Life Insurance in Iran, Key Trends and Opportunities to 2018

Date: 2015-09

According to Timetric, the Iranian life segment was ranked 58th globally in terms of gross written premiums in 2012. However, in the same year in the Middle East and African (MENA) region, the Iranian life accounted for the fourth-highest gross written premiums after South Africa, Israel and Morocco. The life segment accounted for the lowest market share of the Iranian insurance industry at 8.69% in 2013. Consumer austerity measures and government initiatives to promote life insurance are expected to lead the segment to grow over the forecast period (2013โ€“2018). As a result, the segment is expected to record a CAGR of 26.1% over the forecast period 2018.

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