tag Insurers

Insurers Increase IT Investment

EghtesadOnline: Private insurance companies recorded 89% increase in collective investment in IT projects in the last Iranian year (ended March 2021), a recent study shows.
|
Publish Date:06/November/2021 | 16:39

Medical Insurance Needs to Change Tack

EghtesadOnline: Unprofessional approach of insurers in underwriting medical insurance policy categories could inflict considerable loss on the insurance industry's performance in the coming years.
|
Publish Date:07/January/2020 | 13:30

CII Updates Insurers ’ Risk Retention Limits

EghtesadOnline: The Central Insurance company of Iran (CII) has released a report on the risk retention capacity of domestic insurers adding three new companies to the list.
|
Publish Date:17/July/2023 | 22:49

Insurers Urged to Expedite Payouts

EghtesadOnline: Insurers ’ delay in the settlement of dues of medical centers and drugstores has disturbed the supply chain of medicine in the country and contributed to a shortage of medicine and a rise in prices.
|
Publish Date:04/July/2023 | 22:33

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.
|
Publish Date:06/February/2023 | 21:06

Insurers Want to Know Where Gov’t Spends Their Tax Money

EghtesadOnline: Iran 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 insurance companies.
|
Publish Date:14/December/2020 | 17:00

Insurers Feel the Heat

EghtesadOnline: The 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 historic highs, the president of the Central Insurance company of Iran (CII) said.
|
Publish Date:19/October/2020 | 18:31

Insurers Offer New Pandemic Coverage

EghtesadOnline: The 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 coronavirus.
|
Publish Date:14/September/2020 | 13:10

Wake-Up Call for Insurers

EghtesadOnline: The 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 violating online sales and marketing regulations.
|
Publish Date:16/August/2020 | 15:17

Iranian Insurers Count Cost of Covid-19

EghtesadOnline: Data 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.
|
Publish Date:04/July/2020 | 09:28

Iranian Insurers Get Good Grades

EghtesadOnline: The 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 reported 35.7% growth in their premium income compared to the year before.
|
Publish Date:14/June/2020 | 10:01

Insurers Anxious About Covid-19 Impact

EghtesadOnline: Most Iranian insurance companies are pessimistic about the industry's future under the influence of Covid-19.
|
Publish Date:14/May/2020 | 17:57

Aircraft Insurance Shows Lowest Loss Ratio

EghtesadOnline: Despite 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 the premiums.
|
Publish Date:04/February/2020 | 13:07

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.
|
Publish Date:21/January/2020 | 24:55

Insurers Report 33% Growth in Premium

EghtesadOnline: The 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 ended in March 2019.
|
Publish Date:02/November/2019 | 11:35

Risk Retention Cap for Insurers Announced

EghtesadOnline: A report by the Central Insurance company of Iran (CII), rating domestic insurers based on their risk retention capacity, placed the state-owned Iran Insurance Company at the top of list.
|
Publish Date:06/October/2019 | 14:05

New Risk Retention Capacity for Iranian Insurers

EghtesadOnline: In 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.
|
Publish Date:31/August/2019 | 10:51

Deadbeat Carmaker on Wrong Side of Insurers

EghtesadOnline: Insurance 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 mountain of debts.
|
Publish Date:16/July/2019 | 10:26