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Privatization of Insurance Companies is a Must


2017-12-20

View: 114
I ran's biggest annual insurance event played host to two ministers on Monday, one of whom vowed that he will be a catalyst rather than an impediment to insurance privatization for the country to faster achieve its vast potential in the industry.

"The privatization of insurance companies is a must and as I am personally of the belief that the three insurance companies owned by the governme (Countinue ....)



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


2017-10-29

View: 140
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 (Countinue ....)



Iran Insurance Growth at 20%


2017-10-21

View: 138
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.

According to the president of the Central Insurance of Iran, this growth was achieved through the persistent efforts of Iranian insuran (Countinue ....)



Financial Risks, Insurance and Reinsurance in Geneva Conference on Iranian Post-Sanctions Economy


2017-08-21

View: 199
A conference on Iran’s post-sanctions economy is scheduled be held at the Geneva Chamber of Commerce, Industry and Services on September 28, concurrent with an Iranian economic delegation’s visit to Switzerland, Tehran Chamber of Commerce, Industries, Mines and Agriculture announced on Tuesday.

The conference titled “Iran, 20 Months after the Lifting of International Sanctions: Overview (Countinue ....)



18% Growth in Iran Life Insurance Premiums


2017-08-13

View: 221
I ranian insurance companies have registered an 18% growth in life insurance premium incomes in the first quarter of the current Iranian year (March 21-June 21), the head of Central Insurance of Iran company announced.

“The demand for purchasing life insurance policies has increased [in recent months], which is the result of insurers’ efforts to raise public awareness about the advantages o (Countinue ....)



Insurance Schemes Offered to Iranian Knowledge-Based Firms


2017-07-24

View: 239
The Knowledge-Based Companies and Institutions Center affiliated to the Office of the Vice Presidency and the Central Insurance company have jointly developed a program for providing knowledge-based startups with insurance.

Until now startup firms and their usually low-paid employees had no access to insurance due to the current system in place offering insurance schemes only to registered comp (Countinue ....)



Munich Re Signs 1st Post-Sanctions Deal With Iran


2017-07-24

View: 242
Iran's Saman Insurance Company has signed a contract with the world's largest reinsurance company Munich Re, the CEO of Saman Insurance said on Wednesday.

“Based on the contract, risks in life insurance and capital formation categories are reinsured by Munich Re,” Ahmadreza Zarrabieh also told a press conference, IBENA reported.

The German firm has become the first foreign reinsurer to s (Countinue ....)



Iran, Norway Ink MoU on Insurance Services


2016-08-24

View: 508
Iran and Norway signed a memorandum of understanding (MoU) to boost cooperation between the two countries in various fields of insurance.

Officials of the Export Guarantee Fund of Iran (EGFI) and the Norwegian Export Credit Guarantee Agency (GIEK) inked the agreement to cooperate in diverse fields, including common insurance coverage in third countries, reinsurance, and exchange of business cre (Countinue ....)



Ratings on Iranian Economy Under Way


2016-07-02

View: 453
Fitch Ratings will be commencing its long paused activity on the Iranian economy soon, according to Iran Newspaper. A rep from Fitch has approved this after some talks with the Iranian officials.

However, the Fitch rep denied giving any information regarding the release of the first reports any time soon.

"European and Asian Banks are on their way back to Iran and some of the medium an (Countinue ....)



Iran, Germany to boost joint investment: Insurance at the Top of the Agenda


2016-01-12

View: 578
TEHRAN, Jan. 12 (MNA) "“ Iran`s minister of industry, trade, and mines has said Iran and Germany will work to boost joint ventures in Iranian and German markets.

Mohammadreza Nematzedeh and former German Chancellor Gerhard Schroeder met in Tehran on Tuesday to discuss bilateral trade and joint ventures. "Our government and nation has always been promoting peace and friendship in the region an (Countinue ....)



Eighteen Bilateral Meetings Planned for the Iranian and Foreign Insurance Companies


2015-11-28

View: 490
Referring to the significance of identifying post-sanction requirements in the insurance industry and calling for more cooperation in the current state, Mohammad Mehdi Mahmoodi, Executive Committee Secretariat for 22nd NICOID, announced that the "roundtable for investment opportunities" will be held beside 22nd NICOID. He also added that based on the requests by the domestic insurance entities and (Countinue ....)


