Feb 8, 2020, 6:14 PM
Journalist ID: 2382
News Code: 83666372
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Iran turning into West Asia's biggest reinsurer

Tehran, Feb 8, IRNA - Managing director of Iran Insurance Company while referring to the growth of the insurance industry during the sanctions era highlighted that Iran's promotion into the biggest reinsurer of West Asia by the end of this current Iranian year(starting on March 21) will be realized despite the US pressures and embargos.

Mohammad Reza Rezaei told reporters on Saturday that over 40 billion tomans of Diyat in the country are paid by Iran's state insurance.

He said that only seven percent of homes in the country are covered by the insurance, stating that by actively participating in the occurrence of various accidents and paying compensation at the site, efforts are being made to develop the insurance industry.

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