) followed by Dana Insurance Company at 12.3 trillion rials ($24.6m).