Insurance Industry
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Insurance Industry Needs New Impetus
EghtesadOnline: "The low penetration rate is one [main] reason for the industry's underdevelopment…if the penetration rate does not increase, the industry's share in the economy will also lag…
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Insurers Feel the Heat
EghtesadOnline: The insurance industry's total premium is expected to fall short of expectations in the current Iranian fiscal year, largely due to the ruinous Covid-19, rising inflation and…
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Wake-Up Call for Insurers
EghtesadOnline: The Central Insurance company of Iran, the supervisory and regulatory body of insurance industry, has notified insurance companies to improve their performance and take action…
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Medical Insurance Needs to Change Tack
EghtesadOnline: Unprofessional approach of insurers in underwriting medical insurance policy categories could inflict considerable loss on the insurance industry's performance in the coming years.
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Earnings Boom for Insurance Company Agents
EghtesadOnline: The insurance industry's profit amounted to 45 trillion rials ($346 million) in the current fiscal year (started March 2019), president of the Central Insurance company of Iran…
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CII Forecasts Rise in Premium Income
EghtesadOnline: The head of Central Insurance company of Iran, the regulator of the insurance industry, says insurers’ earnings from selling insurance policy will reach a record of 600 trillion…
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Cyber Insurance Planned for Banks
EghtesadOnline: Central Insurance company of Iran (CII), the regulatory body of Iran’s fast growing insurance industry, is working on a scheme to cover bank accounts against cyberattacks.
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Analysis: VAT Vacillation
EghtesadOnline: Pundits and economic experts looking closely at the key insurance sector are prone to ask one question: Why should the insurance industry be exempt from value added tax as some…
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Startups Enter Insurance Industry
EghtesadOnline: Insurance industry plans to allow startups to handle 10% of Iran’s insurance market in the current fiscal year that started on March 21, said the head of Central Insurance company…
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Iran's Life Insurance Penetration Low
EghtesadOnline: The share of life insurance in the overall portfolio of the Iranian insurance industry is meager which has reduced the overall penetration rate of insurance cover in the country…
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Bigger Role Likely for Startups in Iran Insurance Industry
EghtesadOnline: As per an agreement between the Vice Presidential Office for Science and Technology and the Central Insurance company of Iran (CII), assistance of startups and knowledge-based…
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Iranian Insurance Firms' Premium Income Exceeds $1.2b in H1 (Mar-Sep 2018)
EghtesadOnline: Iran insurance industry earned 183 trillion rials ($1.28 billion) from premiums during the first six months of the current Iranian fiscal (March-September).
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Corporate Governance Vital for Insurance Industry
EghtesadOnline: The Insurance Research Center, affiliated to the Central Insurance company of Iran, is set to recommend measures for promoting corporate governance rules in insurance companies,…