Central Insurance of Iran

Iranian Insurers Count Cost of Covid-19

EghtesadOnline: Data released by the Central Insurance of Iran, the body in charge of supervising the industry, shows that the Covid-19 pandemic has impacted the business of insurance companies…
2020-07-04 09:28
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.
2018-08-11 05:32
Iranian Insurers Earn $2.5 Billion in Premiums in 4 Months

EghtesadOnline: Iran’s insurance companies generated about 110 trillion rials ($2.5 billion) in premiums during the first four months of the current fiscal year that ended on July 22, up by 23.4%…
2018-08-08 04:53
New CII Chief Appointed

EghtesadOnline: Gholamreza Soleimani Amiri, the former director of Social Security Organization, secured the approval of President Hassan Rouhani’s Cabinet on Wednesday to replace Abdolnasser…
2018-07-21 06:28
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…
2018-07-08 05:48
Reinsurance Cooperation With Russia

EghtesadOnline: The Central Insurance of Iran, the industry’s main regulator, signed an agreement with the Russian National Reinsurance Company on Wednesday.
2018-07-07 04:49
Hemmati Chairs Asian Re Meeting

EghtesadOnline: Former Bank Melli CEO and president of Central Insurance of Iran, Abdolnasser Hemmati, chaired a board of directors’ meeting of Asian Reinsurance Corporation in Bangkok, Thailand,…
2018-06-30 12:03
Iran Insurance Premiums Up 21% in 2017-18

EghtesadOnline: Iran’s insurance companies absorbed 335.9 trillion rials ($7.96 billion) in premiums during the previous fiscal year that ended on March 20, 2018, up by 21.1% when compared with…
2018-06-10 05:22
4 Foreign Insurers Set Up Iran Offices

EghtesadOnline: Foreign insurers have established four representative offices in Iran and another insurer has applied for a license to establish such an office, according to the head of Central…
2018-06-03 03:59
CII Ready to Promote Cyber Insurance

EghtesadOnline: The Central Insurance of Iran, the industry’s regulator, welcomes offers by Iranian insurers to provide coverage against cyber assaults, CII’s president said.
2018-05-06 07:21
Risk Retention, Reinsurance Caps Announced

EghtesadOnline: The Central Insurance of Iran has announced the latest risk retention and inward reinsurance capacity allowed for insurance companies.
2018-03-13 09:04
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…
2018-03-13 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…
2018-03-13 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…
2018-03-03 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…
2018-02-27 07:32
IRC, Polish Univ. Sign Agreement

EghtesadOnline: Insurance Research Center, affiliated with the Central Insurance of Iran, has signed an agreement for educational, scientific and research cooperation with Poland’s Poznan University…
2018-02-21 13:09
Insurance E-Marketing Rules Notified

EghtesadOnline: The Central Insurance of Iran has published rules to regulate the operations of online marketers linking companies offering insurance services with applicants.
2018-02-21 12:28
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…
2018-02-07 06:59
14 Million Iranians Have Life Insurance Coverage

EghtesadOnline: The life insurance portfolio of insurers and its potentials have improved, in light of the number of people currently benefiting from its coverage, the head of the Central Insurance…
2018-01-21 09:40
Iranian, Norwegian Insurers to Compensate Oil Tanker Blaze

EghtesadOnline: In the wake of an Iranian oil tanker's collision in East China Sea, Iranian insurers are to compensate 30% of the costs while the rest would be covered by a Norwegian firm, the…
2018-01-14 08:20
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,…
2017-12-30 06:11
Call for Natural Disasters Insurance Fund Following Quake

EghtesadOnline: A few days after a 7.3-magnitude earthquake shook the western province of Kermanshah and the regions bordering Iraq, the president of the Central Insurance of Iran renewed his…
2017-11-18 08:11
Insurers’ Compulsory Cession to Shrink by 2022

EghtesadOnline: The government plans to reduce the percentage of premiums Iranian insurance firms are obligated to entrust to the Central Insurance of Iran for the purpose of reinsurance, the…
2017-11-13 07:20
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…
2017-11-05 10:09
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…
2017-11-01 06:31
Push for Reinsurance Reform

EghtesadOnline: Reinsurance industry’s representatives have sent a letter to Abdolnasser Hemmati, the head of Central Insurance of Iran, urging him to stop other insurance companies from being…
2017-10-28 11:22
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.
2017-10-15 10:47
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…
2017-10-08 07:12
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,…
2017-10-03 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,…
2017-09-23 13:03