Alborz insurance increased its capital by 43%

According to Alborz Insurance Public Relations, the company’s capital increased by 43% from 28.848 thousand billion Rials to 35 thousand billion Rials.

This report indicates that, according to the performance and profitability of Alborz Insurance Company, the board of directors in 2019, in order to comply with the regulations and accept a higher maintenance share and to improve the internal reliability acceptance capacity, proposed a capital increase from the amount of 14,424 billion Rials to the amount of 35,000 billion proposed Rials in two stages, the first stage of which was done last year and the capital of this company increased to 28.848 thousand billion Rials last year and this year with an increase of 43% to 35 thousand billion Rials, thus the financial prosperity of Alborz Insurance It increased to accept risk and insurance operations.

According to this report, since 2011, Alborz Insurance Company has been able to achieve a level of financial prosperity among insurance companies, which means that this company has more than 100% ability to fulfill its obligations to insurers.