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Personal Accident and Health Insurance in Iran, Key Trends and Opportunities to 2018

Published By :

Timetric

Published Date : Sep 2014

Category :

Health Insurance

No. of Pages : 231 Pages

Synopsis

The report provides in-depth market analysis, information and insights into the Iranian personal accident and health insurance segment, including:

  • The Iranian personal accident and health insurance segment’s growth prospects by insurance categories
  • Key trends and drivers for the personal accident and health insurance segment
  • The various distribution channels in the Iranian personal accident and health insurance segment
  • The detailed competitive landscape in the personal accident and health insurance segment in Iran
  • Detailed regulatory policies of the Iranian insurance industry
  • A description of the personal accident and health reinsurance segment in Iran
  • Porter\'s Five Forces analysis of the personal accident and health insurance segment
  • A benchmarking section on the Iranian personal accident and health insurance segment in comparison with other countries in the Middle East Region

Executive summary

  • The Iranian personal accident and health insurance segment accounted for the second-largest market share of the overall insurance industry in 2013, with 26.9%. During the review period (2009–2013), rising healthcare expenditure, a high rate of road accidents and inadequate public healthcare facilities when compared to private hospitals all influenced the personal accident and health insurance segment. Consequently, this segment grew at a review-period CAGR of 51.4% during 2009–2013.
  • The Iranian health insurance category accounted for the largest share of the personal accident and health segment in 2013, with 79.7%. The Iranian healthcare system comprises public and private healthcare services. Tariffs for public healthcare treatment are set by the High Council of Medical Services Insurance, although this has no control over private healthcare providers’ tariffs. Iran’s industrial growth, rising GDP, healthcare expenditure and the growth of its middle-class population are expected to drive the personal accident and health insurance segment over the forecast period (2013–2018).

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 2009–2013 review period and projected figures for the 2013–2018 forecast period.
  • It offers a detailed analysis of the key sub-segments in Iranian personal accident and health insurance segment, along with market forecasts until 2018.
  • It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions.
  • It analyses the various distribution channels for personal accident and health insurance products in Iran.
  • Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in Iran for the personal accident and health insurance segment.
  • It provides a detailed analysis of the reinsurance segment in Iran and its growth prospects.
  • 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 within the Iranian personal accident and health insurance segment
  • Assess the competitive dynamics in the personal accident and health insurance segment, along with the reinsurance segment
  • Identify the growth opportunities and market dynamics within key product categories
  • Gain insights into key regulations governing the Iranian insurance segment and its impact on companies and the market\'s future

Key highlights

  • The personal accident and health segment accounted for 26.9% of the overall insurance industry’s gross written premium in 2013
  • During the review period (2009–2013) Iranian personal accident and health insurance segment recorded a CAGR of 51.4%.
  • Increasing awareness about the benefits of personal accident and health insurance products drove growth of segment.
  • Personal accident insurance was the segment’s fastest-growing category during the review period, achieving a CAGR of 51.4%.
  • Health insurance was the segment’s largest category during the review period, having grown at a CAGR of 65.1.
Table of Contents

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

4 Personal Accident and Health Insurance – Regional Benchmarking
4.1 Scale and Penetration
4.1.1 Total segment gross written premium
4.1.2 Premium per capita
4.1.3 Personal accident and health insurance penetration as a percentage of GDP
4.2 Growth
4.2.1 Gross written premium
4.2.2 Gross written premium per capita
4.3 Efficiency and Risk
4.3.1 Loss ratio
4.3.2 Incurred losses per capita
4.3.3 Incurred losses as a share of GDP

5 Iranian Insurance Industry Attractiveness
5.1 Insurance Industry Size, 2009–2018
5.2 Key Industry Trends and Drivers
5.3 Challenges
5.4 Recent Market Developments

6 Personal Accident and Health Insurance Segment Outlook
6.1 Consumer Segmentation
6.2 Product and Marketing Strategies
6.2.1 Product strategies
6.2.2 Marketing strategies
6.3 Personal Accident and Health Insurance Growth Prospects by Category
6.3.1 Personal accident insurance
6.3.2 Travel insurance
6.3.3 Health insurance
6.3.4 Non-life health insurance

7 Analysis by Distribution Channel
7.1 Direct Marketing
7.2 Bancassurance
7.3 Agencies
7.4 E-commerce
7.5 Brokers
7.6 Other Channels

8 Porter’s Five Forces Analysis – Iranian Personal Accident and Health Insurance
8.1 Bargaining Power of Suppliers: Medium to High
8.2 Bargaining Power of Buyer: Medium
8.3 Barriers to Entry: Medium
8.4 Intensity of Rivalry: Medium to High
8.5 Threat of Substitutes: Low

9 Reinsurance Growth Dynamics and Challenges
9.1 Reinsurance segment size, 2009–2018
9.2 Reinsurance Segment Size by Premium Ceded, 2009–2018

