Risk retention cap for insurers announced

Iran insurance company at the top of list ( based on their risk retention capacity )Bime Iran insurance

A report by the Central Insurance of Iran (CII), rating domestic insurers based on their risk retention capacity, placed the state-owned Iran Insurance Company at the top of list. 

According to the report published on the CII website, IIC is capable of handling risks worth at 18.61 trillion rials ($162 million).

The report is based on the balance sheets of insurance companies released on September 29. 

Asia Insurance Company came in second with a risk retention capacity of 4.56 trillion rials ($39.8 million) followed by Alborz Insurance Company.  

Capable of accepting risks to the tune of 3.74 trillion rials ($32.6 million), Alborz managed to rise from fourth place in the previous report to third.