tag Iran insurance industry

CI Outlines Iran’s Insurance Prospects

EghtesadOnline: Ratings agency Capital Intelligence Ratings (CI Ratings) says in a recent report on Iran’s insurance industry that growth in premiums has looked strong in the nominal view in recent years, but less so in an inflation-adjusted perspective, as real growth was achieved only in two recent years (FYE 2015 and FYE 2017).
|
Publish Date:30/June/2018 | 24:02

Foreign Insurance Dealings in Euro

EghtesadOnline: Iran is determined to sideline the US dollar in its financial dealings for the past few years and the country’s insurance industry is no exemption, as it has emphasized a shift toward euro both on the local and international scale.
|
Publish Date:05/May/2018 | 05:20

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

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

Insurance Policies Up 20%

EghtesadOnline: The Iranian insurance industry issued 42.7 million insurance policies in the first nine months of the current fiscal year to Dec. 21, 2017, which indicate an increase of 20%, the head of the Central Insurance of Iran, the industry’s regulator, announced.
|
Publish Date:31/January/2018 | 07:34

Life Insurance in Iran Underdeveloped

EghtesadOnline: The share of life insurance in the overall portfolio of the Iranian insurance industry is meager, a fact that a board member of Middle East Insurance Company, which specializes in life insurance, ascribes to the lack of an insurance culture in the country.
|
Publish Date:25/November/2017 | 09:46

Push for Specialized Life Insurance Companies

EghtesadOnline: In line with the goals devised in the Sixth Five-Year Development Plan (2017-22) to expand the share of life insurance in the industry’s portfolio, the High Council of Insurance has amended regulations, allowing general insurance companies to establish specialized life insurance firms.
|
Publish Date:20/September/2017 | 09:26

Iran Gov't Divesting Reinsurance Stake

EghtesadOnline: In what would mark a big stride toward the development of Iran's insurance industry and the promotion of its privatization initiative, the government is to relinquish its remaining stake in Amin Reinsurance, a major company domiciled in the Free Trade Zone of Kish Island.
|
Publish Date:13/September/2017 | 24:08

Iran's Insurance Premium Income Tops $2b

EghtesadOnline: The insurance industry has managed to earn 88.5 trillion rials ($2.3 billion) from premiums during the first four months of the current Iranian year (started March 21).
|
Publish Date:30/August/2017 | 14:03

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.
|
Publish Date:29/July/2017 | 11:48

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.
|
Publish Date:23/June/2017 | 18:06

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.
|
Publish Date:01/November/2017 | 06:31

Insurance Industry’s Four-Year Outlook

EghtesadOnline: The president of the Central Insurance of Iran elaborated on the four-year outlook of Iran’s insurance industry through the end of President Hassan Rouhani’s second and final term in office.
|
Publish Date:08/October/2017 | 07:12

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.
|
Publish Date:02/September/2017 | 13:42

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.
|
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.
|
Publish Date:15/April/2017 | 14:04

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.
|
Publish Date:05/April/2017 | 09:51