Published: September 2013
Region: Iran
255 pages
Timetric
Synopsis
The report provides in depth segment analysis, information and insights into the Iranian non-life insurance segment, including:
- The Iranian non-life insurance segment’s growth prospects by non-life insurance categories
- The various distribution channels in the Iranian non-life insurance segment
- The competitive landscape in the non-life insurance segment in Iran
- A description of the non-life reinsurance segment in Iran
Summary
The Iranian non-life insurance segment’s performance during the review period was strongly influenced by GDP growth and an increase in the motor insurance category, driven by compulsory motor third-party liability insurance and the rising number of road accidents. A rise in premium cost also supported the growth of the segment. In the presence of such factors, the segment rose from IRR31.9 trillion (US$3.2 billion) in 2008 to IRR66.5 trillion (US$6.65 billion) in 2012, at a review-period CAGR of 20.1%. The threat of natural disasters, an anticipated growth in GDP, and growth in the property, motor and industrial sectors over the forecast period is expected to encourage future segment growth at a CAGR of 14.0% READ MORE>
1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 The Middle East Region Market Dynamics
3.1 Overview
3.1.1 Market Trends
3.1.2 Market Size
3.2 Non-Life Insurance
3.2.1 Scale and Penetration
3.2.2 Growth
3.2.3 Efficiency and Risk
4 Iranian Insurance Industry Attractiveness
4.1 Insurance Industry Size, 2008–2017
4.2 Key Industry Trends and Drivers
5 Non-Life Insurance Outlook
5.1 Non-Life Insurance Growth Prospects by Category
5.1.1 Property insurance
5.1.2 Fire and allied perils
5.1.3 Engineering insurance
5.1.4 Other property insurance
5.2 Motor Insurance
5.2.1 Motor hull
5.2.2 Motor third-party
5.3 General Third-party Insurance
5.4 Marine, Aviation and Transit Insurance
5.4.1 Marine insurance
5.4.2 Aviation insurance
5.4.3 Transit insurance
6 Analysis by Distribution Channels
6.1 Direct Marketing
6.2 Bancassurance
6.3 Agencies
6.4 E-commerce
6.5 Brokers
6.6 Other Channels
7 Porter’s Five Forces Analysis – Iranian Non-Life Insurance Segment
7.1 Bargaining Power of Supplier: Medium to High
7.2 Bargaining Power of Buyer: Low-to-Medium
7.3 Barriers to Entry: Medium
7.4 Intensity of Rivalry: Low-to-Medium
7.5 Threat of Substitutes: Low
8 Reinsurance Growth Dynamics and Challenges
8.1 Reinsurance segment size, 2008–2017
8.2 Reinsurance Segment Size by Type of Insurance, 2008–2017
9 Governance, Risk and Compliance
9.1 Legislation Overview and Historical Evolution
9.2 Regulations by Type of Insurance
9.2.1 Life insurance regulations
9.2.2 Property insurance regulations
9.2.3 Motor insurance regulations
9.2.4 Marine, aviation and transit insurance regulations
9.2.5 Personal accident and health insurance regulations
9.3 Compulsory Insurance
9.3.1 Motor third-party liability insurance
9.4 Supervision and Control
9.4.1 International Association of Insurance Supervisors (IAIS)
9.4.2 Central Insurance of Iran (CII)
9.5 Non-Admitted Insurance Regulations
9.5.1 Overview
9.5.2 Intermediaries
9.5.3 Market practices
9.5.4 Fines and penalties
9.6 Company Registration and Operations
9.6.1 Types of insurance organization
9.6.2 Establishing a local company
9.6.3 Foreign ownership
9.6.4 Types of license
9.6.5 Capital requirements
9.6.6 Solvency margins
9.6.7 Reserve requirements
9.6.8 Investment regulations
9.6.9 Statutory return requirements
9.6.10 Fee structure
9.7 Taxation
9.7.1 Insurance premium or policy taxation
9.7.2 Withholding taxes on premium paid overseas
9.7.3 Corporate tax
9.7.4 VAT
9.7.5 Captives
9.8 Legal System
9.8.1 Introduction
9.8.2 Access to court
9.8.3 Alternative dispute resolution (ADR)
10 Competitive Landscape and Strategic Insights
10.1 Overview
10.2 Leading Companies in the Iranian Insurance Industry
10.3 Iran Insurance Company – Company Overview
10.3.1 Iran Insurance Company – key facts
10.4 Asia Insurance Co. – Company Overview
10.4.1 Asia Insurance Co. – key facts
10.5 Alborz Insurance Co. – Company Overview
10.5.1 Alborz Insurance Co. – key facts
10.6 Parsian Insurance Co. – Company Overview