10 Governance, Risk and Compliance
10.1 Legislation Overview and Historical Evolution
10.2 Legislation and Market Practice by Type of Insurance
10.2.1 Life insurance
10.2.2 Property insurance
10.2.3 Motor insurance
10.2.4 Marine, aviation and transit insurance
10.2.5 Personal accident and health insurance
10.3 Compulsory Insurance
10.3.1 Motor third-party liability insurance
10.4 Supervision and Control
10.4.1 International Association of Insurance Supervisors (IAIS)
10.4.2 Central Insurance of Iran (CII)
10.5 Non-Admitted Insurance Regulations
10.5.1 Overview
10.5.2 Intermediaries
10.5.3 Market practices
10.5.4 Fines and penalties
10.6 Company Registration and Operations
10.6.1 Types of insurance organization
10.6.2 Establishing a local company
10.6.3 Foreign ownership
10.6.4 Types of license
10.6.5 Capital requirements
10.6.6 Solvency margins
10.6.7 Reserve requirements
10.6.8 Investment regulations
10.6.9 Statutory return requirements
10.6.10 Fee structure
10.7 Taxation
10.7.1 Insurance premium or policy taxation
10.7.2 Withholding taxes on premium paid overseas
10.7.3 Corporate tax
10.7.4 VAT
10.7.5 Captives
10.8 Legal System
10.8.1 Introduction
10.8.2 Access to court
10.8.3 Alternative dispute resolution (ADR)

11 Competitive Landscape and Strategic Insights
11.1 Overview
11.2 Leading Companies in the Iranian Insurance Industry
11.3 Iran Insurance Company – Company Overview
11.3.1 Iran Insurance Company – key facts
11.3.2 Iran Insurance Company – key financials
11.4 Asia Insurance Co. – Company Overview
11.4.1 Asia Insurance Co. – key facts
11.4.2 Asia Insurance Co. – key financials
11.5 Alborz Insurance Co. – Company Overview
11.5.1 Alborz Insurance Co. – key facts
11.5.2 Alborz Insurance Co. – key financials
11.6 Parsian Insurance Co. – Company Overview
11.6.1 Parsian Insurance Co. – key facts
11.6.2 Parsian Insurance Co. – key financials
11.7 Day Insurance Co. – Company Overview
11.7.1 Day Insurance Co. – key facts
11.7.2 Day Insurance Co. – key financials
11.8 Pasargad Insurance Company – Company Overview
11.8.1 Pasargad Insurance Company – key facts
11.8.2 Pasargad Insurance Company – key financials

12 Business Environment and Country Risk
12.1 Business Confidence
12.1.1 Market capitalization trend – Tehran Stock Exchange, Iran
12.2 Economic Performance
12.2.1 GDP at constant prices (US$)
12.2.2 GDP per capita at constant prices (US$)
12.2.3 GDP at current prices (US$)
12.2.4 GDP per capita at current prices (US$)
12.2.5 GDP by key sector
12.2.6 Agriculture, hunting, forestry and fishing net output at current prices (US$)
12.2.7 Agriculture, hunting, forestry and fishing net output at current prices as a percentage of GDP
12.2.8 Manufacturing net output at current prices (US$)
12.2.9 Manufacturing net output at current prices as a percentage of GDP
12.2.10 Mining, manufacturing and utilities at current prices (US$)
12.2.11 Mining, manufacturing and utilities at current prices as percentage of GDP
12.2.12 Construction net output at current prices (US$)
12.2.13 Construction net output at current prices as a percentage of GDP
12.2.14 Inflation rate
12.2.15 Exports as a percentage of GDP
12.2.16 Imports as a percentage of GDP
12.2.17 Merchandise exports growth
12.2.18 Merchandise imports growth
12.2.19 Annual average exchange rate IRR–US$
12.3 Infrastructure
12.3.1 Total internet subscribers
12.4 Labor Force
12.4.1 Labor force
12.4.2 Unemployment rate
12.5 Demographics
12.5.1 Total population
12.5.2 Urban and rural populations
12.5.3 Age distribution of the total population

