Insurance Day in Iran is observed on December 4, celebrating the significance of insurance in providing security against financial loss. This date marks the anniversary of the issuance of the first insurance certificate in Iran in 1935, following the establishment of the Iran Insurance Company by the Minister of Finance. The day aims to promote the development of the insurance market by encouraging product diversity and highlighting the role of insurance companies in the economy and the welfare of citizens. The Iranian insurance industry, regulated by the Central Insurance of Iran, is dominated by state-owned entities, with the Iran Insurance Company holding a substantial market share. Despite its importance, the insurance penetration rate in Iran is significantly lower than the global average, with a large portion of premiums coming from car insurance. Insurance Day is considered a professional holiday by those working in the insurance sector.