Iran: Insurance industry records 60% jump in total premiums

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Official figures reveal that the Iranian insurance industry recorded a 60% increase in overall premiums to 140 trillion Iranian rials ($5.61 billion) for the Mar. 21 2013 to Feb. 20 2014 period.

Mahdi Hosseini, vice president of the Supervision Department of Central Insurance of Iran, said insurers in the private-sector account for 54.6% of the market, Middle East Insurance Review reported.

The regulator intends to set up specialized insurers, Mr. Hosseini said.

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