10.6.1 Parsian Insurance Co. – key facts
10.7 Dana Insurance Co. – Company Overview
10.7.1 Dana Insurance Co. – key facts
10.8 Toseh-eh Insurance Co. – Company Overview
10.8.1 Toseh-eh Insurance Co. – key facts
10.9 Karafarin Insurance Co. – Company Overview
10.9.1 Karafarin Insurance Co. – key facts
10.1 Mellat Insurance Co. – Company Overview
10.10.1 Mellat Insurance Co. – key facts
11 Business Environment and Country Risk
11.1 Business Confidence
11.1.1 Market capitalization trend – Tehran Stock Exchange, Iran
11.2 Economic Performance
11.2.1 GDP at constant prices (US$)
11.2.2 GDP per capita at constant prices (US$)
11.2.3 GDP at current prices (US$)
11.2.4 GDP per capita at current prices (US$)
11.2.5 GDP by key segments
11.2.6 Agriculture, hunting, forestry and fishing net output at current prices (IRR)
11.2.7 Agriculture, hunting, forestry and fishing net output at current prices (US$)
11.2.8 Agriculture, hunting, forestry and fishing net output at current prices as a percentage of GDP
11.2.9 Manufacturing net output at current prices (IRR)
11.2.10 Manufacturing net output at current prices (US$)
11.2.11 Manufacturing net output at current prices as a percentage of GDP
11.2.12 Mining, manufacturing and utilities net output at current prices (IRR)
11.2.13 Mining, manufacturing and utilities at current prices (US$)
11.2.14 Mining, manufacturing and utilities at current prices, as percentage of GDP
11.2.15 Construction net output at current prices (IRR)
11.2.16 Construction net output at current prices, (US$)
11.2.17 Construction net output at current prices as a percentage of GDP
11.2.18 Inflation rate
11.2.19 Exports as a percentage of GDP
11.2.20 Imports as a percentage of GDP
11.2.21 Exports growth
11.2.22 Imports growth
11.2.23 Annual average exchange rate IRR–US$
11.3 Infrastructure Quality and Availability
11.3.1 Commercial vehicles exports total value
11.3.2 Commercial vehicles imports total value
11.3.3 Automotive exports total value
11.3.4 Automotive imports total value
11.3.5 Total internet subscribers
11.4 Labor Force
11.4.1 Labor force
11.4.2 Unemployment rate
11.5 Demographics
11.5.1 Gross national disposable income (US$)
11.5.2 Total population
11.5.3 Urban and rural populations
11.5.4 Median age of population
11.5.5 Age distribution of the total population
12 Appendix
12.1 Methodology
12.2 Contact Timetric
12.3 About Timetric
12.4 Timetric’s Services
12.5 Disclaimer
List of Tables
Table 1: Insurance Industry Definitions
Table 2: Middle East Region – Insurance Penetration (% of GDP), 2011
Table 3: Middle East Region – Life Expectancy, 2000 and 2012
Table 4: Iranian Insurance – Overall Written Premium by Segment (IRR Billion), 2008–2012
Table 5: Iranian Insurance – Overall Written Premium by Segment (US$ Billion), 2008–2012
Table 6: Iranian Insurance – Overall Written Premium by Segment (IRR Billion), 2012–2017
Table 7: Iranian Insurance – Overall Written Premium by Segment (US$ Billion), 2012–2017
Table 8: Iranian Insurance – Segmentation (% Share), 2008–2017
Table 9: Iranian Non-Life Insurance – Written Premium by Category (IRR Billion), 2008–2012
Table 10: Iranian Non-Life Insurance – Written Premium by Category (US$ Million), 2008–2012
Table 11: Iranian Non-Life Insurance – Written Premium by Category (IRR Billion), 2012–2017
Table 12: Iranian Non-Life Insurance – Written Premium by Category (US$ Million), 2012–2017
Table 13: Iranian Non-Life Insurance – Earned Premium (IRR Billion), 2008–2012
Table 14: Iranian Non-Life Insurance – Earned Premium (IRR Billion), 2012–2017
Table 15: Iranian Non-Life Insurance – Paid Claims by Category (IRR Billion), 2008–2012
Table 16: Iranian Non-Life Insurance – Paid Claims by Category (US$ Million), 2008–2012
Table 17: Iranian Non-Life Insurance – Paid Claims by Category (IRR Billion), 2012–2017
Table 18: Iranian Non-Life Insurance – Paid Claims by Category (US$ Million), 2012–2017
Table 19: Iranian Non-Life Insurance – Incurred Loss by Category (IRR Billion), 2008–2012
Table 20: Iranian Non-Life Insurance – Incurred Loss by Category (US$ Million), 2008–2012
Table 21: Iranian Non-Life Insurance – Incurred Loss by Category (IRR Billion), 2012–2017
