Novin Insurance Company
Novin Insurance Company Public Joint Stock is a Tehran-headquartered insurer listed on Iran Fara Bourse under the symbol نوین. It provides personal and commercial insurance, including property, liability, engineering, energy, motor, cargo, life and health cover, through a national branch and agency network. The company matters to buyers of local risk transfer and to investors evaluating Iran’s listed insurance sector.
Market position
A listed Iranian insurer with more than 50 active branches and 2,284 agencies as of 2023. It recorded Level One financial solvency for seven consecutive years through 2023.
Operations & footprint
Products and services
Novin Insurance Company provides insurance services across property, liability, engineering and energy, individual life and accident, motor, cargo, group personal insurance, fire insurance, health-related coverage, special insurance plans, claims services, agency distribution, and investment of insurance reserves.
Operations and assets
The company’s operating platform comprises more than 50 active branches and 2,284 agencies as of 2023, supporting policy distribution and claims servicing across personal and commercial insurance lines. Its stated capital was IRR 5,000 billion in 2023.
Geographic footprint
Headquartered in Tehran, with an Iranian branch and agency distribution network.
Ownership & group structure
Ownership
Novin Insurance was founded with participation from Bank Eghtesad Novin, Behshahr Industrial Development Company, Iran Construction Investment Company and Stratos International Contracting Company.
Commercial and investment relevance
Novin Insurance is relevant for investors analyzing Iran's insurance-sector depth, corporate-risk coverage, household protection products, cargo and engineering insurance, and listed financial-sector instruments. It can support screening of business continuity risks, project insurance availability, claims inflation, reserve management, and underwriting quality. For due diligence, analysts should review the latest disclosures, solvency measures, product-line concentration, investment assets, agency-network performance, and exposure to inflation-sensitive claim categories. Novin Insurance is relevant to companies and project sponsors seeking local cover for property, liability, engineering, energy, cargo, motor and employee health risks. Its agency network also provides a route to retail and group-policy distribution in Iran.
Constraints, risk & compliance
Key risks and constraints
Underwriting and claims exposure spans inflation-sensitive motor, health, property and liability lines, while engineering, energy and cargo cover can concentrate losses around large assets, projects and shipments. Investment returns on insurance reserves also affect financial performance.
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Frequently asked questions
Direct answers to the questions most likely to arise when reviewing this profile.
What insurance products does Novin Insurance provide?
Novin Insurance provides fire and property, liability, engineering and energy, motor, marine cargo, life, accident, health and group insurance, alongside claims services and reinsurance cession.
Is Novin Insurance listed?
Yes. Novin Insurance is listed on Iran Fara Bourse under the ticker symbol نوین.
Where is Novin Insurance headquartered?
Novin Insurance is headquartered in Tehran, Iran, at Mirdamad Boulevard near Mother Square.
How extensive is Novin Insurance’s distribution network?
As of 2023, the company had more than 50 active branches and 2,284 agencies.