Liability Risk and Insurance
Accidents and premiums rise in Iran
There are only 5mn cars on Iranian roads but last year’s death rate rose 10% to 17,000. Quoting traffic expert Mahmoud al-Kateb,
the newspaper
Entekhab
reported their estimated cost as US$2bn a year. State insurers recently raised motor premium rates by 120%. The high accident
and death rate has been blamed on the country’s old vehicle fleet (mostly locally made Paykans based on the 1960s Hillman
Hunter), bad roads and disregard for traffic rules.