13 Appendix
13.1 Methodology
13.2 Contact Timetric
13.3 About Timetric
13.4 Timetric’s Services
13.5 Disclaimer

List of Table

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 – Gross Written Premium by Segment (IRR Billion), 2009–2013
Table 5: Iranian Insurance – Gross Written Premium by Segment (US$ Million), 2009–2013
Table 6: Iranian Insurance – Gross Written Premium by Segment (IRR Billion), 2013–2018
Table 7: Iranian Insurance – Gross Written Premium by Segment (US$ Million), 2013–2018
Table 8: Iranian Insurance – Segmentation, Gross Written Premium (% Share), 2009–2018
Table 9: Iranian Insurance – Direct Written Premium by Segment (IRR Billion), 2009–2013
Table 10: Iranian Insurance – Direct Written Premium by Segment (US$ Million), 2009–2013
Table 11: Iranian Insurance – Direct Written Premium by Segment (IRR Billion), 2013–2018
Table 12: Iranian Insurance – Direct Written Premium by Segment (US$ Million), 2013–2018
Table 13: Iranian Insurance – Segmentation, Direct Written Premium (% Share), 2009–2018
Table 14: Iranian Personal Accident and Health Insurance – Gross Written Premium by Category (IRR Billion), 2009–2013
Table 15: Iranian Personal Accident and Health Insurance – Gross Written Premium by Category (US$ Billion), 2009–2013
Table 16: Iranian Personal Accident and Health Insurance – Gross Written Premium by Category (IRR Billion), 2013–2018
Table 17: Iranian Personal Accident and Health Insurance – Gross Written Premium by Category (US$ Billion), 2013–2018
Table 18: Iranian Personal Accident and Health Insurance – Direct Written Premium by Category (IRR Billion), 2009–2013
Table 19: Iranian Personal Accident and Health Insurance – Direct Written Premium by Category (US$ Billion), 2009–2013
Table 20: Iranian Personal Accident and Health Insurance – Direct Written Premium by Category (IRR Billion), 2013–2018
Table 21: Iranian Personal Accident and Health Insurance – Direct Written Premium by Category (US$ Billion), 2013–2018
Table 22: Iranian Personal Accident and Health Insurance – Earned Premium (IRR Billion), 2009–2013
Table 23: Iranian Personal Accident and Health Insurance – Earned Premium (IRR Billion), 2013–2018
Table 24: Iranian Personal Accident and Health Insurance – Paid Claims by Category (IRR Billion), 2009–2013
Table 25: Iranian Personal Accident and Health Insurance – Paid Claims by Category (US$ Billion), 2009–2013
Table 26: Iranian Personal Accident and Health Insurance – Paid Claims by Category (IRR Billion), 2013–2018
Table 27: Iranian Personal Accident and Health Insurance – Paid Claims by Category (US$ Billion), 2013–2018
Table 28: Iranian Personal Accident and Health Insurance – Incurred Loss by Category (IRR Billion), 2009–2013
Table 29: Iranian Personal Accident and Health Insurance – Incurred Loss by Category (US$ Billion), 2009–2013
Table 30: Iranian Personal Accident and Health Insurance – Incurred Loss by Category (IRR Billion), 2013–2018
Table 31: Iranian Personal Accident and Health Insurance – Incurred Loss by Category (US$ Billion), 2013–2018
Table 32: Iranian Personal Accident and Health Insurance – Retentions by Category (IRR Billion), 2009–2013
Table 33: Iranian Personal Accident and Health Insurance – Retentions by Category (US$ Billion), 2009–2013
Table 34: Iranian Personal Accident and Health Insurance – Retentions by Category (IRR Billion), 2013–2018
Table 35: Iranian Personal Accident and Health Insurance – Retentions by Category (US$ Billion), 2013–2018
Table 36: Iranian Personal Accident and Health Insurance – Loss Ratio (%), 2009–2013
Table 37: Iranian Personal Accident and Health Insurance – Loss Ratio (%), 2013–2018
Table 38: Iranian Personal Accident and Health Insurance – Commission and Expenses (IRR Billion), 2009–2013
Table 39: Iranian Personal Accident and Health Insurance – Commission and Expenses (IRR Billion), 2013–2018
Table 40: Iranian Personal Accident and Health Insurance – Combined Ratio (%), 2009–2013
Table 41: Iranian Personal Accident and Health Insurance – Combined Ratio (%), 2013–2018
Table 42: Iranian Personal Accident and Health Insurance – Frauds and Crimes (IRR Billion), 2009–2013
Table 43: Iranian Personal Accident and Health Insurance – Frauds and Crimes (IRR Billion), 2013–2018
Table 44: Iranian Personal Accident and Health Insurance – Total Assets (IRR Billion), 2009–2013
Table 45: Iranian Personal Accident and Health Insurance – Total Assets (IRR Billion), 2013–2018
Table 46: Iranian Personal Accident and Health Insurance – Total Investment Income (IRR Billion), 2009–2013
Table 47: Iranian Personal Accident and Health Insurance – Total Investment Income (IRR Billion), 2013–2018
Table 48: Iranian Personal Accident and Health Insurance – Retentions (IRR Billion), 2009–2013
Table 49: Iranian Personal Accident and Health Insurance – Retentions (IRR Billion), 2013–2018
