Iran Insurance Q3 2019
We retain a negative short-term outlook for the Iranian insurance sector in the latest Q3 2019 update. The headlinemacroeconomic environment will remain poor with with real GDP and private final consumption levels collapsing in the face ofcrippling global sanctions over 2019. Furthermore, rampant inflation and a weak currency will further erode purchasing power andsavings while a tense geopolitical standoff with the United States and Saudi Arabia looms in the background. Over the long-term,the market contains a significant degree of organic growth that will only be unlocked after major socio-political, economic andinternational relations reforms have been undertaken.
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