News MiddleEast25 Oct 2017

Iran:Insurance industry sees premiums jump by 20% since March

25 Oct 2017

Iranian insurance companies' premiums during the first half of the current fiscal year (which started on 21 March) reached IRR166 trillion (US$4.15 billion), representing an increase of 20% compared with the corresponding period of last year.

Of the total, life insurance policies sold were worth more than IRR22 trillion, marking growth of 35% year-on-year, reported Financial Tribune citing the industry regulator, Central Insurance of Iran (CII).

The CII is promoting life insurance, and has been working on implementing structural changes in insurers’ reserves. It requires insurers to split life and non-life reserves to enhance the efficiency of their investments.


 


 

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