Table 50: Iranian Personal Accident Insurance – Number of Policies Sold (Thousand), 2009–2013
Table 51: Iranian Personal Accident Insurance – Number of Policies Sold (Thousand), 2013–2018
Table 52: Iranian Personal Accident Insurance – Gross Written Premium (IRR Billion), 2009–2013
Table 53: Iranian Personal Accident Insurance – Gross Written Premium (IRR Billion), 2013–2018
Table 54: Iranian Personal Accident Insurance – Loss Ratio (%), 2009–2013
Table 55: Iranian Personal Accident Insurance – Loss Ratio (%), 2013–2018
Table 56: Iranian Travel Insurance – Number of Policies Sold (Thousand), 2009–2013
Table 57: Iranian Travel Insurance – Number of Policies Sold (Thousand), 2013–2018
Table 58: Iranian Travel Insurance – Gross Written Premium (IRR Billion), 2009–2013
Table 59: Iranian Travel Insurance – Gross Written Premium (IRR Billion), 2013–2018
Table 60: Iranian Travel Insurance – Loss Ratio (%), 2009–2013
Table 61: Iranian Travel Insurance – Loss Ratio (%), 2013–2018
Table 62: Iranian Health Insurance – Gross Written Premium by Sub-Category (IRR Billion), 2009–2013
Table 63: Iranian Health Insurance – Gross Written Premium by Sub-Category (US$ Billion), 2009–2013
Table 64: Iranian Health Insurance – Gross Written Premium by Sub-Category (IRR Billion), 2013–2018
Table 65: Iranian Health Insurance – Gross Written Premium by Sub-Category (US$ Billion), 2013–2018
Table 66: Iranian Non-Life Health Insurance – Number of Policies Sold (Thousand), 2009–2013
Table 67: Iranian Non-Life Health Insurance – Number of Policies Sold (Thousand), 2013–2018
Table 68: Iranian Non-Life Health Insurance – Gross Written Premium (IRR Billion), 2009–2013
Table 69: Iranian Non-Life Health Insurance – Gross Written Premium (IRR Billion), 2013–2018
Table 70: Iranian Non-Life Health Insurance – Direct Written Premium (IRR Billion), 2009–2013
Table 71: Iranian Non-Life Health Insurance – Direct Written Premium (IRR Billion), 2013–2018
Table 72: Iranian Non-Life Health Insurance – Loss Ratio (%), 2009–2013
Table 73: Iranian Non-Life Health Insurance – Loss Ratio (%), 2013–2018
Table 74: Iranian Non-Life Health Insurance – Retention (IRR Billion), 2009–2013
Table 75: Iranian Non-Life Health Insurance – Retention (IRR Billion), 2013–2018
Table 76: Iranian Personal Accident and Health Insurance – Direct Marketing Commission Paid (IRR Billion), 2009–2013
Table 77: Iranian Personal Accident and Health Insurance – Direct Marketing Commission Paid (IRR Billion), 2013–2018
Table 78: Iranian Personal Accident and Health Insurance – Gross Written Premium New Business Through Direct Marketing (IRR Billion), 2009–2013
Table 79: Iranian Personal Accident and Health Insurance – Gross Written Premium New Business Through Direct Marketing (IRR Billion), 2013–2018
Table 80: Iranian Personal Accident and Health Insurance – Policies Sold Through Direct Marketing (Thousand), 2009–2013
Table 81: Iranian Personal Accident and Health Insurance – Policies Sold Through Direct Marketing (Thousand), 2013–2018
Table 82: Iranian Personal Accident and Health Insurance – Number of Direct Marketing Distributors, 2009–2013
Table 83: Iranian Personal Accident and Health Insurance – Number of Direct Marketing Distributors, 2013–2018
Table 84: Iranian Personal Accident and Health Insurance – Bancassurance Commission Paid (IRR Billion), 2009–2013
Table 85: Iranian Personal Accident and Health Insurance – Bancassurance Commission Paid (IRR Billion), 2013–2018
Table 86: Iranian Personal Accident and Health Insurance – Gross Written Premium New Business Through Bancassurance (IRR Billion), 2009–2013
Table 87: Iranian Personal Accident and Health Insurance – Gross Written Premium New Business Through Bancassurance (IRR Billion), 2013–2018
Table 88: Iranian Personal Accident and Health Insurance – Policies Sold Through Bancassurance (Thousand), 2009–2013
Table 89: Iranian Personal Accident and Health Insurance – Policies Sold Through Bancassurance (Thousand), 2013–2018
Table 90: Iranian Personal Accident and Health Insurance – Number of Bancassurance Distributors, 2009–2013
Table 91: Iranian Personal Accident and Health Insurance – Number of Bancassurance Distributors, 2013–2018
Table 92: Iranian Personal Accident and Health Insurance – Commission Paid to Agencies (IRR Billion), 2009–2013
Table 93: Iranian Personal Accident and Health Insurance – Commission Paid to Agencies (IRR Billion), 2013–2018
Table 94: Iranian Personal Accident and Health Insurance – Gross Written Premium New Business Through Agencies (IRR Billion), 2009–2013
Table 95: Iranian Personal Accident and Health Insurance – Gross Written Premium New Business Through Agencies (IRR Billion), 2013–2018
Table 96: Iranian Personal Accident and Health Insurance – Policies Sold Through Agencies (Thousand), 2009–2013
Table 97: Iranian Personal Accident and Health Insurance – Policies Sold Through Agencies (Thousand), 2013–2018
