Iran Insurance News

Liability insurance policies account for about 5% of insurance firms' annual premium income and experts believe that the category has the potential to play a bigger role in insurers' portfolios…

The Central Insurance company of Iran, the regulatory body of the industry, issued permission for the establishment of a general insurance company last week to improve and expand services.

The Central Insurance company of Iran, the regulatory body of the industry, expects growth in insurance companies' premium income in the current fiscal year (ends March 2022), despite the…

A recent study shows that insurance companies are now more interested in developing and offering innovative insurance services.

The Central Insurance company of Iran has banned seven companies from selling third-party auto insurance policies because of their failure to meet CII's deadline for cutting ties with…

The Central Insurance company of Iran's recent decision to ban companies from selling policies via unauthorized websites has created a stir.  

The Central Insurance company of Iran Thursday warned insurance companies and agents against offering services through unauthorized applications and websites.

Innovators and experts have again criticized insurance companies for their aversion to technological developments. Speaking at a conference in Tehran, Hamed Valipour, the founder of Bimito…

The insurance industry regulator says more insurance companies is a necessity for increasing the penetration rate of insurers and enhancing service quality, head of the Central Insurance company…

Insurance companies are required to enhance resilience and  increase their capital before the current fiscal year is out in March, head of the Central Insurance company of Iran said.…

Iran Insurance Company, the sole state-owned and largest domestic insurance company has finalized its long-awaited plans for boosting capital, the CEO said.

Iran Insurance Company, the largest player and the only firm owned by the government, will boost its capital by 200 trillion rials ($910 million). According to Risknews, the measure was…

Insurance and life insurance companies sold 7.14 million life insurance policies in the last Iranian year that ended in March, posting 4.5% growth compared with the year before.  The…

Iranian insurance companies generated 817.3 trillion rials ($3.43 billion) in premium income in the last fiscal year (March 2020-21) posting 37.8% growth compared to the year before. Data…

The Central Insurance company of Iran, the industry regulator, has increased the premium for compulsory third-party auto insurance by 37% for the next fiscal year (starts March 21), following…

The total number of health insurance policies sold by Iranian  companies in the first eleven months of the current fiscal year (ends March 20) plunged 90% to 372,886. 

The High Council of Insurance, the top regulatory body of Iran’s insurance industry, has approved a proposal for establishing a reinsurance company. Tehran Reinsurance Company will be the fifth…

Iranian insurance companies paid 94.25 trillion rials ($348.6 million) in medical claims in the first ten months of the current fiscal year that ends in March, posting 29.14% increase compared…

Insurance companies in Iran generated 48.01 trillion rials ($192 million) in premium during the first eight months of the fiscal year (March-Nov 2020) up 23.9% compared to the same period  …

Central Insurance company of Iran has proposed amending the third-party auto insurance law to remove the ceiling on claims by owners of expensive cars. 

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 higher taxes on…

Insurance companies paid 26 trillion rials ($104 million) to hospitals and medical centers mostly to compensate medical bills related to Covid-19, head of the Central Insurance company of Iran…

The Central Insurance company of Iran, the industry’s regulatory body, is in the process of setting up a special fund to cover 30 million homes against natural disasters. 

The High Council of Insurance, Iran’s main insurance authority gave the green light to two new insurance companies last week -- Pars Reinsurance Company and Charisma Life Insurance Company.

Following approval by the Majlis and Guardian Council, the long-awaited Natural Disaster Insurance Fund will be established in the next fiscal year. It will cover homes against all natural…