Table 22: Iranian Non-Life Insurance – Incurred Loss by Category (US$ Million), 2012–2017
Table 23: Iranian Non-Life Insurance – Loss Ratio (%), 2008–2012
Table 24: Iranian Non-Life Insurance – Loss Ratio (%), 2012–2017
Table 25: Iranian Non-Life Insurance – Commissions and Expenses (IRR Billion), 2008–2012
Table 26: Iranian Non-Life Insurance – Commissions and Expenses (IRR Billion), 2012–2017
Table 27: Iranian Non-Life Insurance – Combined Ratio (%), 2008–2012
Table 28: Iranian Non-Life Insurance – Combined Ratio (%), 2012–2017
Table 29: Iranian Non-Life Insurance – Frauds and Crimes (IRR Billion), 2008–2012
Table 30: Iranian Non-Life Insurance – Frauds and Crimes (IRR Billion), 2012–2017
Table 31: Iranian Non-Life Insurance – Total Assets (IRR Billion), 2008–2012
Table 32: Iranian Non-Life Insurance – Total Assets (IRR Billion), 2012–2017
Table 33: Iranian Non-Life Insurance – Total Investment Income (IRR Billion), 2008–2012
Table 34: Iranian Non-Life Insurance – Total Investment Income (IRR Billion), 2012–2017
Table 35: Iranian Non-Life Insurance – Retentions (IRR Billion), 2008–2012
Table 36: Iranian Non-Life Insurance – Retentions (IRR Billion), 2012–2017
Table 37: Iranian Property Insurance – Written Premium by Sub-Category (IRR Billion), 2008–2012
Table 38: Iranian Property Insurance – Written Premium by Sub-Category (US$ Million), 2008–2012
Table 39: Iranian Property Insurance – Written Premium by Sub-Category (IRR Billion), 2012–2017
Table 40: Iranian Property Insurance – Written Premium by Sub-Category (US$ Million), 2012–2017
Table 41: Iranian Property Insurance – Loss Ratio (%), 2008–2012
Table 42: Iranian Property Insurance – Loss Ratio (%), 2012–2017
Table 43: Iranian Fire and Allied Perils Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 44: Iranian Fire and Allied Perils Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 45: Iranian Fire and Allied Perils Insurance – Written Premium (IRR Billion), 2008–2012
Table 46: Iranian Fire and Allied Perils Insurance – Written Premium (IRR Billion), 2012–2017
Table 47: Iranian Engineering Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 48: Iranian Engineering Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 49: Iranian Engineering Insurance – Written Premium (IRR Billion), 2008–2012
Table 50: Iranian Engineering Insurance – Written Premium (IRR Billion), 2012–2017
Table 51: Iranian Other Property Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 52: Iranian Other Property Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 53: Iranian Other Property Insurance – Written Premium (IRR Billion), 2008–2012
Table 54: Iranian Other Property Insurance – Written Premium (IRR Billion), 2012–2017
Table 55: Iranian Motor Insurance – Written Premium by Sub-Category (IRR Billion), 2008–2012
Table 56: Iranian Motor Insurance – Written Premium by Sub-Category (US$ Million), 2008–2012
Table 57: Iranian Motor Insurance – Written Premium by Sub-Category (IRR Billion), 2012–2017
Table 58: Iranian Motor Insurance – Written Premium by Sub-Category (US$ Million), 2012–2017
Table 59: Iranian Motor Insurance – Loss Ratio (%), 2008–2012
Table 60: Iranian Motor Insurance – Loss Ratio (%), 2012–2017
Table 61: Iranian Motor Hull Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 62: Iranian Motor Hull Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 63: Iranian Motor Hull Insurance – Written Premium (IRR Billion), 2008–2012
Table 64: Iranian Motor Hull Insurance – Written Premium (IRR Billion), 2012–2017
Table 65: Iranian Motor Third-Party Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 66: Iranian Motor Third-Party Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 67: Iranian Motor Third-Party Insurance – Written Premium (IRR Billion), 2008–2012
Table 68: Iranian Motor Third-Party Insurance – Written Premium (IRR Billion), 2012–2017
Table 69: Iranian General Third-Party Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 70: Iranian General Third-Party Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 71: Iranian General Third-Party Insurance – Written Premium (IRR Billion), 2008–2012
Table 72: Iranian General Third-Party Insurance – Written Premium (IRR Billion), 2012–2017
