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Non-Life Insurance in Iran, Key Trends and Opportunities to 2020

Non-Life Insurance in Iran, Key Trends and Opportunities to 2020

Synopsis

Timetric’s 'Non-Life Insurance in Iran, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Iranian non-life insurance segment, and a comparison of the Iranian insurance industry with its regional counterparts.

It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2011–2015) and forecast period (2015–2020).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Iranian economy and demographics, explains the various types of natural hazard and their impact on the Iranian insurance industry, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary

Timetric’s 'Non-Life Insurance in Iran, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Iranian non-life insurance segment, including:

  • The Iranian non-life segment’s detailed outlook by product category
  • A comprehensive overview of the Iranian economy and demographics
  • A comparison of the Iranian non-life insurance segment with its regional counterparts
  • The various distribution channels in the Iranian non-life insurance segment
  • Detailed analysis of natural hazards and their impact on the Iranian insurance industry
  • Details of the competitive landscape in the non-life insurance segment in Iran
  • Details of regulatory policy applicable to the Iranian insurance industry
Scope

This report provides a comprehensive analysis of the non-life insurance segment in Iran:
  • It provides historical values for the Iranian non-life insurance segment for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.
  • It offers a detailed analysis of the key categories in the Iranian non-life insurance segment, and market forecasts to 2020.
  • It provides a comparison of the Iranian non-life insurance segment with its regional counterparts
  • It analyzes the various distribution channels for non-life insurance products in Iran.
  • It analyzes various natural hazards and their impact on the Iranian insurance industry
  • It profiles the top non-life insurance companies in Iran, and outlines the key regulations affecting them.
Reasons To Buy
  • Make strategic business decisions using in-depth historic and forecast market data related to the Iranian non-life insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Iranian non-life insurance segment.
  • Assess the competitive dynamics in the non-life insurance segment.
  • Identify growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the Iranian insurance industry, and their impact on companies and the industry's future.
Key Highlights
  • According to the United Nations Children's Fund (Unicef), road traffic accidents killed around 28,000 people in Iran in 2016, and either injured or disabled more than 300,000.
  • According to the International Organization of Motor Vehicle Manufacturers, Iran was the 14th largest car manufacturer in the world in 2016.
  • In March 2017, Iran’s crude oil exports reached 3.0 million barrels for the first time since 1979. The export of crude oil averaged 2.5 million barrels per day during January 2016 and February 2017.
  • In February 9, 2017, the Central Insurance of Iran (CII) and Central Bank of Armenia signed an agreement of mutual cooperation between insurance and reinsurance business.
  • In December 22, 2016, the European airplane manufacturer Airbus signed a contract with Iran Air to sell 100 jets with delivery starting from January 2017. The value of this deal is expected to be IRR 310.3 trillion (US$10.0 billion).


