tag Iran Insurance Company

Iran's Top Insurer Expanding Frontiers

EghtesadOnline: Iran Insurance Company , the largest and the only state-owned insurance company in Iran, is planning to increase its capital to 110 trillion rials ($817 million) before the current fiscal year ends in March, the company CEO said.
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Publish Date:09/February/2020 | 11:42

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

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

IIC to Offer Earthquake Insurance

EghtesadOnline: Iran Insurance Company , the nation's sole state-owned insurer, plans to offer earthquake insurance policies for residential units, an official with the company said.
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Publish Date:03/February/2018 | 11:47

Industry-Wide Focus on Life Insurance, Privatization

EghtesadOnline: Iran Insurance Company , the biggest state-owned insurer that will soon become the only government-run insurer after shares of other companies are sold, is to establish a first-of-its-kind specialized life insurance complex.
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Publish Date:15/January/2018 | 13:01

Iran Government Approves Major Insurance Divestiture

EghtesadOnline: The Cabinet of President Hassan Rouhani’s administration approved a measure based on which the government will sell its remaining shares in three major insurance companies which–barring Iran Insurance Company –are the only firms in which the government still holds a stake.
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Publish Date:14/January/2018 | 11:40

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

IIC to Insure New ATRs

EghtesadOnline: Iran Insurance Company will cover the two ATR planes recently purchased by Iran Air, the head of IIC’s shipping, aircraft and transportation insurances announced.
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Publish Date:03/October/2017 | 11:10

$3.9m Insurance Payout for Petrochem Fire

EghtesadOnline: Iran Insurance Company , the state-owned insurer, has paid 148 billion rials ($3.9 million) in claims for the blaze that ravaged the warehouse of Bandar Imam Petrochemical Complex, IIC’s official website reported.
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Publish Date:06/August/2017 | 14:57

Iran Insurance Co Covers 4 New ATRs

EghtesadOnline: Iran Insurance Company has insured the four newly-purchased Iran Air turboprop airplanes, IIC’s website announced.
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Publish Date:20/May/2017 | 10:40

Top Insurer Wants Bigger Market Footprint

EghtesadOnline: Iran Insurance Company , the largest and sole state-owned insurance company, is struggling to increase its share of the market from 30% to 50%.
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Publish Date:26/October/2019 | 14:50

Risk Retention Cap for Insurers Announced

EghtesadOnline: A report by the Central Insurance company of Iran (CII), rating domestic insurers based on their risk retention capacity, placed the state-owned Iran Insurance Company at the top of list.
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Publish Date:06/October/2019 | 14:05

Iran's Top Insurer Moves to Boost Capital

EghtesadOnline: The government-owned Iran Insurance Company plans to increase its capital from 34 trillion rials ($300 million) now to 100 trillion rials ($870 million) by the time the current calendar year is out in March 2020, said a board member of IIC.
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Publish Date:07/September/2019 | 24:03

Third-Party Vehicle Insurance Disliked

EghtesadOnline: CEO of the government-owned Iran Insurance Company says the fact that insurer has to pay 20% of third party vehicle premiums to relevant bodies has given rise to prospects for loss-making.
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Publish Date:25/August/2019 | 11:26

New Iran Air ATRS Insured by IIC

EghtesadOnline: The newly-purchased ATRs by Iran Air, the country’s national carrier, have been covered by Iran Insurance Company , the company’s deputy for ships, aircraft and cargo insurance announced.
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Publish Date:31/December/2017 | 10:54

Renewed Foreign Interest in Iran Capital, Insurance Markets

EghtesadOnline: After Iran’s nuclear deal, the insurance industry’s international dealings have significantly increased, as Italian and German firms are keen on buying the shares of state-owned Iran Insurance Company , the president of Central Insurance of Iran said.
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Publish Date:01/November/2017 | 06:31

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

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