The excellence of Iran’s insurance in the country’s insurance industry with 34 thousand billion rials of allowed risk acceptance capacity

According to the report of Iran Economist, citing Iran’s insurance public relations, based on the table published by the Central Insurance, Iran Insurance Joint Stock Company has maintained its excellence in the country’s insurance industry with about 34 thousand billion rials of authorized risk acceptance capacity.
According to this report, Iran Insurance Joint Stock Company with 33,982 billion Rials, Pasargad Insurance with 13,815 billion Rials, Asia Insurance with 10,475 billion Rials, Dana Insurance with 8,122 billion Rials, Alborz Insurance with 7358 billion Rials and Parsian Insurance with 5412 billion have the highest risk acceptance capacity among insurance companies.
According to the approval of the Supreme Council of Insurance, from the beginning of 1401, the maximum allowed holding capacity of the insurance institution for each insurance policy or each risk is equal to twenty percent of the amount of the available capital (the subject of paragraph 10 of article (1) of the regulation on how to calculate and monitor the financial solvency of insurance institutions) After deducting supplementary technical reserve and natural risks, all insurance fields are liabilities. Issuing an insurance policy for risks whose amount is more than the insurance institution’s maintenance is allowed only if the insurance institution has acquired insurance coverage for the excess part.
* The table of the latest permitted risk holding capacity of insurance companies
(based on information from the latest approved financial statements)