Iran Insurance News

The High Council of Insurance, the top regulatory body of Iran insurance industry, is expected to grant operational license to a new reinsurance company in the near future.  Pars…

Iranian insurance companies are working to develop an integrated insurance market platform, to help insurers efficiently transfer risks to reinsurance companies.  The integrated market is…

The Central Insurance company of Iran, the body in charge of regulating the industry, announced that four new insurance companies will open soon  "Investors are interested in starting…

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  forex rates…

The Central Insurance company of Iran, the regulatory body of the market, has warned agents against receiving insurance premium stressing that premiums must be paid directly to the insurance…

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 due to the…

The Central Insurance company of Iran, the regulatory body, has plans to require insurers to convert all insurance procedures into digital format by the end of the current fiscal year in March…

Following digitizing plans for the insurance industry, the Central Insurance company of Iran Monday unveiled new supervisory platforms for the transport and fire insurance categories.  The…

Iran Insurance Company has given 15 trillion rials ($65 million) in credit to policyholders who could not afford to pay their premiums due to the problems created by Covid-19. "The credit was…

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 against agents…

Iranian insurance companies cover nearly $500 billion worth of risks, says Gholamreza Soleimani, president of the Central Insurance company of Iran (CII) – regulator of the insurance industry.…

Iranian insurance companies generated 270 billion rials ($1.35 million) selling marine insurance policies in the first two months of current fiscal year (started March 2020) to register 65%…

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 in various…

Insurance companies collectively generated about 86 trillion rials ($357 million) in premiums in the first two months (March 20-May 20) of the current fiscal year, marking 31.4% growth compared…

Saman Insurance Company has extended its frontier by launching a subsidiary insurance company in Iraq. According to a press release published on the company's website, the insurer aims to help…

Data released by the Iranian insurance regulator show that insurers managed to increase their premium income by selling less popular insurance types such as fire and liability insurance. …

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) saying…

Most insurance companies have stopped issuing personal auto policies, following orders from the Central Insurance company of Iran (CII) to digitize their operations in this category. But it has…

The Central Insurance company of Iran has ordered insurance companies to convert before the end of the week all personal auto policies into electronic format.  Gholamreza Soleimani,…

Most Iranian insurance companies are pessimistic about the industry's future under the influence of Covid-19. Even though the direct and short-term blow of the virus on the insurance sector…

Iran Insurance Research Center has reviewed the impact of covid-19 spread on the key industry, projecting a decline of 15.07% in premiums in the first quarter (March 21-June 1) of the current…

Iranian Insurers’ Syndicate has asked the Ministry of Economy for financial aid to the industry burdened by the impact of the coronavirus spread. Mohammad Karimi, the IIS secretary general in a…

Most Iranian insurance companies have managed to meet the government's requirements regarding minimum capital to be able to operate. 

Central Insurance company of Iran (CII), the regulatory body of the industry, has issued a license for a new life insurance company ‘Baran Life Insurance’ company. 

Insurance companies in Iran generated 528 trillion rials ($3.3 billion) from selling 64.2 million policies during the eleven months to February 21, registering a 38.7% increase in premium and 10…