Executive summary

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Scope

• This report provides a comprehensive analysis of the reinsurance market in Iran:
• It provides historical values for the Iranian reinsurance market for the review period (2007–2011) and forecast period (2012–2016)
• It offers a detailed analysis of the key sub-segments in the Iranian reinsurance market, along with market forecasts until 2016
• It provides a detailed analysis of the reinsurance ceded from various direct insurance markets in Iran and its growth prospects
• It profiles the top reinsurance companies in Iran

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Key highlights

• Iran is situated in a high natural disaster-prone location. The country is prone to earthquakes with the occurrence of two earthquakes in 2010 and one in 2011.
• Iran’s position in a high disaster risk region influenced the reinsurance segment as it increased consumer awareness towards insurance policies such as property and motor insurance.
• The key growth driver of the reinsurance business over the forecast period will be the strict regulations for minimum capital requirements and legal cession on all companies operating in Iran.
• As of 2011, the Iranian reinsurance segment is dominated by the Amin Reinsurance Company (Amin Re) which accounted for the largest market share in the segment.

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Reasons to buy

• Make strategic business decisions using in depth historic and forecast market data related to the Iranian reinsurance market and each sector within it
• Understand the demand-side dynamics, key market trends and growth opportunities within the Iranian reinsurance market
• Assess the competitive dynamics in the reinsurance market
• Identify the growth opportunities and market dynamics within key product categories
• Gain insights into key regulations governing the Iranian insurance market and its impact on companies and the market's future

Table of contents

1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Iranian Insurance Industry Attractiveness
3.1 Insurance Industry
3.2 Reinsurance Growth Dynamics and Challenges
3.2.1 Reinsurance market size, 2007–2016
3.2.2 Reinsurance market size by insurance segment, 2007–2016
4 Key Industry Trends and Drivers
4.1 Fundamental Business Drivers
4.2 Life Insurance Growth Drivers
4.3 Non-Life Insurance Growth Drivers
4.4 Personal Accident and Health Insurance Growth Drivers
5 Competitive Landscape and Strategic Insights
5.1 Overview
5.2 Leading Companies in the Iranian Reinsurance Segment
5.3 Amin Re – Company Overview
5.3.1 Amin Re – key facts
5.3.2 Amin Re – main products
5.3.3 Amin Re – main competitors
5.3.4 Amin Re – Key employees
6 Business Environment and Country Risk
6.1 Business Confidence
6.1.1 Market capitalization trend – Tehran Stock Exchange, Iran
6.2 Economic Performance
6.2.1 GDP at constant prices (US dollar)
6.2.2 GDP per capita at constant prices (US dollar)
6.2.3 GDP at current prices (US dollar)
6.2.4 GDP per capita at current prices (US dollar)
6.2.5 GDP by key segments
6.2.6 Agricultural net output at current prices (IRR)
6.2.7 Agricultural net output at current prices (US dollar)
6.2.8 Agricultural net output at current prices as a percentage of GDP
6.2.9 Manufacturing net output at current prices (IRR)
6.2.10 Manufacturing net output at current prices (US dollar)
6.2.11 Manufacturing net output at current prices as a percentage of GDP
6.2.12 Mining, manufacturing and utilities net output at current prices (IRR)
6.2.13 Mining, manufacturing and utilities at current prices (US dollar)
6.2.14 Mining, manufacturing and utilities at current prices, as percentage of GDP
6.2.15 Construction net output at current prices (IRR)
6.2.16 Construction net output at current prices, (US dollar)
6.2.17 Construction net output at current prices as a percentage of GDP
6.2.18 Inflation rate
6.2.19 Current account balance as a percentage of GDP
6.2.20 Exports as a percentage of GDP
6.2.21 Imports as a percentage of GDP
6.2.22 Exports growth
6.2.23 Imports growth
6.2.24 Annual average exchange rate US$–IRR
6.2.25 End-of-period exchange rate US$–IRR
6.3 Infrastructure Quality and Availability
6.3.1 Total airports and sea ports
6.3.2 Railways and roadways
6.3.3 Passenger vehicle production volume
6.3.4 Commercial vehicle production volume
6.3.5 Automotive component exports trend
6.3.6 Automotive component imports trend
6.3.7 Passenger car penetration
6.3.8 Healthcare expenditure
6.3.9 Healthcare expenditure as a percentage of GDP
6.3.10 Healthcare expenditure per capita
6.3.11 Total internet subscribers
6.4 Labor Force
6.4.1 Labor force
6.4.2 Unemployment rate
6.5 Demographics
6.5.1 Annual disposable income
6.5.2 Annual per capita disposable income
6.5.3 Total population
6.5.4 Urban and rural population
6.5.5 Female percentage of population
6.5.6 Male percentage of population
6.5.7 Mean age of the population
6.5.8 Median age of population
6.5.9 Population density
6.5.10 Age distribution of the total population
6.5.11 Age distribution of the male population
6.5.12 Age distribution of the female population
6.5.13 Number of households
6.6 Political and Social Risk
6.6.1 Political stability
6.6.2 Terrorism index
6.6.3 Transparency index
7 Appendix
7.1 Methodology
7.2 Contact us
7.3 About Timetric
7.4 Disclaimer

