tag Insurance Industry

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.
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Publish Date:07/January/2020 | 13:30

Earnings Boom for Insurance Company Agents

EghtesadOnline: The 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 agents and brokers had a big share of the gains.
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Publish Date:28/December/2019 | 13:07

Iran's Life Insurance Penetration Low

EghtesadOnline: The share of life insurance in the overall portfolio of the Iranian insurance industry is meager which has reduced the overall penetration rate of insurance cover in the country of 80 million people.
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Publish Date:05/May/2019 | 13:14

Bigger Role Likely for Startups in Iran Insurance Industry

EghtesadOnline: As per an agreement between the Vice Presidential Office for Science and Technology and the Central Insurance company of Iran (CII), assistance of startups and knowledge-based firms are to be enlisted to revitalize the gradually expanding insurance industry.
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Publish Date:12/November/2018 | 10:46

Corporate Governance Vital for Insurance Industry

EghtesadOnline: The Insurance Research Center, affiliated to the Central Insurance company of Iran, is set to recommend measures for promoting corporate governance rules in insurance companies, which is “vital for enhancing the industry’’ CII President Abdolnasser Hemmati said on Tuesday.
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Publish Date:21/July/2016 | 22:19

Insurance Industry Needs New Impetus

EghtesadOnline: "The low penetration rate is one [main] reason for the industry's underdevelopment…if the penetration rate does not increase, the industry's share in the economy will also lag behind leading to problems such as unhealthy competition and underselling"
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Publish Date:19/April/2023 | 22:52

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.
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Publish Date:19/October/2020 | 18:31

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.
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Publish Date:16/August/2020 | 15:17

CII Forecasts Rise in Premium Income

EghtesadOnline: The 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) by the end of the current calendar year in March 2020.
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Publish Date:03/November/2019 | 10:38

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

Analysis: VAT Vacillation

EghtesadOnline: Pundits and economic experts looking closely at the key insurance sector are prone to ask one question: Why should the insurance industry be exempt from value added tax as some quarters have been demanding?
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Publish Date:11/September/2019 | 24:00

Startups Enter Insurance Industry

EghtesadOnline: Insurance 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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Publish Date:28/July/2019 | 24:04