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Non Life Insurance Market in Iran 2024-2028

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    Report

  • 119 Pages
  • October 2024
  • Region: Iran
  • TechNavio
  • ID: 5534210
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The non life insurance market in iran is forecasted to grow by USD 1.61 billion during 2023-2028, accelerating at a CAGR of 2.4% during the forecast period. The report on the non life insurance market in iran provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for insurance policies, increasing government regulations on mandatory insurance coverages, and insurance as tool for overcoming poverty.

The non life insurance market in iran is segmented as below:

By Distribution Channel

  • Direct
  • Brokers
  • Banks
  • Others

By Product

  • Health insurance
  • Motor insurance
  • Fire insurance
  • Marine insurance
  • Others

By Geographical Landscape

  • Middle East and Africa
This study identifies the emergence of digital marketing platforms as one of the prime reasons driving the non life insurance market in iran growth during the next few years. Also, rapid growth of cyber insurance industry and integration of it and analytic solutions will lead to sizable demand in the market.

The report on the non life insurance market in iran covers the following areas:

  • Non Life Insurance Market in Iran sizing
  • Non Life Insurance Market in Iran forecast
  • Non Life Insurance Market in Iran industry analysis
A robust vendor analysis within the report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading non life insurance market in iran vendors that include Arab Insurance Group, Arman Insurance, Asia Insurance Co., Bimeh Iran Insurance Co., Hekmat Saba Insurance, Mellat Insurance Co., Omid Insurance Co., Parsian Insurance, Pasargad Insurance Co., Razi Insurance Co., Saman Insurance, Sarmad Insurance Co., Taavon Insurance Co., and Tejarat Insurance Co. Also, the non life insurance market in iran analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
  • Executive Summary - Chart on Market Overview
  • Executive Summary - Data Table on Market Overview
  • Executive Summary - Chart on Country Market Characteristics
  • Executive Summary - Chart on Market Segmentation by Distribution Channel
  • Executive Summary - Chart on Market Segmentation by Product
  • Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
  • Parent Market
  • Data Table on - Parent Market
2.2 Market characteristics
  • Market characteristics analysis
2.3 Value chain analysis
  • Value Chain Analysis
3 Market Sizing
3.1 Market definition
  • Offerings of companies included in the market definition
3.2 Market segment analysis
  • Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
  • Chart on Iran - Market size and forecast 2023-2028 ($ million)
  • Data Table on Iran - Market size and forecast 2023-2028 ($ million)
  • Chart on Iran: Year-over-year growth 2023-2028 (%)
  • Data Table on Iran: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Non Life Insurance Market in Iran 2018 - 2022
  • Historic Market Size - Data Table on Non Life Insurance Market in Iran 2018 - 2022 ($ million)
4.2 Distribution Channel segment analysis 2018 - 2022
  • Historic Market Size - Distribution Channel Segment 2018 - 2022 ($ million)
4.3 Product segment analysis 2018 - 2022
  • Historic Market Size - Product Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
  • Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
  • Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
  • Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
  • Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
  • Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
  • Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
  • Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Distribution Channel
6.1 Market segments
  • Chart on Distribution Channel - Market share 2023-2028 (%)
  • Data Table on Distribution Channel - Market share 2023-2028 (%)
6.2 Comparison by Distribution Channel
  • Chart on Comparison by Distribution Channel
  • Data Table on Comparison by Distribution Channel
6.3 Direct - Market size and forecast 2023-2028
  • Chart on Direct - Market size and forecast 2023-2028 ($ million)
  • Data Table on Direct - Market size and forecast 2023-2028 ($ million)
  • Chart on Direct - Year-over-year growth 2023-2028 (%)
  • Data Table on Direct - Year-over-year growth 2023-2028 (%)
