Iran: Insurance industry records 60% jump in total premiumsReprints
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.