Iran Life and Health insurance market research providing market share of major players, gross premium written, penetration, density.

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2. TABLE OF CONTENTS
1.
Iran Insurance Market Introduction and Size by Gross Written Premiums, 2007-2012
2.
Iran Insurance Market Segmentation by Life and Non-Life, 2007-2012
3.
Iran Life Insurance Market
3.1.
Iran Life Insurance Market Introduction and Size, 2007-2012
3.2.
Future Projections for Iran Life Insurance Market, 2013-2017
4.
Iran Non-Life Insurance Market
4.1.
Iran Non-Life Insurance Market Size, 2007-2012
4.2.
Iran Non-Life Insurance Market Segmentation, 2007-2012
4.3.
Future Projections for Iran Non-Life Insurance Market, 2013-2017
5.
Iran Motor Third Party Liability Insurance Market
5.1.
Iran Motor Third Party Liability Insurance Market Introduction and Size, 2007-2012
5.2.
Future Projections for Iran Motor Third Party Liability Insurance Market, 2013-2017
6.
Iran Health Insurance Market
6.1.
Iran Health Insurance Market Introduction and Size, 2007-2012
6.2.
Future Projections for Iran Health Insurance Market, 2013-2017
7.
Iran Motor Property Damage Insurance Market
7.1.
Iran Motor Property Damage Insurance Market Introduction and Size, 2007-2012
7.2.
Future Projections for Iran Motor Property Damage Insurance Market, 2013-2017
8.
Iran Liability Insurance Market
8.1.
Iran Liability Insurance Market Introduction and Size, 2007-2012
8.2.
Future Projections for Iran Liability Insurance Market, 2013-2017
9.
Iran Fire Insurance Market
9.1.
Iran Fire Insurance Market Introduction and Size, 2007-2012
9.2.
Future Projections for Iran Fire Insurance Market, 2013-2017
10.
10.1.
Iran Accident Insurance Market
Iran Accident Insurance Market Introduction and Size, 2007-2012
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3. 10.2.
11.
Future Projections for Iran Accident Insurance Market, 2013-2017
11.1.
Iran Engineering Insurance Market
12.
Iran Engineering Insurance Market Introduction and Size, 2007-2017
12.1.
Iran Cargo/Marine Insurance Market
13.
Iran Cargo/Marine Insurance Market Introduction and Size, 2007-2017
13.1.
Iran Oil and Energy Insurance Market
14.
Iran Oil and Energy Insurance Market Introduction and Size, 2007-2017
14.1.
Iran Aviation Insurance Market
15.
Iran Aviation Insurance Market Introduction and Size, 2007-2017
15.1.
Iran Other Insurance Market
Iran Other Insurance Market Introduction and Size, 2007-2017
16.
Market Share of Major Players in Iran Insurance Market, 2011 and 2012
17.
Government Regulations in Iran Insurance Market
18.
Iran Insurance Market Future Outlook and Projections, 2013-2017
19.
Company Profiles of Major Players in Iran Insurance Market
20.
Macroeconomic Factors
20.1.
Population, 2007-2017
20.2.
Healthcare Expenditure, 2007-2017
20.3.
GDP at Current Prices, 2007-2017
21.
Appendix
21.1.
Market Definition
21.2.
Abbreviations
21.3.
Research Methodology
Data Collection Methods
Approach
Variables (Dependent and Independent)
Multi Factor Based Sensitivity Model
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4. Final Conclusion
21.4.