Financial Supervision over Insurance Companies, our Top Priority


2015-11-24

View: 533
Supervision is in line with market conditions; when insurance market gets matured enough, naturally supervision becomes limited and unique, as well.

At a meeting with managing directors of insurance companies, Mr. Amin, the President of Bimeh Markazi Iran (Central Insurance of IR Iran), stated that ideally the concern of supervisory authority is to control solvency margin of insurance companies (Countinue ....)



Iran: Excitement for re/insurers in opening up of Iranian market


2015-08-14

View: 583
The lifting of trade restrictions placed on Iran may present a significant opportunity for the MENA re/insurance market, with European participants also expected to re-engage and seek a foothold in the country.

In a briefing titled "Sanctions Removal to Attract Insurers and Reinsurers to Iranian Market," A.M. Best anticipates the re/insurance community will be excited by the prospects in Iran (Countinue ....)



Iran: Business potential dampened by impediments to growth


2015-08-02

View: 718
The lifting of sanctions on Iran would open up one of the largest emerging markets to foreign investment and trade, with huge potential across a range of sectors - in particular oil and gas and various consumer markets. However, there are structural impediments to growth, particularly within the business environment, according to BMI Research, a financial information services company which is part (Countinue ....)


Iran: Health insurance to reach 10 million slum residents


2015-04-27

View: 621
The Iranian Health Minister has said that 10 million slum residents across the country will receive health insurance plans in the following six months.

There are 10 million people living in slums in Iran, Mr Hassan Qazizadeh Hashemi said. He added that 1.2 million residents of slums and rural areas around the city of Mashhad have so far been given insurance plans, reported the Tehran Times.

(Countinue ....)



Iran: Export insurance coverage increases by 30%


2014-12-08

View: 775
Iran\'s Export Guarantee Fund has seen a 30% increase in insurance coverage in the first eight months of this year compared to the corresponding period last year, according to the fund\'s Managing Director, Mr Taher Shah-Hamed. During the period, about IRR14 trillion (US$520 million) of export insurance coverage was processed.

He said that the current capital of the fund stands at about US$195 (Countinue ....)



Iran: International insurer opens office in Teheran


2014-11-15

View: 886
The international insurance group, Nasco Karaoglan Group, has opened an office in Teheran.

Mr Gabriel Bejjani, President of Nasco Karaoglan France (NKF), said that Iran's insurance sector would become competitive as foreign insurance companies resume operations in the country, reported Islamic Republic News Agency.

He also said that the Iranian insurance sector would attain a status in the c (Countinue ....)



Iran: Insurers to receive US$674 mln from govt to cover drug costs


2014-10-27

View: 612
The Iranian government has allocated over US$674.2 million to cover the costs of drugs for incurable diseases, as well as expensive medicines.

The figure will be paid to insurance companies in the current Iranian fiscal year which ends on 20 March next year, to cover part of the costs, Mr Mohammad Bagher Houshangi, member of the board of directors of Iran`s Health Insurance Organization has sai (Countinue ....)



President of Bimeh Markazi Visited Fars News Agency


2014-08-26

View: 835
President of Bimeh Markazi Iran (Central Insurance of I.R. Iran) visited Fars News Agency and had a meeting with its Chief in July.
At this meeting, Mr. Amin pointing to the complexities of some news contents stated, \"It is among the duties of media to establish a balance of information within the society.\"

Accordingly, the President noted that risk management in the society is done through (Countinue ....)



Nine Iranian Insurers Raise Capital


2014-08-24

View: 583
Adhering to the schedule approved by the High Council of Insurance, nine Iranian insurance companies have increased their minimum capital.

Financial Supervision Vice Presidency of Bimeh Markazi Iran (Central Insurance of I.R. Iran) have recently announced that parallel with Cabinet approval and according to statistics received from Iranian insurance companies, nine insurers so far increased th (Countinue ....)


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