Banking and insuranceEconomical

43.6% growth in Asian insurance sales


According to the monetary financial news quoted by Asia Insurance Public Relations, Asia Insurance paid more than 34 thousand billion Rials in damages to insurers and only 38% growth in the first eight months of 1400, reducing the index of loss-to-production ratio by 1.8 points. Compared to the same period last year.
The report adds 38.4 percent growth in body insurance, 28.2 percent in life and savings insurance, 42.1 percent in liability insurance, 80 percent in freight insurance, 37.4 percent in fire insurance, 44.3 percent Percentage of life and accident insurance, 96.3% of engineering insurance, 51.9% of third party insurance and 42.6% of treatment at the end of the eight months of 1400, indicate the continuing trend of production premiums and improving the composition of the Asian insurance portfolio. Compared to the same period last year.

According to the report, Asia Insurance during this period, with the accurate implementation of the expert process and quality supervision, saw a decrease of 20.3 units in the loss ratio in fire insurance, 15.1 units in third party insurance, 10.4 units in insurance. Life and savings rates were 4.7 units in liability insurance and 1.1 units in engineering insurance.

Leave a Reply

Back to top button