IIC Divestiture in the Offing

EghtesadOnline: The newly-appointed head of the Central Insurance of Iran is exploring ways of divesting the shares of the sole state-owned insurer, Iran Insurance Company.

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Publish Date:11/August/2018 | 05:32

Iranian Insurers Earn $2.5 Billion in Premiums in 4 Months

EghtesadOnline: Iran’s insurance companies generated about 110 trillion rials ($2.5 billion) in premiums during the first four months of the current fiscal year that ended on July 22, up by 23.4% compared with the same period of last year, the new head of Central Insurance of Iran said.

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Publish Date:08/August/2018 | 04:53

New CII Chief Appointed

EghtesadOnline: Gholamreza Soleimani Amiri, the former director of Social Security Organization, secured the approval of President Hassan Rouhani’s Cabinet on Wednesday to replace Abdolnasser Hemmati as the new head of Central Insurance of Iran .

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Publish Date:21/July/2018 | 06:28

Risk Retention, Reinsurance Caps Announced

EghtesadOnline: The Central Insurance of Iran , the industry's regulator and one of its few reinsurers, has disclosed the latest risk retention and inward reinsurance capacity allowed for insurance companies. According to the latest list calculated based on the latest approved balance sheets of insurance companies published by IBENA on Saturday, Iran Insurance Company, the only fully state-run insurer and a major market force, once again kept it prominence and holds the highest allowed risk retention capacity at more than 17.75 trillion rials ($413.46 million).

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Publish Date:08/July/2018 | 05:48

Reinsurance Cooperation With Russia

EghtesadOnline: The Central Insurance of Iran , the industry’s main regulator, signed an agreement with the Russian National Reinsurance Company on Wednesday.

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Publish Date:07/July/2018 | 04:49

Hemmati Chairs Asian Re Meeting

EghtesadOnline: Former Bank Melli CEO and president of Central Insurance of Iran , Abdolnasser Hemmati, chaired a board of directors’ meeting of Asian Reinsurance Corporation in Bangkok, Thailand, on Friday.

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Publish Date:30/June/2018 | 24:03

Iran Insurance Premiums Up 21% in 2017-18

EghtesadOnline: Iran’s insurance companies absorbed 335.9 trillion rials ($7.96 billion) in premiums during the previous fiscal year that ended on March 20, 2018, up by 21.1% when compared with the year before, the head of Central Insurance of Iran said.

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Publish Date:10/June/2018 | 05:22

4 Foreign Insurers Set Up Iran Offices

EghtesadOnline: Foreign insurers have established four representative offices in Iran and another insurer has applied for a license to establish such an office, according to the head of Central Insurance of Iran , the industry’s sole regulator and main negotiator of deals with foreign counterparts.

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Publish Date:03/June/2018 | 03:59

CII Ready to Promote Cyber Insurance

EghtesadOnline: The Central Insurance of Iran , the industry’s regulator, welcomes offers by Iranian insurers to provide coverage against cyber assaults, CII’s president said.

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Publish Date:06/May/2018 | 07:21

Risk Retention, Reinsurance Caps Announced

EghtesadOnline: The Central Insurance of Iran has announced the latest risk retention and inward reinsurance capacity allowed for insurance companies.

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Publish Date:13/March/2018 | 09:04

Insurers Pay $24m in Kermanshah Quake Claims

EghtesadOnline: Iran’s insurance industry has so far paid out about 1.1 trillion rials ($24.55 million) in claims resulting from the 7.2 magnitude earthquake that shook the western province of Kermanshah and killed more than 500 people several months ago, the head of the Central Insurance of Iran said.

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Publish Date:13/March/2018 | 06:54

Growth in Insurance Premium

EghtesadOnline: The Central Insurance of Iran said that according to latest reports, the insurance industry has registered a 22% growth in premium in the 11 months to February 19 compared with the same period of last year.

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Publish Date:13/March/2018 | 06:26

Iran’s Marine Insurance Driven by Growth

EghtesadOnline: Data from the Central Insurance of Iran indicate that the country’s insurance industry has been boosting its profits and reducing its loss ratio for the past 10 years when it comes to covering ships and marine transportation.

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Publish Date:03/March/2018 | 10:37

Insurers-Capital Market Coop. Could Tame Liquidity

EghtesadOnline: Cooperation between the insurance industry and capital market could help control the volume of liquidity, whose rise has triggered concerns in recent years, the head of the Central Insurance of Iran said.

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Publish Date:27/February/2018 | 07:32

IRC, Polish Univ. Sign Agreement

EghtesadOnline: Insurance Research Center, affiliated with the Central Insurance of Iran , has signed an agreement for educational, scientific and research cooperation with Poland’s Poznan University of Economics and Business.

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Publish Date:21/February/2018 | 13:09

Mandatory Insurance Tax Irks Industry Chief

EghtesadOnline: Lawmakers have forced the insurance industry to pay millions of dollars more in taxes to the government in a move that has irked the head of Central Insurance of Iran , the entity in charge of regulating the industry.

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Publish Date:07/February/2018 | 06:59

14 Million Iranians Have Life Insurance Coverage

EghtesadOnline: The life insurance portfolio of insurers and its potentials have improved, in light of the number of people currently benefiting from its coverage, the head of the Central Insurance of Iran , the insurance industry’s sole regulator, said on Tuesday.

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Publish Date:21/January/2018 | 09:40

Iranian, Norwegian Insurers to Compensate Oil Tanker Blaze

EghtesadOnline: In the wake of an Iranian oil tanker's collision in East China Sea, Iranian insurers are to compensate 30% of the costs while the rest would be covered by a Norwegian firm, the president of the Central Insurance of Iran announced.

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Publish Date:14/January/2018 | 08:20

CII to Develop Untapped Insurance Potentials

EghtesadOnline: Central Insurance of Iran , the industry’s sole regulator, is not pursuing the reduction of the state-owned Iran Insurance Company’s market share, as it holds high untapped potential, the CII chief said.

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Publish Date:30/December/2017 | 06:11

Insurers’ Compulsory Cession to Shrink by 2022

EghtesadOnline: The government plans to reduce the percentage of premiums Iranian insurance firms are obligated to entrust to the Central Insurance of Iran for the purpose of reinsurance, the director of the industry’s regulator said.

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Publish Date:13/November/2017 | 07:20