EghtesadOnline: Iran Insurance Company, the largest and the only state-owned insurance company in Iran, is planning to increase its capital to 110 trillion rials ($817 million) before the current fiscal year ends in March, the company CEO said.
EghtesadOnline: The latest appraisal of risk retention capacity of domestic insurance companies has placed state-owned Iran Insurance Company on the top.
EghtesadOnline: Iran Insurance Company, the largest and sole state-owned insurance company, is struggling to increase its share of the market from 30% to 50%.
EghtesadOnline: A report by the Central Insurance company of Iran (CII), rating domestic insurers based on their risk retention capacity, placed the state-owned Iran Insurance Company at the top of list.
EghtesadOnline: The government-owned Iran Insurance Company plans to increase its capital from 34 trillion rials ($300 million) now to 100 trillion rials ($870 million) by the time the current calendar year is out in March 2020, said a board member of IIC.
EghtesadOnline: CEO of the government-owned Iran Insurance Company says the fact that insurer has to pay 20% of third party vehicle premiums to relevant bodies has given rise to prospects for loss-making.
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: 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: Iran Insurance Company, the nation's sole state-owned insurer, plans to offer earthquake insurance policies for residential units, an official with the company said.
EghtesadOnline: Iran Insurance Company, the biggest state-owned insurer that will soon become the only government-run insurer after shares of other companies are sold, is to establish a first-of-its-kind specialized life insurance complex.