Record a positive balance of 4700 billion tomans of Asian insurance with a growth of 48%

According to the financial monetary news quoting the public relations of Asia Insurance and based on the latest activity report of Asia Insurance Company, ending in December 1400, this company was able to produce eight thousand 810 billion tomans of insurance premiums in the first nine months of this year. The same period last year has grown by more than 45% and also in this period, 4,110 billion tomans of compensation was compensated by the insurers of this company, which shows a 42% increase compared to the same period last year. Therefore, in this nine-month period, this stock insurance company was able to exceed the record of 12 months of last year and produce 428 billion tomans more than the whole of 1399 premiums.
During this period, Asia Insurance, in addition to increasing its production premiums by 45%, which shows good management in the marketing sector and expanding the company’s influence in the country’s insurance market, was able to pay damages by controlling and managing risk properly. Reduce the rate of increase in losses relative to the production of premiums. The growth rate of compensation in this period is 42%, which shows that the production premium of this company has grown 3% more than the compensation paid. This reduced the company’s loss ratio by more than one percent; So that the ratio of claims to premiums decreased from 47.7% at the end of December 1399 to 46.6% at the end of December 1400.
In this period, Asia Insurance was able to obtain a level of financial wealth with a ratio of 133% and a license to accept domestic reliance from Central Insurance.
Significant growth in financial and insurance indicators; Increasing the share of the insurance market, optimal risk management and significant reduction of the loss ratio, full realization of the operational plan and banking and stock market investments and technical reserves, as well as the approval of ISO 9001 certification were the good events of Asian insurance in this nine-month period.
Other notable measures in this period include focusing on the sale of life insurance through the introduction of new products and strengthening the sales network by attracting special agents, paying 38.2% interest to insurers in life and savings insurance, signing Memorandum of Understanding with Bank Mellat and the Tax Affairs Organization, extension of the contract of the seminary service center and the Customs Organization, extension of insurance coverage of more than 12,000 natives and residents of Kish and Hindurabi islands, opening of Ardabil Jam Jam branches, Shahid Rajaei branch in Urmia Behshahr branch, the new building of Asia Insurance in Qazvin province and the beginning of the Qom branch building project, receiving the statue of the top booth in the eighth exhibition of Kish Bank, Stock Exchange, Insurance and Privatization (Inox 2021) mentioned.
Asia Insurance also appreciates the efforts of the “Health Supporters” group in combating and preventing the spread of the corona virus, in the form of a “sense” plan to the “Health Supporters” group, including doctors, paramedics, nurses and all staff of hospitals and medical centers. , Provided special facilities for the purchase of life insurance and savings. In this regard, in order to facilitate the provision of medical services at home, it designed a new coverage of the responsibility of providing nursing services in homes under the professional liability insurance of paramedics. It offered coron insurance with family coverage and covered the costs of coronary heart disease up to a capital of 2 billion rials.