Banking and insuranceEconomical

Iran Insurance at the highest level of financial wealth of the insurance industry


According to the Iran Economist, quoting the public relations of Iran Insurance, the Central Insurance of the Islamic Republic of Iran in a letter to Seyed Majid Bakhtiari, CEO of Iran Insurance, announced the financial wealth ratio of Iran Insurance Company for 1400 equal to 109 percent and “level one” کرد.

It should be noted that insurance companies that are at the level of a financial wealth, are in excellent condition and their wealth ratio can be 100% or in some cases even higher. Also, these companies have a good ability to fulfill their obligations to insurers and their rights holders.

Despite its high financial strength, Iran Insurance has been introducing a planned list of financial affluence ratios at lower levels for several years due to criteria and factors such as legal obligations and the harsh conditions of oppressive economic sanctions. And the purposeful efforts of all employees, experts, managers, representatives and sales network of the company in various technical, financial and investment fields, achieved acceptable achievements, especially in 1998 and 1999, and a significant growth in the production of rights. Insurance, reduction of coefficients and ratios of losses, obtaining maximum return on investments, operating profit and. . . Achieved to remain well-known and well-respected by all compatriots.

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