(MENAFN) Iran was found to have recorded a boost in its insurance industry due to premiums, reaching USD1.28 billion in the first six months of the Iranian fiscal year.
Egtesadonline reported the amount collected in the insurance industry to be accounting for a 25.4 percent jump.
The Iran Insurance Company alone had the possession of one-third of the generated profits, while the remaining was owned by private insurance firms.
Head of Central Insurance of Iran Gholamreza Soleimani Amiri stated: "we're trying to increase the share of private insurance firms because we believe in promoting private enterprises."
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