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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