Insurance Premium Exceeds $266 Million in 1 Month: CII

EghtesadOnline: Insurers took in 139.3 trillion rials ($266.4 million) in premium in the first month of the current fiscal year (March 21-April 20) -- up 67.25% on the same period last year.

News ID: ۷۵۲۵۶۵

29 May 2023

Insurers took in 139.3 trillion rials ($266.4 million) in premium in the first month of the current fiscal year (March 21-April 20) -- up 67.25% on the same period last year.

Medical insurance was again the main revenue source, outperforming the strong and lucrative third-party auto segment for the second month in a row.

The Central Insurance company of Iran (CII) data, insurance companies made 40.4 trillion rials ($76.9 million) selling medical insurance during the period -- 118% higher from the same period last year.

Medical insurance accounted for 29.05% of the collective portfolio in the month -- over and above third-party auto insurance with 27.91%.