Financial Tribune - Iran Insurance Company and Saman Insurance company have extended life insurance policies to cover hospitalization and death due to infection to the new coronavirus. Iran Insurance Company announced on Tuesday that life insurance policyholders will be eligible for the scheme without any change in the policies they bought earlier....

Financial Tribune - The insurance industry's profit amounted to 45 trillion rials ($346 million) in the current fiscal year (started March 2019), president of the Central Insurance company of Iran said, adding that agents and brokers had a big share of the gains. "Sales (by agents) accounted for nearly 30 trillion rials ($230 million). We need to ...

(Reuters) - In late January, a former deputy of conservative ex-president Mahmoud Ahmadinejad who has been jailed for embezzlement raised explosive allegations which have now spurred speculation Ahmadinejad himself could face charges. They were made in a private letter that was published by the Iranian Labour News Agency, giving a rare insight into ...

The Central Bank of Bahrain (CBB) says it has placed two Iranian financial institutions into administration. Bahrains media say this came into effect as of April 30, 2015. However, no explanation has been provided for the decision. The targeted Iranian enterprises are the Future Bank and the Iran Insurance Company. The CBB has announced in a ...