Table 73: Iranian General Third-Party Insurance – Loss Ratio (%), 2008–2012
Table 74: Iranian General Third-Party Insurance – Loss Ratio (%), 2012–2017
Table 75: Iranian Marine, Aviation and Transit Insurance – Written Premium by Sub-Category (IRR Billion), 2008–2012
Table 76: Iranian Marine, Aviation and Transit Insurance – Written Premium by Sub-Category (US$ Million), 2008–2012
Table 77: Iranian Marine, Aviation and Transit Insurance – Written Premium by Sub-Category (IRR Billion), 2012–2017
Table 78: Iranian Marine, Aviation and Transit Insurance – Written Premium by Sub-Category (US$ Million), 2012–2017
Table 79: Iranian Marine, Aviation and Transit Insurance – Loss Ratio (%), 2008–2012
Table 80: Iranian Marine, Aviation and Transit Insurance – Loss Ratio (%), 2012–2017
Table 81: Iranian Marine Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 82: Iranian Marine Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 83: Iranian Marine Insurance – Written Premium (IRR Billion), 2008–2012
Table 84: Iranian Marine Insurance – Written Premium (IRR Billion), 2012–2017
Table 85: Iranian Aviation Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 86: Iranian Aviation Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 87: Iranian Aviation Insurance – Written Premium (IRR Billion), 2008–2012
Table 88: Iranian Aviation Insurance – Written Premium (IRR Billion), 2012–2017
Table 89: Iranian Transit Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 90: Iranian Transit Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 91: Iranian Transit Insurance – Written Premium (IRR Billion), 2008–2012
Table 92: Iranian Transit Insurance – Written Premium (IRR Billion), 2012–2017
Table 93: Iranian Non-Life Insurance – Direct Marketing Commission Paid (IRR Billion), 2008–2012
Table 94: Iranian Non-Life Insurance – Direct Marketing Commission Paid (IRR Billion), 2012–2017
Table 95: Iranian Non-Life Insurance – Written Premium Through Direct Marketing (IRR Billion), 2008–2012
Table 96: Iranian Non-Life Insurance – Written Premium Through Direct Marketing (IRR Billion), 2012–2017
Table 97: Iranian Non-Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2008–2012
Table 98: Iranian Non-Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2012–2017
Table 99: Iranian Non-Life Insurance – Number of Direct Marketing Distributors, 2008–2012
Table 100: Iranian Non-Life Insurance – Number of Direct Marketing Distributors, 2012–2017
Table 101: Iranian Non-Life Insurance – Bancassurance Commission Paid (IRR Billion), 2008–2012
Table 102: Iranian Non-Life Insurance – Bancassurance Commission Paid (IRR Billion), 2012–2017
Table 103: Iranian Non-Life Insurance – Written Premium Through Bancassurance (IRR Billion), 2008–2012
Table 104: Iranian Non-Life Insurance – Written Premium Through Bancassurance (IRR Billion), 2012–2017
Table 105: Iranian Non-Life Insurance – Policies Sold Through Bancassurance (Thousand), 2008–2012
Table 106: Iranian Non-Life Insurance – Policies Sold Through Bancassurance (Thousand), 2012–2017
Table 107: Iranian Non-Life Insurance – Number of Bancassurance Distributors, 2008–2012
Table 108: Iranian Non-Life Insurance – Number of Bancassurance Distributors, 2012–2017
Table 109: Iranian Non-Life Insurance – Commission Paid to Agencies (IRR Billion), 2008–2012
Table 110: Iranian Non-Life Insurance – Commission Paid to Agencies (IRR Billion), 2012–2017
Table 111: Iranian Non-Life Insurance – Written Premium Through Agencies (IRR Billion), 2008–2012
Table 112: Iranian Non-Life Insurance – Written Premium Through Agencies (IRR Billion), 2012–2017
Table 113: Iranian Non-Life Insurance – Policies Sold Through Agencies (Thousand), 2008–2012
Table 114: Iranian Non-Life Insurance – Policies Sold Through Agencies (Thousand), 2012–2017
Table 115: Iranian Non-Life Insurance – Number of Agencies, 2008–2012
Table 116: Iranian Non-Life Insurance – Number of Agencies, 2012–2017
Table 117: Iranian Non-Life Insurance – E-Commerce Commission Paid (IRR Billion), 2008–2012
Table 118: Iranian Non-Life Insurance – E-Commerce Commission Paid (IRR Billion), 2012–2017
Table 119: Iranian Non-Life Insurance – Written Premium Through E-Commerce (IRR Billion), 2008–2012
