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Personal Accident and Health Insurance in Iran, Key Trends and Opportunities to 2020

Press Release   •   Aug 23, 2017 07:05 EDT

Synopsis

Timetrics 'Personal Accident and Health Insurance in Iran, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Iranian personal accident and health insurance segment, and a comparison of the Iranian insurance industry with its regional counterparts.
It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (20112015) and forecast period (20152020).
The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Iranian economy and demographics, and provides detailed information on the competitive landscape in the country.
The report brings together Timetrics research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.
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Summary
Timetrics 'Personal Accident and Health Insurance in Iran, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Iranian personal accident and health insurance segment, including:
An overview of the Iranian personal accident and health insurance segment
The Iranian personal accident and health insurance segments growth prospects by category
A comprehensive overview of the Iranian economy and demographics
A comparison of the Iranian personal accident and health insurance segment with its regional counterparts
The various distribution channels in the Iranian personal accident and health insurance segment
Details of the competitive landscape in the personal accident and health insurance segment in Iran
Details of regulatory policy applicable to the Iranian insurance industry
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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 reports 20112015 review period, and projected figures for the 20152020 forecast period.
It offers a detailed analysis of the key categories in the Iranian personal accident and health insurance segment, and market forecasts to 2020.
It provides a comparison of the Iranian personal accident and health insurance segment with its regional counterparts
It provides an overview of the various distribution channels for personal accident and health insurance products in Iran.
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 in the Iranian personal accident and health insurance segment.
Assess the competitive dynamics in the personal accident and health insurance segment.
Identify growth opportunities and market dynamics in key product categories.
Gain insights into key regulations governing the Iranian insurance industry, and their impact on companies and the industry's future.
Key Highlights
In March 2017, Irans Guardian Council, a 12member body, approved the Third Party Insurance Bill. This will ensure no gender discrimination while compensating to road accident victims.
In February 9, 2017, the Central Insurance of Iran (CII) and Central Bank of Armenia signed an agreement of mutual cooperation between insurance and reinsurance business.
Traffic accidents in Iran cause a daily loss of IRR320.0 billion (US$8.5 million), which in a year amounts to 8% of the countrys gross domestic product.
In December 15, 2016, the Audit Organization of Iran (AIO) published a circular mandating all large listed companies, including banks, insurance companies and other financial institutions, to comply with International Financial Reporting Standards (IFRS) from March 2017.