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Crunch Time for Iran’s Insurance Industry

EghtesadOnline: With its massive oil and gas resources and a large, talented youth community, Iran is the second largest economy in the Middle East and North Africa region.
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Publish Date:02/September/2017 | 13:42

Insurance Performance Improves

EghtesadOnline: The annual general meeting of the Central Insurance of Iran company was held on Friday in Tehran and the head of the regulatory body presented a report on the performance of insurance sector, indicating that premiums and penetration rate have both risen during the last Iranian year (March 20, 2017.
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Publish Date:06/August/2017 | 13:33

Iran to Introduce Digital Health Card

EghtesadOnline: Iran’s Social Security Organization (SSO), the largest insurance firm offering health services in the country, is set to offer digital health cards to digitize their services.
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Publish Date:12/July/2017 | 08:32

Iran’s Biggest Insurance Payout Complete

EghtesadOnline: The consortium of Iranian insurance companies headed by Iran Insurance Company has paid €94 million as compensation for last year's conflagration that ravaged Bou Ali Sina Petrochemical Complex, located in southern Mahshahr Port.
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Publish Date:10/July/2017 | 07:26

Rules Proposed for Online Insurance Policy Sale in Iran

EghtesadOnline: The Central Insurance of Iran has developed a draft version of regulations regarding marketing and selling insurance policies both online and via mobile applications.
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Publish Date:04/July/2017 | 07:38

Corporate Governance Bylaw for Insurance Industry

EghtesadOnline: The new bylaw on corporate governance in Iranian insurance companies has been devised and will be implemented soon, announced the president of Central Insurance of Iran.
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Publish Date:16/April/2017 | 06:19

Outcomes of JCPOA, tangible in insurance industry: Official

EghtesadOnline: President of the Central Insurance of Iran Abdolnaser Hemmati says that the outcomes of the July 2015 nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA), can be felt in the insurance industry.
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Publish Date:15/April/2017 | 14:04

Iran Focusing on Insurance Development

EghtesadOnline: An economy heavily controlled by the government and a lack of development in key economic sectors are the two main reasons for the Iranian insurance sector's lower penetration rate compared to other countries, the head of the Central Insurance of Iran said.
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Publish Date:13/April/2017 | 08:59

Iranian Insurance Industry Annual Growth at 22%

EghtesadOnline: Iran's insurance industry grew by 22% during the year to March 20, 2017, with insurance penetration rate improving by 0.4% to reach 2.1%, said the president of the Central Insurance of Iran.
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Publish Date:05/April/2017 | 09:51

1st UK Reinsurance for South Pars Projects

EghtesadOnline: Ed Broking LLP, London-based wholesale insurance and reinsurance broker, says it has managed to provide reinsurance coverage for three energy projects in Iran’s South Pars Gas Field.
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Publish Date:20/February/2017 | 15:46

Bumper Growth for Iran Energy Insurance

EghtesadOnline: Insurance industry’s total premium income during the nine months to December 20 amounted to 200 trillion rials ($5.24 billion), registering a 21.33% growth compared with the same period of last year.
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Publish Date:19/February/2017 | 05:39

Insurance Sector Starts Adopting IFRS

EghtesadOnline: After the banking system, insurance companies are next in line to conform their financial statements to International Financial Reporting Standards, with Iran Insurance Company leading the way.
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Publish Date:12/February/2017 | 10:28

Insurance Corporate Governance Rules Unveiled

EghtesadOnline: Insurance Research Center, a think-tank affiliated with the Central Insurance of Iran, has finalized the draft version of “corporate governance principles” for domestic insurance companies.
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Publish Date:22/January/2017 | 05:38

Iran's Life Insurance Sector on Growth Track

EghtesadOnline: Iranian insurance firms generated 21.7 trillion rials ($525.9 million at market exchange rate) from selling life policies during the eight months to November 20, marking a 37.19% growth compared with the same period of last year.
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Publish Date:30/December/2016 | 08:37

Majlis Sets Agenda for Insurance Industry

EghtesadOnline: Lawmakers have obligated the Central Insurance of Iran, the industry’s regulator, to take measures for increasing the insurance penetration rate to 7% by the end of the sixth five-year development plan (2016-21).
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Publish Date:25/December/2016 | 18:10

CI Rates First Iranian Insurance Company

EghtesadOnline: Capital Intelligence Ratings (CI), the international credit rating agency, announced this week that it has assigned first-time Long- and Short-Term Insurer Financial Strength Ratings (IFSRs) of 'B+' and 'B', respectively, to Razi Insurance Company, based in Tehran, Iran.
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Publish Date:24/October/2016 | 10:38