صنعت بیمه در ایران- سه ماهه اول 2016

BMI Industry View

BMI View: The short term outlook for Iran's insurance market is subdued, due both to limited domestic economic growth and to ongoing currency fluctuations against the US dollar. Iran does however offer significant long term growth potential, having a large population in which unemployment is expected to gradually decrease and household income is expected to increase, leading to higher levels of expenditure on insurable products and improved demand for various life savings or protections products. The marketremains dominated by state-owned insurance firms, and government intervention in the sector is extensive.

However the potential relaxation of restrictive sanctions could allow entry by major regional and global insurance firms, which would bring much needed expertise and capital to the market and allow for more substantial and sustained future growth rates.

Key Updates And Forecasts

■ Iran's insurance market continues to see steady increases in claims, with industry regulator Central Insurance of Iran reporting in October 2015 that claims paid had increased by 21.7% over the first five months of the year 1394 (March to July 2015).

■ The potential relaxation of sanctions has led to a surge in interest from foreign insurance firms, with Reuters reporting that eight out 11 major insurers surveyed perceive the Iranian insurance market as an attractive one, with some planning entries as early as 2016, focusing on the energy and marine sectors.

■ Currency fluctuations and a weak short-term economic outlook underpin our forecasts for contractions in both the life and non-life insurance markets over 2015, before seeing a return to solid growth rates from 2016 onwards. The more developed non-life sector will continue to dominate.

گزارش تحلیلی بیزینس مانیتور- صنعت بیمه در ایران- سه ماهه اول 2016