Table 98: Iranian Personal Accident and Health Insurance – Number of Agencies, 2009–2013
Table 99: Iranian Personal Accident and Health Insurance – Number of Agencies, 2013–2018
Table 100: Iranian Personal Accident and Health Insurance – E-Commerce Commission Paid (IRR Billion), 2009–2013
Table 101: Iranian Personal Accident and Health Insurance – E-Commerce Commission Paid (IRR Billion), 2013–2018
Table 102: Iranian Personal Accident and Health Insurance – Gross Written Premium New Business Through E-Commerce (IRR Billion), 2009–2013
Table 103: Iranian Personal Accident and Health Insurance – Gross Written Premium New Business Through E-Commerce (IRR Billion), 2013–2018
Table 104: Iranian Personal Accident and Health Insurance – Policies Sold Through E-Commerce (Thousand), 2009–2013
Table 105: Iranian Personal Accident and Health Insurance – Policies Sold Through E-Commerce (Thousand), 2013–2018
Table 106: Iranian Personal Accident and Health Insurance – Number of E-Commerce Distributors, 2009–2013
Table 107: Iranian Personal Accident and Health Insurance – Number of E-Commerce Distributors, 2013–2018
Table 108: Iranian Personal Accident and Health Insurance – Commission Paid to Brokers (IRR Billion), 2009–2013
Table 109: Iranian Personal Accident and Health Insurance – Commission Paid to Brokers (IRR Billion), 2013–2018
Table 110: Iranian Personal Accident and Health Insurance – Gross Written Premium New Business Through Brokers (IRR Billion), 2009–2013
Table 111: Iranian Personal Accident and Health Insurance – Gross Written Premium New Business Through Brokers (IRR Billion), 2013–2018
Table 112: Iranian Personal Accident and Health Insurance – Policies Sold Through Brokers (Thousand), 2009–2013
Table 113: Iranian Personal Accident and Health Insurance – Policies Sold Through Brokers (Thousand), 2013–2018
Table 114: Iranian Personal Accident and Health Insurance – Number of Brokers, 2009–2013
Table 115: Iranian Personal Accident and Health Insurance – Number of Brokers, 2013–2018
Table 116: Iranian Personal Accident and Health Insurance – Commission Paid to Other Channels (IRR Billion), 2009–2013
Table 117: Iranian Personal Accident and Health Insurance – Commission Paid to Other Channels (IRR Billion), 2013–2018
Table 118: Iranian Personal Accident and Health Insurance – Gross Written Premium New Business Through Other Channels (IRR Billion), 2009–2013
Table 119: Iranian Personal Accident and Health Insurance – Gross Written Premium New Business Through Other Channels (IRR Billion), 2013–2018
Table 120: Iranian Personal Accident and Health Insurance – Policies Sold Through Other Channels (Thousand), 2009–2013
Table 121: Iranian Personal Accident and Health Insurance – Policies Sold Through Other Channels (Thousand), 2013–2018
Table 122: Iranian Personal Accident and Health Insurance – Number of Distributors in Other Channels, 2009–2013
Table 123: Iranian Personal Accident and Health Insurance – Number of Distributors in Other Channels, 2013–2018
Table 124: Iranian Reinsurance – Premium Accepted by Category (IRR Billion), 2009–2013
Table 125: Iranian Reinsurance – Premium Accepted by Category (US$ Million), 2009–2013
Table 126: Iranian Reinsurance – Premium Accepted by Category (IRR Billion), 2013–2018
Table 127: Iranian Reinsurance – Premium Accepted by Category (US$ Million), 2013–2018
Table 128: Iranian Reinsurance – Premium Ceded by Type of Insurance (IRR Billion), 2009–2013
Table 129: Iranian Reinsurance – Premium Ceded by Type of Insurance (US$ Million), 2009–2013
Table 130: Iranian Reinsurance – Premium Ceded by Type of Insurance (IRR Billion), 2013–2018
Table 131: Iranian Reinsurance – Premium Ceded by Type of Insurance (US$ Million), 2013–2018
Table 132: Iranian Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2009–2013
Table 133: Iranian Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2013–2018
Table 134: Iran – Life Insurance Regulatory Framework
Table 135: Iran – Property Insurance Regulatory Framework
Table 136: Iran – Motor Insurance Regulatory Framework
Table 137: Iran – Corporate Tax Rates for the Financial Year 2013
Table 138: Iranian Insurance Industry: Market Shares of Key Insurers, 2012
Table 139: Iran Insurance Company, Key Facts
Table 140: Iran Insurance Company, Key Financials (COP Billion), 2008–2012
Table 141: Asia Insurance Co., Key Facts
Table 142: Asia Insurance Co., Key Financials (COP Billion), 2008–2012
Table 143: Alborz Insurance Co., Key Facts
Table 144: Alborz Insurance Co., Key Financials (COP Billion), 2008–2012
Table 145: Parsian Insurance Co., Key Facts
Table 146: Parsian Insurance Co., Key Financials (COP Billion), 2008–2012
Table 147: Day Insurance Company, Key Facts
Table 148: Day Insurance Co., Key Financials (COP Billion), 2008–2012
Table 149: Pasargad Insurance Company, Key Facts
Table 150: Pasargad Insurance Company, Key Financials (COP Billion), 2008–2012

