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According to the Iranian supervisory authority, Central Insurance of Iran, more than 140 foreign insurance and reinsurance companies would like to enter the local market. This craze comes a few months after the lifting of the economic sanctions imposed on the country for several years.
The Iranian insurance market is attractive to foreign investors: a premium volume of 7 billion USD in 2015, an average annual growth rate of 9.5%, a population of nearly 80 million and a low penetration rate (2% of GDP).
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