New Market Report: Iran Insurance Report Q1 2016

Over 2 0 15 we anticipate that the Iranian insurance sector as a whole will contract by nearly 15% in part due to a weak economic forecast. This is largely down to continued uncertainty over Iran's rapprochement with the West and low oil prices. Over the rest of the forecast period growth should pick up as the economy as a whole improves. Growth is likely to be largely driven by basic, compulsory lines including motor and health.

As with many regional markets the non-life segment is relatively large compared to its life counterpart; it will remain the key source of growth for the sector as a whole. Compulsory motorists' third party insurance (CMPTL) and health insurance remain by far the dominant lines. These will constitute the greatest driving forces behind the increase in premiums over 2015. Motor insurance will be driven by the high demand for automobiles, which we anticipate to remain strong given the lack of investment in public transport and the low oil prices. In addition, health insurance should remain a dominant line as the state looks to offset the high costs of public healthcare by encouraging citizens to seek private health solutions. Moreover, a combination of an increase in the number of over 65s and a rise in the collective wealth of the middle class may give the sub-sector an additional source of growth.

Full Report Details at
- http://www.fastmr.com/prod/1058399_iran_insurance_report_q1_2016.aspx?afid=301

The Iran Insurance Report has been researched at source and features BMI Research's independent assessment and forecasts for the insurance sector. It examines industry developments, key growth drivers and risk management projections, including the macroeconomic situation, government policy, regulatory environment and the level of development and potential for growth, broken down by line. Leading insurers are profiled, covering premiums, products and services and competitive positioning.

BMI's Iran Insurance Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Iranian insurance industry.

Key Benefits

* Benchmark BMI's independent insurance industry forecasts for Iran to test other views - a key input for successful budgeting and strategic business planning in Iran's insurance market.
* Target business opportunities and risks in Iran through our reviews of latest industry trends, regulatory changes and major deals, investments and macroeconomic developments.
* Exploit latest competitive intelligence on your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).

Coverage

BMI Industry View

Summary of BMI’s key industry forecasts and views, covering the Life and Non-Life segments, the evolving competitive landscape and business operational risks.

Industry SWOT Analysis

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