19 Mar 2024
Tuesday 21 January 2020 - 15:49
Story Code : 368584

Payout ratio of insurers declines

Financial Tribune - Domestic insurance companies' total payout in the first nine months of the current fiscal year (March-December 2019) amounted to 220 trillion rials ($1.6 billion), with the auto and medical categories topping the list of claimants.

Insurers paid out 24.2% more year-on-year during the nine-month period, according to a report by IRNA.

As per data released by the Central Insurance company of Iran, insurers premium reached 430 trillion rials ($3.3 billion) during the period -- 41% higher than the same period last year.
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