Table 120: Iranian Non-Life Insurance – Written Premium Through E-Commerce (IRR Billion), 2012–2017
Table 121: Iranian Non-Life Insurance – Policies Sold Through E-Commerce (Thousand), 2008–2012
Table 122: Iranian Non-Life Insurance – Policies Sold Through E-Commerce (Thousand), 2012–2017
Table 123: Iranian Non-Life Insurance – Number of E-Commerce Distributors, 2008–2012
Table 124: Iranian Non-Life Insurance – Number of E-Commerce Distributors, 2012–2017
Table 125: Iranian Non-Life Insurance – Commission Paid to Brokers (IRR Billion), 2008–2012
Table 126: Iranian Non-Life Insurance – Commission Paid to Brokers (IRR Billion), 2012–2017
Table 127: Iranian Non-Life Insurance – Written Premium Through Brokers (IRR Billion), 2008–2012
Table 128: Iranian Non-Life Insurance – Written Premium Through Brokers (IRR Billion), 2012–2017
Table 129: Iranian Non-Life Insurance – Policies Sold Through Brokers (Thousand), 2008–2012
Table 130: Iranian Non-Life Insurance – Policies Sold Through Brokers (Thousand), 2012–2017
Table 131: Iranian Non-Life Insurance – Number of Brokers, 2008–2012
Table 132: Iranian Non-Life Insurance – Number of Brokers, 2012–2017
Table 133: Iranian Non-Life Insurance – Commission Paid to Other Channels (IRR Billion), 2008–2012
Table 134: Iranian Non-Life Insurance – Commission Paid to Other Channels (IRR Billion), 2012–2017
Table 135: Iranian Non-Life Insurance – Written Premium Through Other Channels (IRR Billion), 2008–2012
Table 136: Iranian Non-Life Insurance – Written Premium Through Other Channels (IRR Billion), 2012–2017
Table 137: Iranian Non-Life Insurance – Policies Sold Through Other Channels (Thousand), 2008–2012
Table 138: Iranian Non-Life Insurance – Policies Sold Through Other Channels (Thousand), 2012–2017
Table 139: Iranian Non-Life Insurance – Number of Distributors in Other Channels, 2008–2012
Table 140: Iranian Non-Life Insurance – Number of Distributors in Other Channels, 2012–2017
Table 141: Iranian Reinsurance by Category (IRR Billion), 2008–2012
Table 142: Iranian Reinsurance by Category (US$ Million), 2008–2012
Table 143: Iranian Reinsurance by Category (IRR Billion), 2012–2017
Table 144: Iranian Reinsurance by Category (US$ Million), 2012–2017
Table 145: Iranian Premium Ceded to Reinsurance by Type of Insurance (IRR Billion), 2008–2012
Table 146: Iranian Premium Ceded to Reinsurance by Type of Insurance (US$ Million), 2008–2012
Table 147: Iranian Premium Ceded to Reinsurance by Type of Insurance (IRR Billion), 2012–2017
Table 148: Iranian Premium Ceded to Reinsurance by Type of Insurance (US$ Million), 2012–2017
Table 149: Iranian Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2008–2012
Table 150: Iranian Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2012–2017
Table 151: Iran – Life Insurance Regulatory Framework
Table 152: Iran – Property Insurance Regulatory Framework
Table 153: Iran – Motor Insurance Regulatory Framework
Table 154: Iran – Corporate Tax Rates for the Financial Year 2013
Table 155: Iranian Insurance Industry: Distribution Network, 2008–2011
Table 156: Iranian Insurance Industry: Market Shares of Key Insurers (%), 2011
Table 157: Iran Insurance Company, Key Facts
Table 158: Asia Insurance Co., Key Facts
Table 159: Alborz Insurance Co., Key Facts
Table 160: Parsian Insurance Co., Key Facts
Table 161: Dana Insurance Co., Key Facts
Table 162: Toseh-eh Insurance Co., Key Facts
Table 163: Karafarin Insurance Co., Key Facts
Table 164: Mellat Insurance Co., Key Facts
List of Figures
Figure 1: Middle East Region – Economies and Populations, 2011
Figure 2: Middle East Region – Growth Trends in the Insurance Industry
Figure 3: Middle East Region – Total Insurance Industry by Type of Insurance (US$ Billion), 2011
Figure 4: Middle East Comparison – Non-Life Insurance Segment Gross Written Premium (US$ Billion), 2011
Figure 5: Middle East Comparison – Non-Life Insurance Premium Per Capita (US$), 2011
Figure 6: Middle East Comparison – Non-Life Insurance Penetration (% of GDP), 2011 and 2016
Figure 7: Middle East Comparison – Non-Life Insurance Gross Written Premium Growth (%), 2007–2016
Figure 8: Middle East Comparison – Non-Life Insurance Gross Written Premium Per Capita Growth (%), 2007–2016