List of Chart

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 – Personal Accident and Health Insurance Segment Gross Written Premium (US$ Billion), 2011
Figure 5: Middle East Comparison – Personal Accident and Health Insurance Premium Per Capita (US$), 2011
Figure 6: Middle East Comparison – Personal Accident and Health Insurance Penetration (% of GDP), 2011 and 2016
Figure 7: Middle East Comparison – Personal Accident and Health Insurance Gross Written Premium Growth (%), 2007–2016
Figure 8: Middle East Comparison – Personal Accident and Health Insurance Gross Written Premium Per Capita Growth (%), 2007–2016
Figure 9: Middle East Comparison – Personal Accident and Health Insurance Loss Ratio (%), 2011 and 2016
Figure 10: Middle East Comparison – Personal Accident and Health Insurance Incurred Losses Per Capita (US$), 2011 and 2016
Figure 11: Middle East Comparison – Personal Accident and Health Insurance Incurred Losses as a Share of GDP (%), 2011 and 2016
Figure 12: Iranian Insurance – Gross Written Premium by Segment (IRR Billion), 2009–2018
Figure 13: Iranian Insurance – Dynamics by Segment, Gross Written premium (2009–2018)
Figure 14: Iranian Insurance – Direct Written Premium by Segment (IRR Billion), 2009–2018
Figure 15: Iranian Insurance – Dynamics by Segment, Direct Written premium (2009–2018)
Figure 16: Iranian Personal Accident and Health Insurance – Gross Written Premium by Category (IRR Billion), 2009–2018
Figure 17: Iranian Personal Accident and Health Insurance – Gross Written Premium by Category (% Share), 2013 and 2018
Figure 18: Iranian Personal Accident and Health Insurance – Dynamics by Category, 2009–2018
Figure 19: Iranian Personal Accident and Health Insurance – Direct Written Premium by Category (IRR Billion), 2009–2018
Figure 20: Iranian Personal Accident and Health Insurance – Direct Written Premium by Category (% Share), 2013 and 2018
Figure 21: Iranian Personal Accident and Health Insurance – Dynamics by Category, 2009–2018
Figure 22: Iranian Personal Accident and Health Insurance – Earned Premium (IRR Billion), 2009–2013
Figure 23: Iranian Personal Accident and Health Insurance – Earned Premium (IRR Billion), 2013–2018
Figure 24: Iranian Personal Accident and Health Insurance – Paid Claims by Category (IRR Billion), 2009–2018
Figure 25: Iranian Personal Accident and Health Insurance – Incurred Loss by Category (IRR Billion), 2009–2018
Figure 26: Iranian Personal Accident and Health Insurance – Retentions by Category (IRR Billion), 2009–2018
Figure 27: Iranian Personal Accident and Health Insurance – Loss Ratio (%), 2009–2013
Figure 28: Iranian Personal Accident and Health Insurance – Loss Ratio (%), 2013–2018
Figure 29: Iranian Personal Accident and Health Insurance – Commission and Expenses (IRR Billion), 2009–2013
Figure 30: Iranian Personal Accident and Health Insurance – Commission and Expenses (IRR Billion), 2013–2018
Figure 31: Iranian Personal Accident and Health Insurance – Combined Ratio (%), 2009–2013
Figure 32: Iranian Personal Accident and Health Insurance – Combined Ratio (%), 2013–2018
Figure 33: Iranian Personal Accident and Health Insurance – Frauds and Crimes (IRR Billion), 2009–2013
Figure 34: Iranian Personal Accident and Health Insurance – Frauds and Crimes (IRR Billion), 2013–2018
Figure 35: Iranian Personal Accident and Health Insurance – Total Assets (IRR Billion), 2009–2013
Figure 36: Iranian Personal Accident and Health Insurance – Total Assets (IRR Billion), 2013–2018
Figure 37: Iranian Personal Accident and Health Insurance – Total Investment Income (IRR Billion), 2009–2013
Figure 38: Iranian Personal Accident and Health Insurance – Total Investment Income (IRR Billion), 2013–2018
Figure 39: Iranian Personal Accident and Health Insurance – Retentions (IRR Billion), 2009–2013
Figure 40: Iranian Personal Accident and Health Insurance – Retentions (IRR Billion), 2013–2018
Figure 41: Iranian Personal Accident and Health Insurance – Investment Portfolio (IRR Billion), 2009–2013
Figure 42: Iranian Personal Accident and Health Insurance – Investment Portfolio (% Share), 2009 and 2013
Figure 43: Iranian Personal Accident and Health Insurance – Penetration (%), 2009–2013
Figure 44: Iranian Personal Accident and Health Insurance – Number of Policies Sold (Thousand), 2009–2013
Figure 45: Iranian Personal Accident and Health Insurance – Number of Policies Sold (Thousand), 2013–2018
Figure 46: Iranian Personal Accident and Health Insurance – Premium Per Capita (IRR), 2009–2013
Figure 47: Iranian Personal Accident Insurance – Number of Policies Sold (Thousand), 2009–2013
Figure 48: Iranian Personal Accident Insurance – Number of Policies Sold (Thousand), 2013–2018
Figure 49: Iranian Personal Accident Insurance – Gross Written Premium (IRR Billion), 2009–2013
Figure 50: Iranian Personal Accident Insurance – Gross Written Premium (IRR Billion), 2013–2018
Figure 51: Iranian Personal Accident Insurance – Loss Ratio (%), 2009–2013
Figure 52: Iranian Personal Accident Insurance – Loss Ratio (%), 2013–2018
Figure 53: Iranian Travel Insurance – Number of Policies Sold (Thousand), 2009–2013
