91% sales growth of cooperative insurance in May 1402
According to the financial news report, quoted by the world of insurance, Yunus Mazloumi, the CEO of Cooperative Insurance, has announced the company’s sales goal for this year to be more than 30 thousand billion Rials, which shows a 64% growth compared to last year, now and after 2 months of The sales of this company reached 2,589 billion and 149 million Rials with a growth of 63% compared to the same period last year.
This report shows that the production insurance premium of Cooperative Insurance has grown by 91% in May of this year compared to the same period last year and has reached the figure of 1,591 billion and 785 million Rials.
This is the only cooperative insurance company of Iran in the first 2 months of this year, it has paid 1,388,909,000,000 Rials in damages to policyholders and victims, and the loss ratio of this company has reached 83% at the end of May 1402.
In a report titled “Deciphering the 79% jump in the profit of cooperative insurance, the world of insurance previously reported that the sale of cooperative insurance last year and the estimate of 1402 shows that the company is moving according to the plan of the board of directors, because last year the company succeeded in selling 18 thousand 346 billion 426 million rials have been insured, which has registered a growth of 75% compared to 1400. For the next year, this company predicts a 64% growth in the production of insurance premiums and expects to increase the amount of sales to more than 30 thousand billion Rials.