Baku, Azerbaijan, Nov. 28
By Khalid Kazimov – Trend:
The amount of earned premiums by the Iranian insurance industry indicated a surge of 22.6 percent over the last fiscal year (starting March 20).
According to the latest report by the industry regulator, the amount of total premiums collected by Iranian insurance companies over the last fiscal year reached $8.9 billion (280.1 trillion rials).
In this period, Iran ranked 42nd in the world regarding the amount of earned premiums.
The report further suggested that life insurance accounted for 13.5 percent of the total earned premiums.
While the insurance penetration rate was 2.2 percent, the per capital premium over the last year stood at $112 (3,500,000 rials).