Figure 54: Iranian Travel Insurance – Number of Policies Sold (Thousand), 2013–2018
Figure 55: Iranian Travel Insurance – Gross Written Premium (IRR Billion), 2009–2013
Figure 56: Iranian Travel Insurance – Gross Written Premium (IRR Billion), 2013–2018
Figure 57: Iranian Travel Insurance – Loss Ratio (%), 2009–2013
Figure 58: Iranian Travel Insurance – Loss Ratio (%), 2013–2018
Figure 59: Iranian Health Insurance – Gross Written Premium by Sub-Category (IRR Billion), 2009–2018
Figure 60: Iranian Health Insurance – Dynamics by Sub-Category, 2009–2018
Figure 61: Iranian Non-Life Health Insurance – Number of Policies Sold (Thousand), 2009–2013
Figure 62: Iranian Non-Life Health Insurance – Number of Policies Sold (Thousand), 2013–2018
Figure 63: Iranian Non-Life Health Insurance – Gross Written Premium (IRR Billion), 2009–2013
Figure 64: Iranian Non-Life Health Insurance – Gross Written Premium (IRR Billion), 2013–2018
Figure 65: Iranian Non-Life Health Insurance – Direct Written Premium (IRR Billion), 2009–2013
Figure 66: Iranian Non-Life Health Insurance – Direct Written Premium (IRR Billion), 2013–2018
Figure 67: Iranian Non-Life Health Insurance – Loss Ratio (%), 2009–2013
Figure 68: Iranian Non-Life Health Insurance – Loss Ratio (%), 2013–2018
Figure 69: Iranian Non-Life Health Insurance – Retention (IRR Billion), 2009–2013
Figure 70: Iranian Non-Life Health Insurance – Retention (IRR Billion), 2013–2018
Figure 71: Iranian Personal Accident and Health Insurance – Written Premium by Distribution Channel (% Share), 2013 and 2018
Figure 72: Iranian Personal Accident and Health Insurance – Direct Marketing Commission Paid (IRR Billion), 2009–2013
Figure 73: Iranian Personal Accident and Health Insurance – Direct Marketing Commission Paid (IRR Billion), 2013–2018
Figure 74: Iranian Personal Accident and Health Insurance – Gross Written Premium New Business Through Direct Marketing (IRR Billion), 2009–2013
Figure 75: Iranian Personal Accident and Health Insurance – Gross Written Premium New Business Through Direct Marketing (IRR Billion), 2013–2018
Figure 76: Iranian Personal Accident and Health Insurance – Policies Sold Through Direct Marketing (Thousand), 2009–2013
Figure 77: Iranian Personal Accident and Health Insurance – Policies Sold Through Direct Marketing (Thousand), 2013–2018
Figure 78: Iranian Personal Accident and Health Insurance – Number of Direct Marketing Distributors, 2009–2013
Figure 79: Iranian Personal Accident and Health Insurance – Number of Direct Marketing Distributors, 2013–2018
Figure 80: Iranian Personal Accident and Health Insurance – Bancassurance Commission Paid (IRR Billion), 2009–2013
Figure 81: Iranian Personal Accident and Health Insurance – Bancassurance Commission Paid (IRR Billion), 2013–2018
Figure 82: Iranian Personal Accident and Health Insurance – Gross Written Premium New Business Through Bancassurance (IRR Billion), 2009–2013
Figure 83: Iranian Personal Accident and Health Insurance – Gross Written Premium New Business Through Bancassurance (IRR Billion), 2013–2018
Figure 84: Iranian Personal Accident and Health Insurance – Policies Sold Through Bancassurance (Thousand), 2009–2013
Figure 85: Iranian Personal Accident and Health Insurance – Policies Sold Through Bancassurance (Thousand), 2013–2018
Figure 86: Iranian Personal Accident and Health Insurance – Number of Bancassurance Distributors, 2009–2013
Figure 87: Iranian Personal Accident and Health Insurance – Number of Bancassurance Distributors, 2013–2018
Figure 88: Iranian Personal Accident and Health Insurance – Commission Paid to Agencies (IRR Billion), 2009–2013
Figure 89: Iranian Personal Accident and Health Insurance – Commission Paid to Agencies (IRR Billion), 2013–2018
Figure 90: Iranian Personal Accident and Health Insurance – Gross Written Premium New Business Through Agencies (IRR Billion), 2009–2013
Figure 91: Iranian Personal Accident and Health Insurance – Gross Written Premium New Business Through Agencies (IRR Billion), 2013–2018
Figure 92: Iranian Personal Accident and Health Insurance – Policies Sold Through Agencies (Thousand), 2009–2013
Figure 93: Iranian Personal Accident and Health Insurance – Policies Sold Through Agencies (Thousand), 2013–2018
Figure 94: Iranian Personal Accident and Health Insurance – Number of Agencies, 2009–2013
Figure 95: Iranian Personal Accident and Health Insurance – Number of Agencies, 2013–2018
Figure 96: Iranian Personal Accident and Health Insurance – E-Commerce Commission Paid (IRR Billion), 2009–2013
Figure 97: Iranian Personal Accident and Health Insurance – E-Commerce Commission Paid (IRR Billion), 2013–2018
Figure 98: Iranian Personal Accident and Health Insurance – Gross Written Premium New Business Through E-Commerce (IRR Billion), 2009–2013
Figure 99: Iranian Personal Accident and Health Insurance – Gross Written Premium New Business Through E-Commerce (IRR Billion), 2013–2018
Figure 100: Iranian Personal Accident and Health Insurance – Policies Sold Through E-Commerce (Thousand), 2009–2013
Figure 101: Iranian Personal Accident and Health Insurance – Policies Sold Through E-Commerce (Thousand), 2013–2018
