Iran Insurance News

The Central Insurance company of Iran, the industry’s regulator, has denied claims that it plans to create a monopoly in the online insurance market.

The Iran Fintech Association, a private society supporting fintech startups, has strongly criticized the Central Insurance company of Iran (CII) for promoting monopoly in the online insurance…

The Central Insurance company of Iran (CII), the industry’s regulator, is concentrating on promoting specialized insurance companies. 

The Central Insurance company of Iran (CII) has stopped issuing new operation license for online insurance brokers until further notice. According to Way2pay, the CII's department for new…

The insurance industry was unable to meet the targets defined in the Sixth Five-Year Economic Development Plan (2016-2021), despite reasonable growth. According to a report by IBENA, the sector…

The Central Insurance company of Iran (CII) published a report on the industry's performance saying the number of branches and insurance agents increased in the last fiscal year that ended in…

Data published by the Central Insurance company of Iran (CII), the insurance industry regulator, show further increase in the share of private firms in the growing insurance market during the…

The Central Insurance company of Iran (CII), the state regulator of the industry, says it has launched a special unit to support insurtech startups. Promoting insurance-related startups was…

The Central Insurance company of Iran, the regulator of the sector, is planning to put an end to its supremacy over the reinsurance market by increasing the number of players,  head of the…

Amin Re, a leading reinsurance company in Iran, has applied for permission for starting Iran's first Takaful insurance company in Kish Island. 

Insurance companies generated 115 trillion rials ($4.11 billion) in premium income in the last fiscal year (March 2021-22) posting 41% growth on the year before. Data released by the Central…

The insurance industry will unveil new innovative products and services in spheres related to information technology, healthcare and Islamic insurance. Head of the Central Insurance company of…

The Central Insurance company of Iran and the National Traffic Police have signed an agreement on developing a comprehensive platform for online car accident reporting. 

The Central Insurance company of Iran has warned four major online insurance selling platforms to stop offering illegal discounts.  The CII notified Azki, Bimeh Bazar, iToll and Bimeh.com…

The Central Insurance company of Iran issued operation license for Saman Reinsurance Company, allowing the private firm to start operations.  As per an announcement seen on the CII website…

The parliament is working on legislation that will cap payouts in third-party auto insurance coverage for luxury cars. “Owners of luxury cars should buy auto body insurance [to be able] to…

Insurance companies are still facing hefty medical insurance bills related to the coronavirus pandemic. Latest figures show 83.8% growth in medical insurance payouts during the first 11 months…

Economy Minister Ehsan Khandouzi has asked the new head of the Central Insurance company of Iran to end reinsurance operations.

Insurance companies in Iran paid 16.7 trillion rials ($63 million) in Covid-related medical bills since the outbreak of the coronavirus pandemic in February 2020. The Central Insurance company…

Latest figures released by the Central Insurance company of Iran, the supervisory authority of the industry, show the critical status of medical insurance with its loss ratio crossing 106% in…

Insurance companies generated 799 trillion rials ($2.95 billion) in premium in the first three quarters of the current fiscal year (ends in March – up 36% on the same period last year. …

Insurance companies paid 62.2 trillion rials ($207.3 million) to agents in the last fiscal year (ended March 2021), marking 44.2% growth compared to the year before. The Central Insurance…

Iran Insurance Company, the largest and only firm owned by the government, has eight major projects in the pipeline to raise transparency of its operations cut losses. 

Insurance companies reported 50% growth in the life insurance segment in the first eight months of the current fiscal year (started March 2021). The Central Insurance company of Iran, the…

The Central Insurance company of Iran published a report on the industry's sales stating that the number of branches and agents increased in the last fiscal year (March 2020-21).