  • Key Facts and Highlights
    • Table Iranian Non-Life Insurance - Key Facts, 2015
    • Table Iranian Non-Life Insurance - Top Insurers, 2015
  • Executive Summary
  • Economy and Demographics
  • Segment Outlook
    • Regional Comparison
    • Segment Indicators
      • Gross written premium and penetration
        • Table Iranian Non-Life Insurance - Gross Written Premium (IRR Trillion and US$ Billion), 2011-2015
        • Table Iranian Non-Life Insurance - Penetration (%), 2011-2015
        • Table Iranian Non-Life Insurance - Gross Written Premium (IRR Trillion and US$ Billion), 2015-2020
        • Table Iranian Non-Life Insurance - Penetration (%), 2015-2020
        • Table Iranian Non-Life Insurance - Premium per Capita (IRR Thousand and US$), 2011-2015
        • Table Iranian Non-Life Insurance - Premium per Capita (IRR Thousand and US$), 2015-2020
      • Policies sold
        • Table Iranian Non-Life Insurance - Number of Policies Sold (Million), 2011-2015
        • Table Iranian Non-Life Insurance - Number of Policies Sold (Million), 2015-2020
      • Claims
        • Table Iranian Non-Life Insurance - Paid Claims (IRR Trillion and US$ Billion), 2011-2015
        • Table Iranian Non-Life Insurance - Paid Claims (IRR Billion and US$ Billion), 2015-2020
      • Profitability
        • Table Iranian Non-Life Insurance - Profitability Ratio (%), 2011-2015
        • Table Iranian Non-Life Insurance - Profitability Ratio (%), 2015-2020
      • Assets and investments
        • Table Iranian Non-Life Insurance - Total Assets (IRR Trillion and US$ Billion), 2011-2015
        • Table Iranian Non-Life Insurance - Total Assets (IRR Trillion and US$ Billion), 2015-2020
        • Table Iranian Non-Life Insurance - Total Investment Income (IRR Trillion and US$ Million), 2011-2015
        • Table Iranian Non-Life Insurance - Total Investment Income (IRR Trillion and US$ Million), 2015-2020
  • Outlook by Category
    • Table Iranian Non-Life Insurance - Direct Written Premium by Category (IRR Trillion), 2011-2015
    • Table Iranian Non-Life Insurance - Direct Written Premium by Category (IRR Trillion), 2015-2020
    • Property Insurance
      • Product overview
      • Premium
        • Table Iranian Property Insurance - Direct Written Premium by Sub-Category (IRR Trillion), 2011-2015
        • Table Iranian Property Insurance - Direct Written Premium by Sub-Category (IRR Trillion), 2015-2020
      • Policies sold
        • Table Iranian Property Insurance - Number of Policies Sold by Sub-Category (Million), 2011-2015
        • Table Iranian Property Insurance - Number of Policies Sold by Sub-Category (Million), 2015-2020
      • Claims
        • Table Iranian Property Insurance - Paid Claims (IRR Trillion and US$ Million), 2011-2015
        • Table Iranian Property Insurance - Paid Claims (IRR Trillion and US$ Million), 2015-2020
      • Profitability
        • Table Iranian Property Insurance - Loss Ratio (%), 2011-2015
        • Table Iranian Property Insurance - Loss Ratio (%), 2015-2020
    • Motor Insurance
      • Product overview
      • Premium
        • Table Iranian Motor Insurance - Direct Written Premium by Sub-Category (IRR Trillion), 2011-2015
        • Table Iranian Motor Insurance - Direct Written Premium by Sub-Category (IRR Trillion), 2015-2020
      • Policies sold
        • Table Iranian Motor Insurance - Number of Policies Sold by Sub-Category (Million), 2011-2015
        • Table Iranian Motor Insurance - Number of Policies Sold by Sub-Category (Million), 2015-2020
      • Claims
        • Table Iranian Motor Insurance - Paid Claims (IRR Trillion and US$ Billion), 2011-2015
        • Table Iranian Motor Insurance - Paid Claims (IRR Trillion and US$ Billion), 2015-2020
      • Profitability
        • Table Iranian Motor Insurance - Loss Ratio (%), 2011-2015
        • Table Iranian Motor Insurance - Loss Ratio (%), 2015-2020
    • Liability Insurance
      • Product overview
      • Premium
        • Table Iranian Liability Insurance - Direct Written Premium by Sub-Category (IRR Trillion), 2011-2015
        • Table Iranian Liability Insurance - Direct Written Premium by Sub-Category (IRR Trillion), 2015-2020
      • Policies sold
        • Table Iranian Liability Insurance - Number of Policies Sold (Thousand), 2011-2015
        • Table Iranian Liability Insurance - Number of Policies Sold (Thousand), 2015-2020
      • Claims
        • Table Iranian Liability Insurance - Paid Claims (IRR Trillion and US$ Million), 2011-2015
        • Table Iranian Liability Insurance - Paid Claims (IRR Trillion and US$ Million), 2015-2020
      • Profitability
        • Table Iranian Liability Insurance - Loss Ratio (%), 2011-2015
        • Table Iranian Liability Insurance - Loss Ratio (%), 2015-2020
    • Marine, Aviation and Transit Insurance
      • Product overview