Figure 102: Iranian Personal Accident and Health Insurance – Number of E-Commerce Distributors, 2009–2013
Figure 103: Iranian Personal Accident and Health Insurance – Number of E-Commerce Distributors, 2013–2018
Figure 104: Iranian Personal Accident and Health Insurance – Commission Paid to Brokers (IRR Billion), 2009–2013
Figure 105: Iranian Personal Accident and Health Insurance – Commission Paid to Brokers (IRR Billion), 2013–2018
Figure 106: Iranian Personal Accident and Health Insurance – Gross Written Premium New Business Through Brokers (IRR Billion), 2009–2013
Figure 107: Iranian Personal Accident and Health Insurance – Gross Written Premium New Business Through Brokers (IRR Billion), 2013–2018
Figure 108: Iranian Personal Accident and Health Insurance – Policies Sold Through Brokers (Thousand), 2009–2013
Figure 109: Iranian Personal Accident and Health Insurance – Policies Sold Through Brokers (Thousand), 2013–2018
Figure 110: Iranian Personal Accident and Health Insurance – Number of Brokers, 2009–2013
Figure 111: Iranian Personal Accident and Health Insurance – Number of Brokers, 2013–2018
Figure 112: Iranian Personal Accident and Health Insurance – Commission Paid to Other Channels (IRR Billion), 2009–2013
Figure 113: Iranian Personal Accident and Health Insurance – Commission Paid to Other Channels (IRR Billion), 2013–2018
Figure 114: Iranian Personal Accident and Health Insurance – Gross Written Premium New Business Through Other Channels (IRR Billion), 2009–2013
Figure 115: Iranian Personal Accident and Health Insurance – Gross Written Premium New Business Through Other Channels (IRR Billion), 2013–2018
Figure 116: Iranian Personal Accident and Health Insurance – Policies Sold Through Other Channels (Thousand), 2009–2013
Figure 117: Iranian Personal Accident and Health Insurance – Policies Sold Through Other Channels (Thousand), 2013–2018
Figure 118: Iranian Personal Accident and Health Insurance – Number of Distributors in Other Channels, 2009–2013
Figure 119: Iranian Personal Accident and Health Insurance – Number of Distributors in Other Channels, 2013–2018
Figure 120: Iranian Personal Accident and Health Insurance – Five Forces Analysis
Figure 121: Iranian Reinsurance Segment – Premium Accepted by Category (IRR Billion), 2009–2018
Figure 122: Iranian Reinsurance Segment – Premium Accepted by Category (% Share), 2013 and 2018
Figure 123: Iranian Reinsurance Segment – Premium Accepted Dynamics by Category, 2009–2018
Figure 124: Iranian Reinsurance Segment – Premium Ceded by Type of Insurance (IRR Billion), 2009–2018
Figure 125: Iranian Reinsurance Segment – Premium Ceded Dynamics by Type of Insurance, 2009–2018
Figure 126: Iranian Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2009–2013
Figure 127: Iranian Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2013–2018
Figure 128: Iran – Insurance Regulatory Framework
Figure 129: Iran – Insurance Supervision and Control at Various Levels
Figure 130: Iran – Insurance Regulatory Frameworks for Company Registration and Operation
Figure 131: Iranian Insurance Industry – Shares of Key Insurers (%), 2012
Figure 132: Iranian Stock Exchange Market Capitalization (US$ Billion), 2008–2012
Figure 133: Iranian GDP at Constant Prices (US$ Billion), 2008–2012
Figure 134: Iranian GDP Per Capita at Constant Prices (US$), 2008–2012
Figure 135: Iranian GDP at Current Prices (US$ Billion), 2008–2012
Figure 136: Iranian GDP Per Capita at Current Prices (US$), 2008–2012
Figure 137: Iranian GDP by Key Sector (%), 2008 and 2012
Figure 138: Iranian Agriculture, Hunting, Forestry and Fishing Net Output at Current Prices (US$ Billion), 2008–2012
Figure 139: Iranian Agriculture, Hunting, Forestry and Fishing Net Output at Current Prices as a Percentage of GDP (%), 2008–2012
Figure 140: Iranian Manufacturing Net Output at Current Prices (US$ Billion), 2008–2012
Figure 141: Iranian Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2008–2012
Figure 142: Iranian Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2008–2012
Figure 143: Iranian Mining, Manufacturing and Utilities Net Output at Current Prices as a Percentage of GDP (%), 2008–2012
Figure 144: Iranian Construction Net Output at Current Prices (US$ Billion), 2008– 2012
Figure 145: Iranian Construction Output at Current Prices as a Percentage of GDP (%), 2008–2012
Figure 146: Iranian Inflation Rate (%), 2008–2012
Figure 147: Iranian Exports as a Percentage of GDP (%), 2008–2012
Figure 148: Iranian Imports as a Percentage of GDP (%), 2008–2012
Figure 149: Iranian Merchandise Exports Growth (%), 2008–2012
Figure 150: Iranian Merchandise Imports Growth (%), 2008–2012
Figure 151: Iranian Annual Average Exchange Rate US$–IRR, 2008–2012
Figure 152: Iranian Internet Subscriptions (Millions), 2008–2012
Figure 153: Iranian Size of Labor Force (Million), 2008–2012
Figure 154: Iranian Unemployment Rate (%), 2008–2012
Figure 155: Iranian Total Population (Million), 2008–2012
Figure 156: Iranian Urban and Rural Populations (%), 2008–2012
Figure 157: Iranian Population Distribution by Age (%), 2008–2012

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