Iran Insurance

US Sanctions to Intensify European Woes for Insuring Iran Trade

EghtesadOnline: New US sanctions are likely to prevent the use of a Lloyd’s of London IT platform for any Iran insurance, adding to difficulties for European insurers providing cover for the…
2018-07-15 04:19
CI Outlines Iran’s Insurance Prospects

EghtesadOnline: Ratings agency Capital Intelligence Ratings (CI Ratings) says in a recent report on Iran’s insurance industry that growth in premiums has looked strong in the nominal view in…
2018-06-30 12:02
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
Alborz Insurance Company’s Controlling Stake Sold

EghtesadOnline: The government successfully sold its shares in Alborz Insurance Company on Saturday to a consortium made up of pension funds and an investment company.
2018-03-13 09:55
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
Insurance Policies Up 20%

EghtesadOnline: The Iranian insurance industry issued 42.7 million insurance policies in the first nine months of the current fiscal year to Dec. 21, 2017, which indicate an increase of 20%,…
2018-01-31 07:34
Iran Government Approves Major Insurance Divestiture

EghtesadOnline: The Cabinet of President Hassan Rouhani’s administration approved a measure based on which the government will sell its remaining shares in three major insurance companies which–barrin…
2018-01-14 11:40
High Growth in Insurance Claims in Iran

EghtesadOnline: Iranian insurance companies have paid out over 35 million claims during the previous fiscal to March 20, 2017, which indicates a growth of 10 million compared to its previous…
2018-01-14 10:55
Buy Insurance Policy Online

EghtesadOnline: A local startup has launched a platform dubbed ‘Bitmeh’ allowing people to buy insurance policy online.
2018-01-07 10:46
Privatization of Insurance Companies is a Must

EghtesadOnline: Iran's biggest annual insurance event played host to two ministers on Monday, one of whom vowed that he will be a catalyst rather than an impediment to insurance privatization…
2017-12-13 13:10
Life Insurance in Iran Underdeveloped

EghtesadOnline: The share of life insurance in the overall portfolio of the Iranian insurance industry is meager, a fact that a board member of Middle East Insurance Company, which specializes…
2017-11-25 09:46
Insurers Assessing Iran Quake Losses

EghtesadOnline: Iranian insurance companies have started evaluating the losses caused by the recent massive earthquake that shook the western Kermanshah Province near the Iraqi border and processing…
2017-11-20 07:02
Iran Insurance Growth at 20%

EghtesadOnline: The collective figure of Iranian insurance companies’ premiums during the first half of the current fiscal year to Sept. 22 has reached 166 trillion rials ($4.15 billion), which…
2017-10-23 09:56
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
Insurance Firms Owe $1b to Pharma

EghtesadOnline: The outstanding debts owed to pharmaceutical companies by insurance firms have tipped this sector into recession, the chairman of Majlis Health Commission said.
2017-10-07 07:27
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
Push for Specialized Life Insurance Companies

EghtesadOnline: In line with the goals devised in the Sixth Five-Year Development Plan (2017-22) to expand the share of life insurance in the industry’s portfolio, the High Council of Insurance…
2017-09-20 09:26
Iran Gov't Divesting Reinsurance Stake

EghtesadOnline: In what would mark a big stride toward the development of Iran's insurance industry and the promotion of its privatization initiative, the government is to relinquish its remaining…
2017-09-13 12:08
Crunch Time for Iran’s Insurance Industry

EghtesadOnline: With its massive oil and gas resources and a large, talented youth community, Iran is the second largest economy in the Middle East and North Africa region.
2017-09-02 13:42
Iran Gov't to Divest Shares in 3 Insurance Firms

EghtesadOnline: I n line with the general policies of Article 44 of Iran’s Constitution—declared 11 years ago by the Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei—the remaining state…
2017-09-02 13:40
Iran's Insurance Premium Income Tops $2b

EghtesadOnline: The insurance industry has managed to earn 88.5 trillion rials ($2.3 billion) from premiums during the first four months of the current Iranian year (started March 21).
2017-08-30 14:03
CI Ratings: Outlook for Two Iranian Insurance Firms Positive

EghtesadOnline: Capital Intelligence Ratings, the international credit rating agency, has released its ratings for two Iranian private insurance firms, revising one insurer’s outlook to “positive”…
2017-08-30 14:02
18% Growth in Iran Life Insurance Premiums

EghtesadOnline: Iranian insurance companies have registered an 18% growth in life insurance premium incomes in the first quarter of the current Iranian year (March 21-June 21), the head of Central…
2017-08-13 13:20
$3.9m Insurance Payout for Petrochem Fire

EghtesadOnline: Iran Insurance Company, the state-owned insurer, has paid 148 billion rials ($3.9 million) in claims for the blaze that ravaged the warehouse of Bandar Imam Petrochemical Complex,…
2017-08-06 14:57
Insurance Performance Improves

EghtesadOnline: The annual general meeting of the Central Insurance of Iran company was held on Friday in Tehran and the head of the regulatory body presented a report on the performance of insurance…
2017-08-06 13:33
No Insurance for Unauthorized Moneychangers

EghtesadOnline: The Central Insurance of Iran, the regulatory body of insurance industry, has banned the sale of burglary insurance policies to unlicensed jewelry and exchange shops.
2017-07-29 11:48
Insurance Authority Warns Against Illegal Online Sales

EghtesadOnline: Insurance companies and agents selling insurance policies via Internet are responsible for problems caused by any illegal activity in the sale process, the president of the Central…
2017-07-29 08:49
Update: Munich Re Signs 1st Post-Sanctions Deal With Iran

EghtesadOnline: Iran's Saman Insurance Company has signed a contract with the world's largest reinsurance company Munich Re, the CEO of Saman Insurance said on Wednesday.
2017-07-22 07:01