Insurers
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CII Updates Insurers’ Risk Retention Limits
EghtesadOnline: The Central Insurance company of Iran (CII) has released a report on the risk retention capacity of domestic insurers adding three new companies to the list.
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Insurers Urged to Expedite Payouts
EghtesadOnline: Insurers’ delay in the settlement of dues of medical centers and drugstores has disturbed the supply chain of medicine in the country and contributed to a shortage of medicine…
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Regulator Updates Risk Retention Limits of Insurers
EghtesadOnline: The Central Insurance company of Iran (CII) has reported on the risk retention capacity of domestic insurers adding new companies to the list.
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Life Insurers to Expand Options
EghtesadOnline: The Central Insurance company of Iran says it is working on new options to promote and expand life insurance products.
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Insurers Increase IT Investment
EghtesadOnline: Private insurance companies recorded 89% increase in collective investment in IT projects in the last Iranian year (ended March 2021), a recent study shows.
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Insurers Want to Know Where Gov’t Spends Their Tax Money
EghtesadOnline: Iran Insurers’ Syndicate has called on the government to release details about how third-party auto insurance tax revenue is spent. The syndicate has strongly opposed imposing…
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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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Insurers Offer New Pandemic Coverage
EghtesadOnline: The Central Insurance company of Iran, the regulatory body of the industry, and a private insurance firm have crafted a new package for covering losses to the business community…
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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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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…
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Iranian Insurers Get Good Grades
EghtesadOnline: The Central Insurance company of Iran in charge of regulating the industry, has released a report on the performance of the key sector in the previous fiscal year (March 2019-2020)…
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Insurers Anxious About Covid-19 Impact
EghtesadOnline: Most Iranian insurance companies are pessimistic about the industry's future under the influence of Covid-19.
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Aircraft Insurance Shows Lowest Loss Ratio
EghtesadOnline: Despite risks associated with the country's air fleet, aircraft insurance coverage registered the lowest (18%) loss ratio in the industry' portfolio, allowing insurers to profit…
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Payout Ratio of Insurers Declines
EghtesadOnline: Domestic insurance companies' total payout in the first nine months of the current fiscal year (March-December 2019) amounted to 220 trillion rials ($1.6 billion), with the auto…
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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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CII Rates Iranian Insurers’ Risk Retention, Reinsurance Cap
EghtesadOnline: The latest appraisal of risk retention capacity of domestic insurance companies has placed state-owned Iran Insurance Company on the top.
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Insurers Report 33% Growth in Premium
EghtesadOnline: The Central Insurance company of Iran, the body in charge of supervising the industry, has released the long-awaited annual report on the performance of the insurance sector in…
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Risk Retention Cap for Insurers Announced
EghtesadOnline: A report by the Central Insurance company of Iran (CII), rating domestic insurers based on their risk retention capacity, placed the state-owned Iran Insurance Company at the…
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New Risk Retention Capacity for Iranian Insurers
EghtesadOnline: In its new appraisal of risk retention capacity of domestic insurers, the Central Insurance company of Iran (CII) has changed the rank of two insurance firms.
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Deadbeat Carmaker on Wrong Side of Insurers
EghtesadOnline: Insurance companies have stopped offering third party vehicle insurance to new vehicles produced by SAIPA, Iran's second-largest automaker, due to the carmaker’s pattern of failure…