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INSURANCE INDUSTRY IN IRAN
With a 16.8% nominal growth rate in 2015 rate , Iran’s insurance market with a revenue of over 240 trillion IRR ( 7.9 billion$)in 2015 , ranked 42nd in the world in terms of total premiums value. $ 99.6 written premiums per capita, insurance industry constituted 2.08% of Iran’s GDP in 2015. The growth of life insurance penetration rate from %0.08 to %0.21 in 2015, together with life insurance premiums anticipated to experience an annual growth, indicate the potential opportunities Iran’s market has to offer to dear investors. |
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