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Iran Insurance Report Q4 2017

Iran Insurance Report Q4 2017

BMI View: This quarter, we maintain a fairly dismal view of the prospects for Iran's insurance sector. The partial easing of economic sanctions against Iran in early 2016 does not appear to have had a significant impact on Iran's insurance sector. The various challenges that have constrained the development of the life segment (high inflation and low household incomes) and the non-life segment (lack of access by insurers to capital, reinsurance and know-how from outside the country) remain in place. Penetration (premiums as a percentage of GDP) will likely remain at a low level in both major segments.

Latest Updates And Key Forecasts

Iran's insurance sector will likely grow at high single digit rates in USD terms for much of the forecast period. This is largely because of fundamental factors driving growth in the motor vehicle and health insurance sub-sectors of the non-life segment. Motor vehicle insurance volumes will increase thanks to an expansion in the car fleet. Demographic factors are boosting healthcare spending and, therefore, demand for health insurance.

BMI Industry View
Table: Headline Insurance Forecasts (Iran 2014-2021)
Industry Forecast
Life Premiums Forecast
Table: Life Premiums (Iran 2014-2021)
Table: Life Claims (Iran 2010-2015)
Non-Life Premiums Forecast
Table: Non-Life Premiums (Iran 2014-2021)
Table: Non-Life Claims (Iran 2010-2015)
Non-Life Sub-Sector Forecast
Table: Non-Life Insurance Premiums by Product Line (Iran 2014-2021)
Insurance Risk/Reward Index
Middle East And North Africa Insurance Risk/Reward Index
Table: Middle East And North Africa Insurance Risk/Reward Index, Q4 2017
Market Overview
Life Market Overview
Product Offering
Competitive Landscape
Non-Life Market Overview
Product Offering
Competitive Landscape
Company Profile
Bimeh Alborz
Bimeh Asia
Bimeh Dana
Bimeh Iran
Table: Bimeh Iran Financial Results (USD)
Parsian Insurance
Industry Forecast Methodology
Sector-Specific Methodology
Risk/Reward Index Methodology
Table: Indicators
Table: Weighting of Indicators

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