published by: Admin
Insurance Premium Income Up 37 Percent
Iranian insurance companies generated 817.3 trillion rials ($3.43 billion) in premium income in the last fiscal year (March 2020-21) posting 37.8% growth compared to the year before.
Data released by the Central Insurance company of Iran, the industry regulator, show third-party vehicle insurance still tops the list alone generating one-third of the premium income.
Insurance companies sold 24.7 million third-party auto insurance policies last year worth 274 trillion rials ($1.15 billion). This was a 33.5% and 36% growth in premium income and the total policies sold.
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