Private Iranian insurers account for more than 60% of the market’s premiums
According to Iranian supervisory authorities, Central Insurance of Iran, the 24 Iranian private insurance companies accounted for 62.2% of the market’s premiums during the 2016/2017 year which ended on March, 2017. Iran Insurance Company (IIC), the only insurer with State equity, detained the remaining 37.8%.
During the same year, the market’s turnover attained 277 200 billion IRR (8.54 billion USD), posting a 22.5% year-on-year progression. Asia Insurance, Dana, Alborz, Parsian, Pasargad, Moalem and Karafarin accounted for 82.8% of the premiums generated by the entire private players.
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