Disclaimer
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5. LIST OF FIGURES
Figure 1: Iran Insurance Market Size on the basis of Gross Written Premiums in USD Million,
2007-2012
Figure 2: Iran Insurance Market Segmentation by Life and Non-Life on the basis of Gross Witten
Premiums in Percentage, 2007-2012
Figure 3: Iran Life Insurance Market Size on the basis of Gross Written Premiums in USD
Million, 2007-2012
Figure 4: Iran Life Insurance Market Future Projections on the basis of Gross Written Premiums
in USD Million, 2013-2017
Figure 5: Iran Non-Life Insurance Market Size on the basis of Gross Written Premiums in USD
Million, 2007-2012
Figure 6: Iran Non-Life Insurance Market Segmentation on the basis of Gross Written Premiums
in Percentage, 2007-2012
Figure 7: Israel Non-Life Insurance Market Future Projections on the basis of Gross Written
Premiums in USD Million, 2013-2017
Figure 8: Iran Motor Third Party Liability Insurance Market Size on the basis of Gross Written
Premiums in USD Million, 2007-2012
Figure 9: Iran Motor Third Party Liability Insurance Market Future Projections on the basis of
Gross Written Premiums in USD Million, 2013-2017
Figure 10: Iran Health Insurance Market Size on the basis of Gross Written Premiums in USD
Million, 2007-2012
Figure 11: Iran Health Insurance Market Future Projections on the basis of Gross Written
Premiums in USD Million, 2013-2017
Figure 12: Iran Motor Property Damage Insurance Market Size on the basis of Gross Written
Premiums in USD Million, 2007-2012
Figure 13: Iran Motor Property Damage Insurance Market Future Projections on the basis of
Gross Written Premiums in USD Million, 2013-2017
Figure 14: Iran Liability Insurance Market Size on the basis of Gross Written Premiums in USD
Million, 2007-2012
Figure 15: Iran Liability Insurance Market Future Projections on the basis of Gross Written
Premiums in USD Million, 2013-2017
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6. Figure 16: Iran Fire Insurance Market Size on the basis of Gross Written Premiums in USD
Million, 2007-2012
Figure 17: Iran Fire Insurance Market Future Projections on the basis of Gross Written Premiums
in USD Million, 2013-2017
Figure 18: Iran Accident Insurance Market Size on the basis of Gross Written Premiums in USD
Million, 2007-2012
Figure 19: Iran Accident Insurance Market Future Projections on the basis of Gross Written
Premiums in USD Million, 2013-2017
Figure 20: Iran Engineering Insurance Market Size on the basis of Gross Written Premiums in
USD Million, 2007-2017
Figure 21: Iran Cargo/Marine Insurance Market Size on the basis of Gross Written Premiums in
USD Million, 2007-2017
Figure 22: Iran Oil and Energy Insurance Market Size on the basis of Gross Written Premiums in
USD Million, 2007-2017
Figure 23: Iran Aviation Insurance Market Size on the basis of Gross Written Premiums in USD
Million, 2007-2017
Figure 24: Iran Other Insurance Market Size on the basis of Gross Written Premiums in USD
Million, 2007-2017
Figure 25: Iran Insurance Market Future Projections on the basis of Gross Written Premiums in
USD Million, 2013-2017
Figure 26: Iran Population in Million, 2007-2017
Figure 27: Iran Healthcare Expenditure in USD Million, 2007-2017
Figure 28: Iran GDP at Current Prices in USD Million, 2007-2017
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7. LIST OF TABLES
Table 1: Loss Ratio of Major Segments in Iran Insurance Market in Percentage, 2007-2011
Table 2: Iran Insurance Market Insurance Density in USD and Insurance Penetration in
Percentage, 2007-2011
Table 3: Iran Insurance Market Sales Network in Numbers, 2007-2011
Table 4: Market Share of Major Players in Iran Insurance Market on the Basis of Gross Written
Premium in Percentage, 2011 and 2012
Table 5: Gross Written Premium by Major Players in Iran Insurance Market in USD Million,
2011 and 2012
Table 6: Competitive Landscape of Major Players in Israel Insurance Market
Table 7: Correlation Matrix for Iran Health Insurance Market
Table 8: Regression Coefficients Output
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8. IRAN INSURANCE MARKET INTRODUCTION AND SIZE
BY GROSS WRITTEN PREMIUMS, 2007-2012
…The insurance premiums underwritten in the country has increased robustly during the last five
years from USD ~ million in 2007 to USD ~ million in 2012 registering a CAGR of ~% during
2007-2012. The global rank of the insurance industry of the country is 44 in terms of total
premiums underwritten. The premium underwritten per person in the Islamic Republic of Iran
has increased significantly over the years and was USD ~ in 2010 and USD ~ in 2011…
Figure: Iran Insurance Market Size on the basis of Gross Written Premiums in USD
Million, 2007-2012
12,000.0
USD Million
10,000.0
8,000.0
6,000.0
4,000.0
3,382.4
2,000.0
0.0
2007
2008
2009
2010
2011
2012P
Table: Iran Insurance Market Insurance Density in USD and Insurance Penetration in
Percentage, 2007-2011
Particulars
2007
2008
2009
2010
2011
Insurance Density (Premiums per Capita in USD)
Insurance Penetration (Direct Premiums/GDP in %)
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9. Table: Iran Insurance Market Sales Network in Numbers, 2007-2011
Particulars
2007
2008
2009
2010
2011
Number of Companies
Branches
Agents
Life insurance agents
Brokers
Loss adjusters