        • Table Iranian Transport Network - Global Rankings
      • Premium
        • Table Iranian Marine, Aviation and Transit Insurance - Direct Written Premium by Sub- Category (IRR Trillion), 2011-2015
        • Table Iranian Marine, Aviation and Transit Insurance - Direct Written Premium by Sub- Category (IRR Trillion), 2015-2020
      • Policies sold
        • Table Iranian Marine, Aviation and Transit Insurance - Number of Policies Sold (Thousand), 2011-2015
        • Table Iranian Marine, Aviation and Transit Insurance - Number of Policies Sold (Thousand), 2015-2020
      • Claims
        • Table Iranian Marine, Aviation and Transit Insurance - Paid Claims (IRR Billion and US$ Million), 2011-2015
        • Table Iranian Marine, Aviation and Transit Insurance - Paid Claims (IRR Billion and US$ Million), 2015-2020
      • Profitability
        • Table Iranian Marine, Aviation and Transit Insurance - Loss Ratio (%), 2011-2015
        • Table Iranian Marine, Aviation and Transit Insurance - Loss Ratio (%), 2015-2020
  • Distribution Channel Outlook
  • Natural and Man-Made Hazards
    • Flooding
    • Droughts
    • Earthquakes
    • Landslides
    • Snowstorms
    • Exposure
  • Competitive Landscape
    • Table Iranian Non-Life Segment - Leading Insurers, 2015
    • Company Profiles
      • Iran Insurance Company - company overview
        • Table Iran Insurance Company - Key Facts
      • Asia Insurance Company - company overview
        • Table Asia Insurance Company - Key Facts
      • Dana Insurance Company - company overview
        • Table Dana Insurance Company - Key Facts
      • Alborz Insurance Company - company overview
        • Table Alborz Insurance Company - Key Facts
      • Parsian Insurance Company - company overview
        • Table Parsian Insurance Company - Key Facts
  • Governance, Risk and Compliance
    • Table Iran - Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulation
    • Legislation and Market Practice by Type of Insurance
      • Life insurance
        • Table Iran - Life Insurance Regulatory Framework
      • Property insurance
        • Table Iran - Property Insurance Regulatory Framework
      • Motor insurance
        • Table Iran - Motor Insurance Regulatory Framework
      • Liability insurance
        • Table Iran - Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Motor third-party liability insurance
      • Liability insurance for ships with respect to oil pollution
      • Social security insurance
    • Supervision and Control
      • International Association of Insurance Supervisors
      • Central Insurance of Iran
    • Non-Admitted Insurance Regulations
      • Overview
      • Intermediaries
      • Market practices
      • Fines and Penalties
    • Company Registration and Operations
      • Type of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
      • Solvency margin
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table Iran - Corporate Tax Rates for the Financial Year 2017
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution
  • Databook
    • Policies and Premium
      • Table Iranian Insurance Industry - Policies and Premium, 2011-2015
      • Table Iranian Insurance Industry - Policies and Premium, 2015-2020
    • Claims and Expenses
      • Table Iranian Non-Life Insurance - Claims and Expenses, 2011-2015
      • Table Iranian Non-Life Insurance - Claims and Expenses, 2015-2020
    • Assets and Investments
      • Table Iranian Non-Life Insurance - Assets and Investments, 2011-2015
      • Table Iranian Non-Life Insurance - Assets and Investments, 2015-2020
    • Property Insurance
      • Table Iranian Non-Life Insurance - Property Insurance, 2011-2015
      • Table Iranian Non-Life Insurance - Property Insurance, 2015-2020
    • Property Insurance by Product
      • Table Iranian Non-Life Insurance - Property Insurance by Product, 2011-2015
      • Table Iranian Non-Life Insurance - Property Insurance by Product, 2015-2020
    • Motor Insurance
      • Table Iranian Non-Life Insurance - Motor Insurance, 2011-2015
      • Table Iranian Non-Life Insurance - Motor Insurance, 2015-2020
    • Motor Insurance by Product
      • Table Iranian Non-Life Insurance - Motor Insurance by Product, 2011-2015
      • Table Iranian Non-Life Insurance - Motor Insurance by Product, 2015-2020
    • Liability Insurance
      • Table Iranian Non-Life Insurance - Liability Insurance, 2011-2015
      • Table Iranian Non-Life Insurance - Liability Insurance, 2015-2020
    • Marine, Aviation and Transit Insurance
      • Table Iranian Non-Life Insurance - Marine, Aviation and Transit Insurance, 2011-2015
      • Table Iranian Non-Life Insurance - Marine, Aviation and Transit Insurance, 2015-2020
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • Timetric's Services
    • Disclaimer

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