Figure 9: Middle East Comparison – Non-Life Insurance Loss Ratio (%), 2011 and 2016
Figure 10: Middle East Comparison – Non-Life Insurance Combined Ratio (%), 2011 and 2016
Figure 11: Middle East Comparison – Non-Life Insurance Incurred Losses Per Capita (US$), 2011 and 2016
Figure 12: Middle East Comparison – Non-Life Insurance Incurred Losses Per GDP (%), 2011 and 2016
Figure 13: Iranian Insurance – Overall Written Premium by Segment (IRR Billion), 2008–2017
Figure 14: Iranian Insurance – Dynamics by Segment, 2008–2017
Figure 15: Iranian Non-Life Insurance – Written Premium by Category (IRR Billion), 2008–2017
Figure 16: Iranian Non-Life Insurance – Written Premium by Category (Percentage Share), 2012 and 2017
Figure 17: Iranian Non-Life Insurance – Dynamics by Category (%), 2008–2017
Figure 18: Iranian Non-Life Insurance – Earned Premium (IRR Billion), 2008–2012
Figure 19: Iranian Non-Life Insurance – Earned Premium (IRR Billion), 2012–2017
Figure 20: Iranian Non-Life Insurance – Paid Claims by Category (IRR Billion), 2008–2017
Figure 21: Iranian Non-Life Insurance – Incurred Loss by Category (IRR Billion), 2008–2017
Figure 22: Iranian Non-Life Insurance – Loss Ratio (%), 2008–2012
Figure 23: Iranian Non-Life Insurance – Loss Ratio (%), 2012–2017
Figure 24: Iranian Non-Life Insurance – Commissions and Expenses (IRR Billion), 2008–2012
Figure 25: Iranian Non-Life Insurance – Commissions and Expenses (IRR Billion), 2012–2017
Figure 26: Iranian Non-Life Insurance – Combined Ratio (%), 2008–2012
Figure 27: Iranian Non-Life Insurance – Combined Ratio (%), 2012–2017
Figure 28: Iranian Non-Life Insurance – Frauds and Crimes (IRR Billion), 2008–2012
Figure 29: Iranian Non-Life Insurance – Frauds and Crimes (IRR Billion), 2012–2017
Figure 30: Iranian Non-Life Insurance – Total Assets (IRR Billion), 2008–2012
Figure 31: Iranian Non-Life Insurance – Total Assets (IRR Billion), 2012–2017
Figure 32: Iranian Non-Life Insurance – Total Investment Income (IRR Billion), 2008–2012
Figure 33: Iranian Non-Life Insurance – Total Investment Income (IRR Billion), 2012–2017
Figure 34: Iranian Non-Life Insurance – Retentions (IRR Billion), 2008–2012
Figure 35: Iranian Non-Life Insurance – Retentions (IRR Billion), 2012–2017
Figure 36: Iranian Non-Life Insurance – Investment Portfolio (IRR Billion), 2008–2012
Figure 37: Iranian Non-Life Insurance – Investment Portfolio (% Share), 2008 and 2012
Figure 38: Iranian Non-Life Insurance – Penetration (% of GDP), 2008–2012
Figure 39: Iranian Non-Life Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 40: Iranian Non-Life Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 41: Iranian Non-Life Insurance – Premium Per Capita (IRR), 2008–2012
Figure 42: Iranian Property Insurance – Written Premium by Sub-Category (IRR Billion), 2008–2017
Figure 43: Iranian Property Insurance – Dynamics by Sub-Category (%), 2008–2017
Figure 44: Iranian Property Insurance – Loss Ratio (%), 2008–2012
Figure 45: Iranian Property Insurance – Loss Ratio (%), 2012–2017
Figure 46: Iranian Fire and Allied Perils Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 47: Iranian Fire and Allied Perils Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 48: Iranian Fire and Allied Perils Insurance – Written Premium (IRR Billion), 2008–2012
Figure 49: Iranian Fire and Allied Perils Insurance – Written Premium (IRR Billion), 2012–2017
Figure 50: Iranian Engineering Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 51: Iranian Engineering Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 52: Iranian Engineering Insurance – Written Premium (IRR Billion), 2008–2012
Figure 53: Iranian Engineering Insurance – Written Premium (IRR Billion), 2012–2017
Figure 54: Iranian Other Property Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 55: Iranian Other Property Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 56: Iranian Other Property Insurance – Written Premium (IRR Billion), 2008–2012
Figure 57: Iranian Other Property Insurance – Written Premium (IRR Billion), 2012–2017
Figure 58: Iranian Motor Insurance – Written Premium by Sub-Category (IRR Billion), 2008–2017