List of tables

Table 1: Insurance Industry Definitions
Table 2: Iranian Insurance Overall Written Premium by Segment (IRR Billion), 2007–2011
Table 3: Iranian Insurance Overall Written Premium by Segment (US$ Billion), 2007–2011
Table 4: Iranian Insurance Overall Written Premium by Segment (IRR Billion), 2011–2016
Table 5: Iranian Insurance Overall Written Premium by Segment (US$ Billion), 2011–2016
Table 6: Iranian Insurance Segmentation (% Share), 2007–2016
Table 7: Iranian Reinsurance Market Size by Category (IRR Billion), 2007–2011
Table 8: Iranian Reinsurance Market Size by Category (US$ Billion), 2007–2011
Table 9: Iranian Reinsurance Market Size by Category (IRR Billion), 2011–2016
Table 10: Iranian Reinsurance Market Size by Category (US$ Billion), 2011–2016
Table 11: Iranian Reinsurance Premium Ceded by Segment (IRR Billion), 2007–2011
Table 12: Iranian Reinsurance Premium Ceded by Segment (US$ Billion), 2007–2011
Table 13: Iranian Reinsurance Premium Ceded by Segment (IRR Billion), 2011–2016
Table 14: Iranian Reinsurance Premium Ceded by Segment (US$ Billion), 2011–2016
Table 15: Iranian Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Table 16: Iranian Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Table 17: Iranian Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Table 18: Iranian Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Table 19: Iranian Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Table 20: Iranian Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Table 21: Iranian Leading Reinsurance Companies, 2011
Table 22: Amin Re, Key Facts
Table 23: Amin Re, Main Products
Table 24: Amin Re, Key Employees

