EghtesadOnline: 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 aspects.
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.
EghtesadOnline: Iran’s insurance companies generated about 110 trillion rials ($2.5 billion) in premiums during the first four months of the current fiscal year that ended on July 22, up by 23.4% compared with the same period of last year, the new head of Central Insurance of Iran said.
EghtesadOnline: Gholamreza Soleimani Amiri, the former director of Social Security Organization, secured the approval of President Hassan Rouhani’s Cabinet on Wednesday to replace Abdolnasser Hemmati as the new head of Central Insurance of Iran.
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 companies. According to the latest list calculated based on the latest approved balance sheets of insurance companies published by IBENA on Saturday, Iran Insurance Company, the only fully state-run insurer and a major market force, once again kept it prominence and holds the highest allowed risk retention capacity at more than 17.75 trillion rials ($413.46 million).
EghtesadOnline: The Central Insurance of Iran, the industry’s main regulator, signed an agreement with the Russian National Reinsurance Company on Wednesday.
EghtesadOnline: Former Bank Melli CEO and president of Central Insurance of Iran, Abdolnasser Hemmati, chaired a board of directors’ meeting of Asian Reinsurance Corporation in Bangkok, Thailand, on Friday.
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 the year before, the head of Central Insurance of Iran said.
EghtesadOnline: Foreign insurers have established four representative offices in Iran and another insurer has applied for a license to establish such an office, according to the head of Central Insurance of Iran, the industry’s sole regulator and main negotiator of deals with foreign counterparts.
EghtesadOnline: The Central Insurance of Iran, the industry’s regulator, welcomes offers by Iranian insurers to provide coverage against cyber assaults, CII’s president said.