Italy Insurance Q1 2019
We continue to hold a bearish outlook for the Iranian insurance sector in the latest Q1 2019 update. We are of the viewthat the Trump administration’s withdrawal from the Iran nuclear agreement will cause significant currency and macroeconomicuncertainty in the country that will provide a weak environment for insurance industry growth. This move will depress investorsentiment in the country and discourage foreign insurance carriers from doing business in the embryonic market. Additionally, anumber of headline issues will further plague market growth including high inflation, poor product awareness and a tensegeopolitical standoff with the United States. Over the long-term, the market contains a significant degree of organic growth that willonly be unlocked after major sociopolitical, economic and international relations reforms are undertaken.
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