Figure 59: Iranian Motor Insurance – Dynamics by Sub-Category (%), 2008–2017
Figure 60: Iranian Motor Insurance – Loss Ratio (%), 2008–2012
Figure 61: Iranian Motor Insurance – Loss Ratio (%), 2012–2017
Figure 62: Iranian Motor Hull Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 63: Iranian Motor Hull Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 64: Iranian Motor Hull Insurance – Written Premium (IRR Billion), 2008–2012
Figure 65: Iranian Motor Hull Insurance – Written Premium (IRR Billion), 2012–2017
Figure 66: Iranian Motor Third-Party Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 67: Iranian Motor Third-Party Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 68: Iranian Motor Third-Party Insurance – Written Premium (IRR Billion), 2008–2012
Figure 69: Iranian Motor Third-Party Insurance – Written Premium (IRR Billion), 2012–2017
Figure 70: Iranian General Third-Party Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 71: Iranian General Third-Party Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 72: Iranian General Third-Party Insurance – Written Premium (IRR Billion), 2008–2012
Figure 73: Iranian General Third-Party Insurance – Written Premium (IRR Billion), 2012–2017
Figure 74: Iranian General Third-Party Insurance – Loss Ratio (%), 2008–2012
Figure 75: Iranian General Third-Party Insurance – Loss Ratio (%), 2012–2017
Figure 76: Iranian Marine, Aviation and Transit Insurance – Written Premium by Sub-Category (IRR Billion), 2008–2017
Figure 77: Iranian Marine, Aviation and Transit Insurance – Dynamics by Sub-Category (%), 2008–2017
Figure 78: Iranian Marine, Aviation and Transit Insurance – Loss Ratio (%), 2008–2012
Figure 79: Iranian Marine, Aviation and Transit Insurance – Loss Ratio (%), 2012–2017
Figure 80: Iranian Marine Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 81: Iranian Marine Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 82: Iranian Marine Insurance – Written Premium (IRR Billion), 2008–2012
Figure 83: Iranian Marine Insurance – Written Premium (IRR Billion), 2012–2017
Figure 84: Iranian Aviation Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 85: Iranian Aviation Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 86: Iranian Aviation Insurance – Written Premium (IRR Billion), 2008–2012
Figure 87: Iranian Aviation Insurance – Written Premium (IRR Billion), 2012–2017
Figure 88: Iranian Transit Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 89: Iranian Transit Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 90: Iranian Transit Insurance – Written Premium (IRR Billion), 2008–2012
Figure 91: Iranian Transit Insurance – Written Premium (IRR Billion), 2012–2017
Figure 92: Iranian Non-Life Insurance – Written Premium by Distribution Channel (% Share), 2012 and 2017
Figure 93: Iranian Non-Life Insurance – Direct Marketing Commission Paid (IRR Billion), 2008–2012
Figure 94: Iranian Non-Life Insurance – Direct Marketing Commission Paid (IRR Billion), 2012–2017
Figure 95: Iranian Non-Life Insurance – Written Premium Through Direct Marketing (IRR Billion), 2008–2012
Figure 96: Iranian Non-Life Insurance – Written Premium Through Direct Marketing (IRR Billion), 2012–2017
Figure 97: Iranian Non-Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2008–2012
Figure 98: Iranian Non-Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2012–2017
Figure 99: Iranian Non-Life Insurance – Number of Direct Marketing Distributors, 2008–2012
Figure 100: Iranian Non-Life Insurance – Number of Direct Marketing Distributors, 2012–2017
Figure 101: Iranian Non-Life Insurance – Bancassurance Commission Paid (IRR Billion), 2008–2012
Figure 102: Iranian Non-Life Insurance – Bancassurance Commission Paid (IRR Billion), 2012–2017
Figure 103: Iranian Non-Life Insurance – Written Premium Through Bancassurance (IRR Billion), 2008–2012
Figure 104: Iranian Non-Life Insurance – Written Premium Through Bancassurance (IRR Billion), 2012–2017
Figure 105: Iranian Non-Life Insurance – Policies Sold Through Bancassurance (Thousand), 2008–2012
Figure 106: Iranian Non-Life Insurance – Policies Sold Through Bancassurance (Thousand), 2012–2017
Figure 107: Iranian Non-Life Insurance – Number of Bancassurance Distributors, 2008–2012
