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.