List of figures

Figure 1: Iranian Insurance Overall Written Premium by Segment (IRR Billion), 2007–2016
Figure 2: Iranian Insurance Market Dynamics by Segment, 2007–2016
Figure 3: Iranian Reinsurance Market Size by Category (IRR Billion), 2007–2016
Figure 4: Iranian Reinsurance Market Size by Category (% Share), 2011 and 2016
Figure 5: Iranian Reinsurance Market Dynamics by Category, 2007–2016
Figure 6: Iranian Reinsurance Premium Ceded by Segment (IRR Billion), 2007–2016
Figure 7: Iranian Reinsurance Market Dynamics by Segment, 2007–2016
Figure 8: Iranian Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Figure 9: Iranian Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Figure 10: Iranian Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Figure 11: Iranian Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Figure 12: Iranian Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Figure 13: Iranian Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Figure 14: Tehran Stock Exchange Market Capitalization (US$ Billion), 2007–2011
Figure 15: Iranian GDP at Constant Prices (US$ Billion), 2007–2011
Figure 16: Iranian GDP Per Capita at Constant Prices (US$), 2007–2011
Figure 17: Iranian GDP at Current Prices (US$ Billion), 2007–2011
Figure 18: Iranian GDP Per Capita at Current Prices (US$), 2007–2011
Figure 19: Iranian GDP by Key Segments (%) 2009 and 2011
Figure 20: Iranian Agricultural Net Output at Current Prices (IRR Billion), 2007–2011
Figure 21: Iranian Agricultural Net Output at Current Prices (US$ Billion), 2007–2011
Figure 22: Iranian Agricultural Net Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 23: Iranian Manufacturing Net Output at Current Prices (IRR Billion), 2007–2011
Figure 24: Iranian Manufacturing Net Output at Current Prices (US$ Billion), 2007–2011
Figure 25: Iranian Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 26: Iranian Mining, Manufacturing and Utilities Net Output at Current Prices (IRR Billion), 2007–2011
Figure 27: Iranian Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2007–2011
Figure 28: Iranian Mining, Manufacturing and Utilities Net Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 29: Iranian Construction Net Output at Current Prices (IRR Billion), 2007–2011
Figure 30: Iranian Construction Net Output at Current Prices (US$ Billion), 2007– 2011
Figure 31: Iranian Construction Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 32: Iranian Inflation Rate (%), 2007–2011
Figure 33: Iranian Current Account Balance as a Percentage of GDP(%), 2007–2011
Figure 34: Iranian Exports as a Percentage of GDP (%), 2007–2011
Figure 35: Iranian Imports as a Percentage of GDP (%), 2007–2011
Figure 36: Iranian Exports Growth (%), 2007–2011
Figure 37: Iranian Imports Growth (%), 2007–2011
Figure 38: Iranian Annual Average Exchange Rate US$–IRR, 2007–2011
Figure 39: Iranian End-of-Period Exchange Rate US$–IRR, 2007–2011
Figure 40: Iranian Airports and Sea Ports (Number), 2011
Figure 41: Iranian Railways and Roadways (Kilometers), 2011
Figure 42: Iranian Passenger Vehicle Production, 2007–2011
Figure 43: Iranian Commercial Vehicle Production, 2007–2011
Figure 44: Iranian Automotive Component Exports (US$ Billion), 2007–2011
Figure 45: Iranian Automotive Component Imports (US$ Billion), 2007–2011
Figure 46: Iranian Passenger Car Penetration (per thousand people), 2007–2011
Figure 47: Iranian Healthcare Expenditure (US$ Billion), 2007–2011
Figure 48: Iranian Healthcare Expenditure as a Percentage of GDP (%), 2007–2011
Figure 49: Iranian Per Capita Healthcare Expenditure (US$), 2007–2011
Figure 50: Iranian Internet Subscriptions (Million), 2007–2011
Figure 51: Iranian Size of Labor Force in 15–59 Age Group (Million), 2007–2011
Figure 52: Iranian Unemployment Rate (%), 2007–2011
Figure 53: Iranian Annual Disposable Income (US$ Billion), 2007–2011
Figure 54: Iranian Annual Per Capita Disposable Income (US$), 2007–2011
Figure 55: Iranian Total Population (Million), 2007–2011
Figure 56: Iranian Urban and Rural Population (%), 2007–2011
Figure 57: Iranian Female Percentage of Population (%), 2007–2011
Figure 58: Iranian Male Percentage of Population (%), 2007–2011
Figure 59: Iranian Mean Age of Population (Years), 2007–2011
Figure 60: Iranian Median Age of Population (Years), 2007–2011
Figure 61: Iranian Population Density (per Square Kilometer), 2007–2011
Figure 62: Iranian Population Distribution by Age (%), 2007–2011
Figure 63: Iranian Male Population Distribution by Age (%), 2007–2011
Figure 64: Iranian Female Population Distribution by Age (%), 2007–2011
Figure 65: Iranian Households, Number of (Million), 2007–2011
Figure 66: Global Terrorism Heat Map, 2011
Figure 67: Iranian Transparency Index, 2007–2011