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Personal Accident and Health Insurance in Iran, Key Trends and Opportunities to 2020

Personal Accident and Health Insurance in Iran, Key Trends and Opportunities to 2020

Synopsis

Timetric’s 'Personal Accident and Health Insurance in Iran, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Iranian personal accident and health insurance segment, and a comparison of the Iranian insurance industry with its regional counterparts.

It provides 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, 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 'Personal Accident and Health Insurance in Iran, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Iranian personal accident and health insurance segment, including:

  • An overview of the Iranian personal accident and health insurance segment
  • The Iranian personal accident and health insurance segment’s growth prospects by category
  • A comprehensive overview of the Iranian economy and demographics
  • A comparison of the Iranian personal accident and health insurance segment with its regional counterparts
  • The various distribution channels in the Iranian personal accident and health insurance segment
  • Details of the competitive landscape in the personal accident and health insurance segment in Iran
  • Details of regulatory policy applicable to the Iranian insurance industry
Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in Iran:
  • It provides historical values for the Iranian personal accident and health 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 personal accident and health insurance segment, and market forecasts to 2020.
  • It provides a comparison of the Iranian personal accident and health insurance segment with its regional counterparts
  • It provides an overview of the various distribution channels for personal accident and health insurance products in Iran.
  • It profiles the top personal accident and health 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 personal accident and health insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Iranian personal accident and health insurance segment.
  • Assess the competitive dynamics in the personal accident and health 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
  • In March 2017, Iran’s Guardian Council, a 12–member body, approved the Third Party Insurance Bill. This will ensure no gender discrimination while compensating to road accident victims.
  • 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.
  • Traffic accidents in Iran cause a daily loss of IRR320.0 billion (US$8.5 million), which in a year amounts to 8% of the country’s gross domestic product.
  • In December 15, 2016, the Audit Organization of Iran (AIO) published a circular mandating all large listed companies, including banks, insurance companies and other financial institutions, to comply with International Financial Reporting Standards (IFRS) from March 2017.


