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Iran's 2nd Specialized Life Insurer Licensed

EghtesadOnline: Following the policy of promoting life insurance, the president of Central Insurance of Iran announced that the High Council of Insurance has issued the license for the establishment of another specialized life insurance company.
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Publish Date:05/November/2017 | 10:09

Iran’s Risk Coverage Potential at $3 Trillion

EghtesadOnline: Iran has a risk potential of over $3 trillion that can be covered by insurance, the Central Insurance of Iran ’s vice president announced.
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Publish Date:15/October/2017 | 10:47

Iran, SCOR SE Reach Reinsurance Agreement

EghtesadOnline: The Central Insurance of Iran , the industry’s regulating body and its largest reinsurer, announced on Thursday it has reached a much-anticipated agreement with France’s SCOR SE, based on which the major reinsurer will cover catastrophe excess of loss reinsurance for Iran.
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Publish Date:03/October/2017 | 11:33

Loans to Increase Life Insurance Share

EghtesadOnline: In addition to the latest directive issued by the High Council of Insurance, which allowed general insurance companies to subsequently become specialized life insurance firms, the head of the Central Insurance of Iran company announced that “special loans” have been considered for the to-be specialized life insurers.
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Publish Date:23/September/2017 | 13:03

Iran Gov't to Divest Shares in 3 Insurance Firms

EghtesadOnline: I n line with the general policies of Article 44 of Iran’s Constitution—declared 11 years ago by the Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei—the remaining state shares in Alborz, Dana and Asia insurance firms are expected to be soon divested, announced the president of the Central Insurance of Iran announced.”
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Publish Date:02/September/2017 | 13:40

18% Growth in Iran Life Insurance Premiums

EghtesadOnline: Iranian insurance companies have registered an 18% growth in life insurance premium incomes in the first quarter of the current Iranian year (March 21-June 21), the head of Central Insurance of Iran company announced.
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Publish Date:13/August/2017 | 13:20

No Insurance for Unauthorized Moneychangers

EghtesadOnline: The Central Insurance of Iran , the regulatory body of insurance industry, has banned the sale of burglary insurance policies to unlicensed jewelry and exchange shops.
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Publish Date:29/July/2017 | 11:48

Insurance Authority Warns Against Illegal Online Sales

EghtesadOnline: Insurance companies and agents selling insurance policies via Internet are responsible for problems caused by any illegal activity in the sale process, the president of the Central Insurance of Iran company announced.
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Publish Date:29/July/2017 | 08:49

Iran’s Annual Auto Compensation Hit $3b

EghtesadOnline: Iranian insurers annually pay $3 billion as compensation for traffic collisions which, according to the Central Insurance of Iran , is very high and considered a national loss.
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Publish Date:15/July/2017 | 11:43

Insurance Penetration Rate at 2.2%

EghtesadOnline: Iran’s insurance industry has significantly improved in recent years, as its penetration rate grew by 0.5% to reach 2.2% during the year to March 20, 2017, said the president of Central Insurance of Iran .
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Publish Date:23/June/2017 | 18:06

Insurance Corporate Governance Bylaw Approved

EghtesadOnline: The bylaw on insurance corporate governance was approved during the latest meeting of High Council of Insurance, the head of Central Insurance of Iran announced.
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Publish Date:27/May/2017 | 06:26

Top 3 Insurance Firms Selected

EghtesadOnline: The Central Insurance of Iran has finalized the assessment of insurance firms, selecting the top three companies during a conference on information technology and insurance, the Central Insurance of Iran announced.
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Publish Date:14/May/2017 | 10:00

Foreign Investors Eying Iranian Insurance Firms

EghtesadOnline: A couple of foreign insurance companies are determined to invest in Iran in the next two or three months, the president of the Central Insurance of Iran said.
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Publish Date:17/April/2017 | 08:11

Capital Increase Deadline for Insurers

EghtesadOnline: Beleaguered insurance companies have only until the end of the current fiscal year (March 20, 2018) to meet the new minimum capital requirements set by the Cabinet, announced the head of the Central Insurance of Iran .
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Publish Date:10/April/2017 | 10:49

India's Biggest Reinsurer Eying Iran

EghtesadOnline: Abdolnasser Hemmati, the president of Central Insurance of Iran , and Alice Vaidyan, CEO of GIC Reinsurance Company, discussed ways of expanding insurance ties between Iran and India.
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Publish Date:09/April/2017 | 07:48

Insurers' Premium Income Hits $6b

EghtesadOnline: Insurers' total premium income reached 229 trillion rials ($6 billion) in the Iranian year ending March 2016 to register a 75% increase compared with the same time three years ago, said the head of Central Insurance of Iran ’s Department for Planning and Development.
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Publish Date:27/February/2017 | 15:25

Vehicle Insurance About to Get Fairer

EghtesadOnline: A number of provisions in a revised law pertaining to motor insurance will ensure that premiums will be set fairly by considering criteria such as driving records, announced the head of the Central Insurance of Iran .
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Publish Date:21/February/2017 | 14:59

Iran, Armenia to Expand Insurance Cooperation

EghtesadOnline: The Central Insurance of Iran and Central Bank of Armenia on Thursday signed an agreement to expand cooperation in insurance and reinsurance services.
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Publish Date:11/February/2017 | 10:06

140 Foreign insurers seeking Iran entry

EghtesadOnline: The Central Insurance of Iran , the industry’s regulator, has held talks with more than 140 foreign insurance and reinsurance companies that sought to enter the Iranian market since the lifting of the sanctions in January 2016.
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Publish Date:23/January/2017 | 05:26

140 Foreign Insurers Seeking Iran Entry

EghtesadOnline: The Central Insurance of Iran , the industry’s regulator, has held talks with more than 140 foreign insurance and reinsurance companies that sought to enter the Iranian market since the lifting of the sanctions in January 2016.
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Publish Date:20/January/2017 | 20:04