IRAN LIFE INSURANCE MARKET
IRAN LIFE INSURANCE MARKET INTRODUCTION AND SIZE,
2007-2012
…The gross life premiums underwritten in the country have increased from USD ~ million in
2007 to USD ~ million in 2012 at a robust CAGR of ~% during 2007-2012. The various
initiatives taken by the central market regulator Bimeh Markazi to expand the life insurance
market of the country such as opening the market and introducing new products such as annuity,
housewives’ annuity, disability insurance and coverage for disasters such as earthquake and fire
has helped in making the life insurance products popular among the people of the country…
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10. Figure: Iran Life Insurance Market Size on the basis of Gross Written Premiums in USD
Million, 2007-2012
1,200.0
USD Million
1,000.0
800.0
600.0
400.0
211.6
200.0
0.0
2007
2008
2009
2010
2011
2012P
IRAN NON-LIFE INSURANCE MARKET SEGMENTATION, 20072012
Iran’s non-life insurance market is classified into thirteen segments which include – motor third
party liability, health, motor property damage, liability, fire, accident, engineering, cargo/marine,
oil and energy, aviation, credit, hull and others. Motor third party liability is the largest non-life
insurance segment and contributes ~% to the non-life premiums generated in the country. This is
followed by health which contributes ~% in terms of gross premiums underwritten…
Figure: Iran Non-Life Insurance Market Segmentation on the basis of Gross Written
Premiums in Percentage, 2007-2012
Non-Life Insurance Segments
2007
2008
2009
2010
2011
2012P
Motor (Third Party Liability)
Health
8.9%
Motor (Property Damage)
Liability
Fire
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11. Accident
5.9%
Engineering
Cargo/Marine
Oil and Energy
1.3%
2.8%
Aviation
Credit
Hull
Others
IRAN MOTOR THIRD PARTY LIABILITY INSURANCE
MARKET
IRAN MOTOR THIRD PARTY LIABILITY INSURANCE MARKET
INTRODUCTION AND SIZE, 2007-2012
…The insurance companies in the country generated USD ~ million of compulsory motor third
party liability insurance premiums in 2012 which increased from USD ~ million of premiums in
the year 2007 registering a robust growth at a CAGR of ~% during 2007-2012. The share of the
segment also increased from ~% in 2007 to ~% in 2012 in the non-life insurance market of the
country.
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12. Figure: Iran Motor Third Party Liability Insurance Market Size on the basis of Gross
Written Premiums in USD Million, 2007-2012
6,000.0
5,000.0
USD Million
4,000.0
3,000.0
1,838.9
2,000.0
1,000.0
0.0
2007
2008
2009
2010
2011
2012P
FUTURE PROJECTIONS FOR IRAN HEALTH INSURANCE MARKET,
2013-2017
The health insurance market of Iran is projected to continue to remain the second largest
contributor in the non-life premiums generated in the country after motor third party liability
insurance where the share of the segment is expected to increase to ~% in 2017 from ~% in
2012. Moreover, the segment is expected to remain the fastest growing non-life insurance
segment during 2012-2017 where the underwritten health insurance premiums are estimated to
expand at a CAGR of ~% during the same period…
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13. Figure: Iran Health Insurance Market Future Projections on the basis of Gross Written
Premiums in USD Million, 2013-2017
10,000.0
9,000.0
8,000.0
6,744.3
USD Million
7,000.0
6,000.0
5,000.0
4,000.0
3,000.0
2,000.0
1,000.0
0.0
2013
2014
2015
2016
2017
MARKET SHARE OF MAJOR PLAYERS IN IRAN
INSURANCE MARKET, 2011
Iran Insurance (Bimeh Iran) is the largest player in insurance market of Iran. It is a state owned
company and holds ~% of market share in terms of gross written premiums. This is followed by
Asia which is second largest player and accounts for ~% of the total gross premiums. Alborz is
the third largest player with a share of ~% followed by Parsian with a contribution of ~%...
Table: Market Shares of Major Players in Iran Insurance Market on the Basis of Gross
Written Premium in Percentage, 2011 and 2012
Companies
2011
2012P
Iran (State Owned)
Asia
Alborz
Parsian
Dana
Tose'e
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14. Karafarin
Sina
Mellat
Moallem
Day
Novin
Pasargad
Razi
Saman
Kosar
Mihan
Iran Moein
Ma
Kish P&I Club
Hafez
Omid
Arman
IRAN INSURANCE MARKET FUTURE OUTLOOK AND
PROJECTIONS, 2013-2017
…These initiatives taken by the regulator are expected to significantly benefit the growth of the
insurance industry in Iran in coming years. The market is expected to increase to USD ~ million
in 2017 from USD ~ million in 2012 by registering a CAGR of ~% during 2012-2017 in a base
case analysis. However, in a best case scenario, the life and non-life segments are estimated to
increase at a CAGR of ~% and ~% respectively during 2012-2017 thereby propelling the growth
of the overall insurance market strongly at a CAGR of ~% during 2012-2017...
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15. Figure: Iran Insurance Market Future Projections on the basis of Gross Written Premiums
in USD Million, 2013-2017
45,000.0
40,000.0
35,000.0
USD Million
30,000.0
25,000.0
20,000.0
15,000.0
12,778
10,000.0
5,000.0
0.0
2013
2014
Worst
2015
Base
2016
2017
Best
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