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Iran Insurance

  • EghtesadOnline: New US sanctions are likely to prevent the use of a Lloyd’s of London IT platform for any Iran insurance, adding to difficulties for European insurers providing cover for the country.

  • EghtesadOnline: Ratings agency Capital Intelligence Ratings (CI Ratings) says in a recent report on Iran’s insurance industry that growth in premiums has looked strong in the nominal view in recent years, but less so in an inflation-adjusted perspective, as real growth was achieved only in two recent years (FYE 2015 and FYE 2017).

  • 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: The government successfully sold its shares in Alborz Insurance Company on Saturday to a consortium made up of pension funds and an investment company.

  • EghtesadOnline: The Central Insurance of Iran has published rules to regulate the operations of online marketers linking companies offering insurance services with applicants.

  • EghtesadOnline: Lawmakers have forced the insurance industry to pay millions of dollars more in taxes to the government in a move that has irked the head of Central Insurance of Iran, the entity in charge of regulating the industry.

  • EghtesadOnline: The Iranian insurance industry issued 42.7 million insurance policies in the first nine months of the current fiscal year to Dec. 21, 2017, which indicate an increase of 20%, the head of the Central Insurance of Iran, the industry’s regulator, announced.

  • EghtesadOnline: Iranian insurance companies have paid out over 35 million claims during the previous fiscal to March 20, 2017, which indicates a growth of 10 million compared to its previous year.

  • EghtesadOnline: A local startup has launched a platform dubbed ‘Bitmeh’ allowing people to buy insurance policy online.

  • 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–barring Iran Insurance Company–are the only firms in which the government still holds a stake.