According to Iranian insurance supervisory authorities, 17 of the country’s 26 insurers have a solvency ratio that enables them to meet their engagements. The same authorities called upon customers to take this indicator into account when choosing their insurer.
Among those insurers singled out in terms of solvency ratio, Iran Moein Insurance comes first (589%) followed by Sarmad Insurance (366%), Mellat Insurance (233%) and Ma Insurance (196%). Iran Insurance and Hafez Insurance are trailing behind, which compels them to submit a recovery plan to the authorities with the obligation to slash their portfolio, lower salaries and review their strategy.
Among reinsurers, Amin Re and Iranian Reinsurance respectively exhibit a solvency ratio of 1636% and 738%.