Iran Insurance Company

Iran's Top Insurer Expanding Frontiers

EghtesadOnline: Iran Insurance Company, the largest and the only state-owned insurance company in Iran, is planning to increase its capital to 110 trillion rials ($817 million) before the current…
2020-02-09 11:42
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.
2019-12-25 10:47
Top Insurer Wants Bigger Market Footprint

EghtesadOnline: Iran Insurance Company, the largest and sole state-owned insurance company, is struggling to increase its share of the market from 30% to 50%.
2019-10-26 14:50
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…
2019-10-06 14:05
Iran's Top Insurer Moves to Boost Capital

EghtesadOnline: The government-owned Iran Insurance Company plans to increase its capital from 34 trillion rials ($300 million) now to 100 trillion rials ($870 million) by the time the current…
2019-09-07 12:03
Third-Party Vehicle Insurance Disliked

EghtesadOnline: CEO of the government-owned Iran Insurance Company says the fact that insurer has to pay 20% of third party vehicle premiums to relevant bodies has given rise to prospects for…
2019-08-25 11:26
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
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
IIC to Offer Earthquake Insurance

EghtesadOnline: Iran Insurance Company, the nation's sole state-owned insurer, plans to offer earthquake insurance policies for residential units, an official with the company said.
2018-02-03 11:47
Industry-Wide Focus on Life Insurance, Privatization

EghtesadOnline: Iran Insurance Company, the biggest state-owned insurer that will soon become the only government-run insurer after shares of other companies are sold, is to establish a first-of-its-k…
2018-01-15 13:01
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
New Iran Air ATRS Insured by IIC

EghtesadOnline: The newly-purchased ATRs by Iran Air, the country’s national carrier, have been covered by Iran Insurance Company, the company’s deputy for ships, aircraft and cargo insurance…
2017-12-31 10:54
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
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
IIC to Insure New ATRs

EghtesadOnline: Iran Insurance Company will cover the two ATR planes recently purchased by Iran Air, the head of IIC’s shipping, aircraft and transportation insurances announced.
2017-10-03 11:10
$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
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…
2017-07-10 07:26
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.
2017-05-20 10:40
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…
2017-02-12 10:28