News Categories

Singapore delivered bunker premiums hit record high

28 August 2019 - 19:46
A shortage of bunker fuel and barges in Singapore has sent delivered premiums for 380cst high-sulphur fuel oil (HSFO) to record highs.

Third-Party Vehicle Insurance Disliked

22 August 2019 - 09:38
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.

Iran elected vice-chair of Asian Reinsurance Corporation

5 August 2019 - 02:24
In its 13th shareholders’ meeting on July 28, Asian Reinsurance Corporation (ARC) members selected Gholamreza Soleimani, the governor of Iran’s Central Insurance (CII), as the corporation’s vice chairman and board member.

Startups Enter Insurance Industry

28 July 2019 - 21:23
Insurance industry plans to allow startups to handle 10% of Iran’s insurance market in the current fiscal year that started on March 21, said the head of Central Insurance company of Iran.

Official: Iran’s Insurance Industry Unaffected by Sanctions

5 December 2018 - 20:14
Director of the Central Insurance of Iran said the country’s insurance industry has successfully avoided being affected by the anti-Iran sanctions.

Life Insurance in Iran Underdeveloped

25 November 2017 - 12:27
The share of life insurance in the overall portfolio of the Iranian insurance industry is meager, a fact that a board member of Middle East Insurance Company, which specializes in life insurance, ascribes to the lack of an insurance culture in the country.

Insurers Assessing Iran Quake Losses

20 November 2017 - 11:55
Iranian insurance companies have started evaluating the losses caused by the recent massive earthquake that shook the western Kermanshah Province near the Iraqi border and processing payment of compensations.

Iran's Mellat Insurance, SCOR Finalize Reinsurance Deal

24 October 2017 - 10:10
Mellat Insurance, affiliated with Bank Mellat, announced that it has signed a contract with France’s SCOR SE, based on which the major reinsurer will provide excessive loss coverage for Mellat.

Iran Insurance Growth at 20%

19 October 2017 - 13:03
The collective figure of Iranian insurance companies’ premiums during the first half of the current fiscal year to Sept. 22 has reached 166 trillion rials ($4.15 billion), which indicates an increase of 20% compared with the corresponding period of last year.

Insurance Industry’s Four-Year Outlook

8 October 2017 - 09:26
The president of the Central Insurance of Iran elaborated on the four-year outlook of Iran’s insurance industry through the end of President Hassan Rouhani’s second and final term in office.
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