published by: Admin
Insurance Sector Reports 38% Growth in Premium Income
Insurance companies in Iran generated 528 trillion rials ($3.3 billion) from selling 64.2 million policies during the eleven months to February 21, registering a 38.7% increase in premium and 10% growth in the total number of policies sold.
Data released by the Central Insurance of Iran shows that third-party auto policies again accounted for the largest portion of the premium, with nearly one-third of the income.
Premium generated by selling third-party auto policies reached 179 trillion rials ($1.118 billion), up 41% compared to the same period last year.
Medical insurance premium increased by 30% to reach 125 trillion rials ($781 million) during the period. This category accounted for 23% of the premium.
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