  • Key Facts and Highlights
    • Table Iranian Personal Accident and Health Insurance – Key Facts, 2015
    • Table Iranian Personal Accident and Health Insurance – Top Insurers, 2015
  • Executive Summary
  • Economy and Demographics
  • Segment Outlook
    • Regional Comparison
    • Segment Indicators
      • Gross written premium and penetration
        • Table Iranian Personal Accident and Health Insurance – Gross Written Premium (IRR Trillion and US$ Billion), 2011–2015
        • Table Iranian Personal Accident and Health Insurance – Penetration (%), 2011–2015
        • Table Iranian Personal Accident and Health Insurance – Gross Written Premium (IRR Billion and US$ Billion), 2015–2020
        • Table Iranian Personal Accident and Health Insurance – Penetration (%), 2015–2020
        • Table Iranian Personal Accident and Health Insurance – Premium per Capita (IRR Thousand and US$), 2011–2015
        • Table Iranian Personal Accident and Health Insurance – Premium per Capita (IRR Thousand and US$), 2015–2020
      • Policies sold
        • Table Iranian Personal Accident and Health Insurance – Number of Policies Sold (Million), 2011–2015
        • Table Iranian Personal Accident and Health Insurance – Number of Policies Sold (Million), 2015–2020
      • Claims
        • Table Iranian Personal Accident and Health Insurance – Paid Claims (IRR Trillion and US$ Billion), 2011–2015
        • Table Iranian Personal Accident and Health Insurance – Paid Claims (IRR Trillion and US$ Billion), 2015–2020
      • Profitability
        • Table Iranian Personal Accident and Health Insurance – Profitability Ratio (%), 2011–2015
        • Table Iranian Personal Accident and Health Insurance – Profitability Ratio (%), 2015–2020
      • Assets and investments
        • Table Iranian Personal Accident and Health Insurance – Total Assets (IRR Trillion and US$ Billion), 2011–2015
        • Table Iranian Personal Accident and Health Insurance – Total Assets (IRR Trillion and US$ Billion), 2015–2020
        • Table Iranian Personal Accident and Health Insurance – Total Investment Income (IRR Trillion and US$ Million), 2011–2015
        • Table Iranian Personal Accident and Health Insurance – Total Investment Income (IRR Trillion and US$ Million), 2015–2020
  • Outlook by Category
    • Table Iranian Personal Accident and Health Insurance – Direct Written Premium by Category (IRR Trillion), 2011–2015
    • Table Iranian Personal Accident and Health Insurance – Direct Written Premium by Category (IRR Trillion), 2015–2020
    • Personal Accident Insurance
      • Premium
        • Table Iranian Personal Accident Insurance – Direct Written Premium (IRR Trillion and US$ Million), 2011–2015
        • Table Iranian Personal Accident Insurance – Direct Written Premium (IRR Trillion and US$ Million), 2015–2020
      • Policies
        • Table Iranian Personal Accident Insurance – Number of Policies Sold (Million), 2011–2015
        • Table Iranian Personal Accident Insurance – Number of Policies Sold (Million), 2015–2020
      • Claims
        • Table Iranian Personal Accident Insurance – Paid Claims (IRR Trillion and US$ Million), 2011–2015
        • Table Iranian Personal Accident Insurance – Paid Claims (IRR Trillion and US$ Million), 2015–2020
      • Profitability
        • Table Iranian Personal Accident Insurance – Loss Ratio (%), 2011–2015
        • Table Iranian Personal Accident Insurance – Loss Ratio (%), 2015–2020
    • Health Insurance
      • Premium
        • Table Iranian Health Insurance – Direct Written Premium (IRR Trillion and US$ Billion), 2011–2015
        • Table Iranian Health Insurance – Direct Written Premium (IRR Trillion and US$ Billion), 2015–2020
      • Policies
        • Table Iranian Health Insurance – Number of Policies Sold (Thousand), 2011–2015
        • Table Iranian Health Insurance – Number of Policies Sold (Thousand), 2015–2020
      • Claims
        • Table Iranian Health Insurance – Paid Claims (IRR Trillion and US$ Billion), 2011–2015
        • Table Iranian Health Insurance – Paid Claims (IRR Trillion and US$ Billion), 2015–2020
      • Profitability
        • Table Iranian Health Insurance – Loss Ratio (%), 2011–2015
        • Table Iranian Health Insurance – Loss Ratio (%), 2015–2020
  • Distribution Channel Outlook
  • Competitive Landscape
    • Table Iranian Personal Accident and Health Insurance – 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 Personal Accident and Health Insurance Industry – Policies and Premium, 2011–2015
      • Table Iranian Personal Accident and Health Insurance Industry – Policies and Premium, 2015–2020
    • Claims and Expenses
      • Table Iranian Personal Accident and Health Insurance – Claims and Expenses, 2011–2015
      • Table Iranian Personal Accident and Health Insurance – Claims and Expenses, 2015–2020
    • Assets and Investments
      • Table Iranian Personal Accident and Health Insurance – Assets and Investments, 2011–2015
      • Table Iranian Personal Accident and Health Insurance – Assets and Investments, 2015–2020
    • Personal Accident Insurance
      • Table Iranian Personal Accident and Health Insurance – Personal Accident Insurance, 2011–2015
      • Table Iranian Personal Accident and Health Insurance – Personal Accident Insurance, 2015–2020
    • Health Insurance
      • Table Iranian Personal Accident and Health Insurance – Health Insurance, 2011–2015
      • Table Iranian Personal Accident and Health Insurance – Health Insurance, 2015–2020
    • Health Insurance by Product
      • Table Iranian Personal Accident and Health Insurance – Health by Product, 2011–2015
      • Table Iranian Personal Accident and Health Insurance – Health by Product, 2015–2020
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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