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Life Insurers to Expand Options

EghtesadOnline: The Central Insurance company of Iran says it is working on new options to promote and expand life insurance products.
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Publish Date:06/February/2023 | 21:06

Insurance Regulator Prefers Digital Firms

EghtesadOnline: The Central Insurance company of Iran, the industry’s regulator, says it has prioritized licensing to fully digital insurance companies.
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Publish Date:31/January/2023 | 23:16

Report on Risk Retention Limits of Insurance Firms

EghtesadOnline: The Central Insurance company of Iran (CII) has published a report on the risk retention capacity of domestic insurers adding three new companies to the list.
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Publish Date:02/January/2023 | 20:44

Iranian Insurance Companies Premium Income Up 24%

EghtesadOnline: Insurance 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 year.
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Publish Date:04/January/2021 | 18:30

2 Insurance Firms Get Permit

EghtesadOnline: The High Council of Insurance, Iran’s main insurance authority gave the green light to two new insurance companies last week -- Pars Re insurance Company and Charisma Life Insurance Company.
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Publish Date:29/November/2020 | 24:33

Household Spending Increases on Health, Treatment and Insurance

EghtesadOnline: The average Iranian household living in urban areas spent 49.64 million rials ($184) on health in the last fiscal year (March 2019-20), marking a 16.1% increase from 42.75 million rials ($158) they spent in the fiscal 2018-19, according to a report by the Ministry of Cooperatives, Labor and Social Welfare’s Statistics and Strategic Data Center.
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Publish Date:11/November/2020 | 19:41

Survey: Householders Constitute 62% of Unemployment Benefit Applicants

EghtesadOnline: A survey conducted by the Social Security Organization’s Research Institute of over 700,000 applicants of unemployment insurance benefits shows 61.9% of them were the head of households and 27.1% lived in families with another wage earner.
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Publish Date:12/October/2020 | 19:58

New Curbs on Insurance Agents

EghtesadOnline: The 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 companies.
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Publish Date:23/September/2020 | 15:18

Higher Insurance Cover for Exporters

EghtesadOnline: The Export Guarantee Fund of Iran, the main export credit agency, says it doubled credit and insurance services to exporters in the first five months of the current fiscal year (March 20- August 21).
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Publish Date:20/September/2020 | 11:40

IIC Helps Policyholders to Cushion Virus Losses

EghtesadOnline: Iran 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.
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Publish Date:22/August/2020 | 24:41

Marine Insurance Reports Progress

EghtesadOnline: Iranian 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 compared to the same period last year.
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Publish Date:06/July/2020 | 09:29

TCCIM to Hold Course on Social Security Insurance Services

EghtesadOnline: The Education and Human Resources Institute, affiliated with the Tehran Chamber of Commerce, Industries, Mines and Agriculture, is scheduled to hold a course titled “Social Security Insurance Services”.
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Publish Date:01/July/2020 | 13:03

$75m Deposited in Unemployment Insurance Fund

EghtesadOnline: A total of 12,860 billion rials ($75 million) have been deposited into the Social Security Organization’s Unemployment Insurance Fund, according to the Ministry of Cooperatives, Labor and Social Welfare.
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Publish Date:18/May/2020 | 05:57

Insurance Industry Struggling to Survive

EghtesadOnline: Iran 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 fiscal year.
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Publish Date:06/May/2020 | 10:40

Payout Ratio of Insurers Declines

EghtesadOnline: Domestic 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 categories topping the list of claimants.
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Publish Date:21/January/2020 | 24:55

Insurance Penetration Rate Rising

EghtesadOnline: Insurance 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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Publish Date:01/December/2019 | 11:26

Cyber Insurance Planned for Banks

EghtesadOnline: Central Insurance company of Iran (CII), the regulatory body of Iran’s fast growing insurance industry, is working on a scheme to cover bank accounts against cyberattacks.
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Publish Date:23/October/2019 | 11:34

FINEX 2019 Opens

EghtesadOnline: The 12th Bank, Exchange & Insurance Exhibition (FINEX 2019) opened on Monday at Tehran’s International Fairground.
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Publish Date:23/April/2019 | 13:05