Figure 108: Iranian Non-Life Insurance – Number of Bancassurance Distributors, 2012–2017
Figure 109: Iranian Non-Life Insurance – Commission Paid to Agencies (IRR Billion), 2008–2012
Figure 110: Iranian Non-Life Insurance – Commission Paid to Agencies (IRR Billion), 2012–2017
Figure 111: Iranian Non-Life Insurance – Written Premium Through Agencies (IRR Billion), 2008–2012
Figure 112: Iranian Non-Life Insurance – Written Premium Through Agencies (IRR Billion), 2012–2017
Figure 113: Iranian Non-Life Insurance – Policies Sold Through Agencies (Thousand), 2008–2012
Figure 114: Iranian Non-Life Insurance – Policies Sold Through Agencies (Thousand), 2012–2017
Figure 115: Iranian Non-Life Insurance – Number of Agencies, 2008–2012
Figure 116: Iranian Non-Life Insurance – Number of Agencies, 2012–2017
Figure 117: Iranian Non-Life Insurance – E-Commerce Commission Paid (IRR Billion), 2008–2012
Figure 118: Iranian Non-Life Insurance – E-Commerce Commission Paid (IRR Billion), 2012–2017
Figure 119: Iranian Non-Life Insurance – Written Premium Through E-Commerce (IRR Billion), 2008–2012
Figure 120: Iranian Non-Life Insurance – Written Premium Through E-Commerce (IRR Billion), 2012–2017
Figure 121: Iranian Non-Life Insurance – Policies Sold Through E-Commerce (Thousand), 2008–2012
Figure 122: Iranian Non-Life Insurance – Policies Sold Through E-Commerce (Thousand), 2012–2017
Figure 123: Iranian Non-Life Insurance – Number of E-Commerce Distributors, 2008–2012
Figure 124: Iranian Non-Life Insurance – Number of E-Commerce Distributors, 2012–2017
Figure 125: Iranian Non-Life Insurance – Commission Paid to Brokers (IRR Billion), 2008–2012
Figure 126: Iranian Non-Life Insurance – Commission Paid to Brokers (IRR Billion), 2012–2017
Figure 127: Iranian Non-Life Insurance – Written Premium Through Brokers (IRR Billion), 2008–2012
Figure 128: Iranian Non-Life Insurance – Written Premium Through Brokers (IRR Billion), 2012–2017
Figure 129: Iranian Non-Life Insurance – Policies Sold Through Brokers (Thousand), 2008–2012
Figure 130: Iranian Non-Life Insurance – Policies Sold Through Brokers (Thousand), 2012–2017
Figure 131: Iranian Non-Life Insurance – Number of Brokers, 2008–2012
Figure 132: Iranian Non-Life Insurance – Number of Brokers, 2012–2017
Figure 133: Iranian Non-Life Insurance – Commission Paid to Other Channels (IRR Billion), 2008–2012
Figure 134: Iranian Non-Life Insurance – Commission Paid to Other Channels (IRR Billion), 2012–2017
Figure 135: Iranian Non-Life Insurance – Written Premium Through Other Channels (IRR Billion), 2008–2012
Figure 136: Iranian Non-Life Insurance – Written Premium Through Other Channels (IRR Billion), 2012–2017
Figure 137: Iranian Non-Life Insurance – Policies Sold Through Other Channels (Thousand), 2008–2012
Figure 138: Iranian Non-Life Insurance – Policies Sold Through Other Channels (Thousand), 2012–2017
Figure 139: Iranian Non-Life Insurance – Number of Distributors in Other Channels, 2008–2012
Figure 140: Iranian Non-Life Insurance – Number of Distributors in Other Channels, 2012–2017
Figure 141: Iranian Non-Life Insurance Segment – Five Forces Analysis
Figure 142: Iranian Premium Ceded to Reinsurance by Category (IRR Billion), 2008–2017
Figure 143: Iranian Premium Ceded to Reinsurance by Category (Percentage Share), 2012 and 2017
Figure 144: Iranian Reinsurance – Dynamics by Category, 2008–2017
Figure 145: Iranian Premium Ceded to Reinsurance by Type of Insurance (IRR Billion), 2008–2017
Figure 146: Iranian Reinsurance – Dynamics by Type of Insurance, 2008–2017
Figure 147: Iranian Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2008–2012
Figure 148: Iranian Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2012–2017
Figure 149: Iran – Insurance Regulatory Framework
Figure 150: Iran – Insurance Supervision and Control at Various Levels
Figure 151: Iran – Insurance Regulatory Frameworks for Company Registration and Operation
Figure 152: Iranian Insurance Industry: Number of Insurance Companies, 2008–2011
Figure 15
Iran Insurance Company
Asia Insurance Co.
Alborz Insurance Co.
Parsian Insurance Co.
Dana Insurance Co.
Toseh-eh Insurance Co.
Karafarin Insurance Co.
Mellat Insurance Co.