rss

Earnings Growth for Insurance coverage Firm Brokers

[ad_1]


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 act in a way that ensures the share of agents is transparent,” Gholamreza Soleymani was quoted as saying during a visit to the CII  Investigation and Anti-Money Laundering Department. 

The number of insurance agents registered an annual growth of 17% to reach close to 64,000 by March 2019, according to the CII. The total number of branches of insurance firms across the country reached 1,258 by March 2019 – up 6% compared to the year before. 

The total number of brokers increased by 35% and reached 834 by the end of the previous year. 

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

[ad_2]
Source link

Related Articles

Leave a Reply

Back to top button
Close