Iran Insurance
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Iran to Introduce Digital Health Card
EghtesadOnline: Iran’s Social Security Organization (SSO), the largest insurance firm offering health services in the country, is set to offer digital health cards to digitize their services.
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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 Petrochemica…
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Rules Proposed for Online Insurance Policy Sale in Iran
EghtesadOnline: The Central Insurance of Iran has developed a draft version of regulations regarding marketing and selling insurance policies both online and via mobile applications.
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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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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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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…
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Iran, Portugal ECAs Sign Cooperation Deal
EghtesadOnline: Export Guarantee Fund of Iran and Portugal’s private insurance firm COSEC signed a memorandum of understanding in Tehran on Tuesday to expand cooperation.
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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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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.
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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…
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Iran Focusing on Insurance Development
EghtesadOnline: An economy heavily controlled by the government and a lack of development in key economic sectors are the two main reasons for the Iranian insurance sector's lower penetration…
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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…
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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…
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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…
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Insurance Consortium to Prevent Auto Fraud
EghtesadOnline: Iranian insurance companies have formed a consortium for covering brand-new cars to put an end to automakers’ fraud.
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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…
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60% Rise in Motorcycle Insurance
EghtesadOnline: Since the extension of incentives that waived the penalties for motorcyclists without insurance, there has been a 60% increase in third-party motorbike insurance, said the director…
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Gov't Retains 25% Compulsory Cession for General Insurance Firms
EghtesadOnline: The Cabinet has made decisions concerning reinsurance and debts owed to the Oil Stabilization Fund among other things in their latest meeting on Wednesday.
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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…
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1st UK Reinsurance for South Pars Projects
EghtesadOnline: Ed Broking LLP, London-based wholesale insurance and reinsurance broker, says it has managed to provide reinsurance coverage for three energy projects in Iran’s South Pars Gas…
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Insurance Incentives for 10m Motorcyclists
EghtesadOnline: The Personal Injury Indemnity Fund is offering a series of incentives to encourage some 10 million uninsured motorcyclists in the country to acquire an insurance policy as part…
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Bumper Growth for Iran Energy Insurance
EghtesadOnline: Insurance industry’s total premium income during the nine months to December 20 amounted to 200 trillion rials ($5.24 billion), registering a 21.33% growth compared with the same…
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Iranian Gov't Sets Capital Requirement for Insurance Firms
EghtesadOnline; The government has approved a proposal for setting the minimum capital required for establishing insurance firms during a Cabinet meeting on Sunday.
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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…
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Gov’t Pays Health Insurance Arrears
EghtesadOnline: The government has settled a significant portion of its debts to the health insurance sector, announced the government spokesman.
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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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1st Iranian Life Insurance Company Makes Debut
EghtesadOnline: Middle East Life Insurance Company, affiliated with the privately-owned Middle East Bank, officially started operating on Monday as the first specialized Iranian insurance firm.
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Dana Insurance Co. Expanding Indian Ties
EghtesadOnline: Dana Insurance Company, a major Iranian insurance firm, said it will expand ties with major Indian insurance firms, especially ones that continued to work with Iran during sanctions.…
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Tehran High-Rise Inferno Sparks Interest in Property Insurance
EghtesadOnline: Sales and marketing departments of insurance companies have been unusually busy in recent days, as more people are referring to insurers to insure their properties against fire.
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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…