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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 2 Š This is a licensed product of Ken Research and should not be copied


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 3 Š This is a licensed product of Ken Research and should not be copied


Final Conclusion 21.4.

Disclaimer

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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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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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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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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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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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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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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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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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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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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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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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Iran Insurance Industry Outlook to 2017 – Growth Steered by Rising Health Insurance Penetration  

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

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