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.
EghtesadOnline: The newly-purchased ATRs by Iran Air, the country’s national carrier, have been covered by Iran Insurance Company, the company’s deputy for ships, aircraft and cargo insurance announced.
EghtesadOnline: Central Insurance of Iran, the industry’s sole regulator, is not pursuing the reduction of the state-owned Iran Insurance Company’s market share, as it holds high untapped potential, the CII chief said.
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.
EghtesadOnline: After Iran’s nuclear deal, the insurance industry’s international dealings have significantly increased, as Italian and German firms are keen on buying the shares of state-owned Iran Insurance Company, the president of Central Insurance of Iran said.