“MIIC issued 14 credit and operating insurance policies and 19 investment policies last year collectively worth 2,125 billion rials [$50 million],” Farid Dehqani was also quoted as saying by the Persian daily Donya-e-Eqtesad on Saturday. “It indicates a significant increase in the value of issued insurance policies, compared to the year before when the figure stood at 409 billion rials [$9.7 million],” he said. Dehqani noted that the insurance company has paid out over 115 billion rials [$2.7 million] to settle claims on credit and exploration insurance last year, Financial Tribune reported.