6.4 Brokers - Market size and forecast 2023-2028
  • Chart on Brokers - Market size and forecast 2023-2028 ($ million)
  • Data Table on Brokers - Market size and forecast 2023-2028 ($ million)
  • Chart on Brokers - Year-over-year growth 2023-2028 (%)
  • Data Table on Brokers - Year-over-year growth 2023-2028 (%)
6.5 Banks - Market size and forecast 2023-2028
  • Chart on Banks - Market size and forecast 2023-2028 ($ million)
  • Data Table on Banks - Market size and forecast 2023-2028 ($ million)
  • Chart on Banks - Year-over-year growth 2023-2028 (%)
  • Data Table on Banks - Year-over-year growth 2023-2028 (%)
6.6 Others - Market size and forecast 2023-2028
  • Chart on Others - Market size and forecast 2023-2028 ($ million)
  • Data Table on Others - Market size and forecast 2023-2028 ($ million)
  • Chart on Others - Year-over-year growth 2023-2028 (%)
  • Data Table on Others - Year-over-year growth 2023-2028 (%)
6.7 Market opportunity by Distribution Channel
  • Market opportunity by Distribution Channel ($ million)
  • Data Table on Market opportunity by Distribution Channel ($ million)
7 Market Segmentation by Product
7.1 Market segments
  • Chart on Product - Market share 2023-2028 (%)
  • Data Table on Product - Market share 2023-2028 (%)
7.2 Comparison by Product
  • Chart on Comparison by Product
  • Data Table on Comparison by Product
7.3 Health insurance - Market size and forecast 2023-2028
  • Chart on Health insurance - Market size and forecast 2023-2028 ($ million)
  • Data Table on Health insurance - Market size and forecast 2023-2028 ($ million)
  • Chart on Health insurance - Year-over-year growth 2023-2028 (%)
  • Data Table on Health insurance - Year-over-year growth 2023-2028 (%)
7.4 Motor insurance - Market size and forecast 2023-2028
  • Chart on Motor insurance - Market size and forecast 2023-2028 ($ million)
  • Data Table on Motor insurance - Market size and forecast 2023-2028 ($ million)
  • Chart on Motor insurance - Year-over-year growth 2023-2028 (%)
  • Data Table on Motor insurance - Year-over-year growth 2023-2028 (%)
7.5 Fire insurance - Market size and forecast 2023-2028
  • Chart on Fire insurance - Market size and forecast 2023-2028 ($ million)
  • Data Table on Fire insurance - Market size and forecast 2023-2028 ($ million)
  • Chart on Fire insurance - Year-over-year growth 2023-2028 (%)
  • Data Table on Fire insurance - Year-over-year growth 2023-2028 (%)
7.6 Marine insurance - Market size and forecast 2023-2028
  • Chart on Marine insurance - Market size and forecast 2023-2028 ($ million)
  • Data Table on Marine insurance - Market size and forecast 2023-2028 ($ million)
  • Chart on Marine insurance - Year-over-year growth 2023-2028 (%)
  • Data Table on Marine insurance - Year-over-year growth 2023-2028 (%)
7.7 Others - Market size and forecast 2023-2028
  • Chart on Others - Market size and forecast 2023-2028 ($ million)
  • Data Table on Others - Market size and forecast 2023-2028 ($ million)
  • Chart on Others - Year-over-year growth 2023-2028 (%)
  • Data Table on Others - Year-over-year growth 2023-2028 (%)
7.8 Market opportunity by Product
  • Market opportunity by Product ($ million)
  • Data Table on Market opportunity by Product ($ million)
8 Customer Landscape
8.1 Customer landscape overview
  • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Drivers, Challenges, and Opportunity/Restraints
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
  • Impact of drivers and challenges in 2023 and 2028
9.4 Market opportunities/restraints
10 Competitive Landscape
10.1 Overview
10.2 Competitive Landscape
  • Overview on criticality of inputs and factors of differentiation
10.3 Landscape disruption
  • Overview on factors of disruption
10.4 Industry risks
  • Impact of key risks on business
11 Competitive Analysis
11.1 Companies profiled
  • Companies covered
11.2 Market positioning of companies
  • Matrix on companies position and classification
11.3 Arab Insurance Group
  • Arab Insurance Group - Overview
  • Arab Insurance Group - Product / Service
  • Arab Insurance Group - Key offerings
11.4 Arman Insurance
  • Arman Insurance - Overview
  • Arman Insurance - Product / Service
  • Arman Insurance - Key offerings
11.5 Asia Insurance Co.
  • Asia Insurance Co. - Overview
  • Asia Insurance Co. - Product / Service
  • Asia Insurance Co. - Key offerings
11.6 Bimeh Iran Insurance Co.
  • Bimeh Iran Insurance Co. - Overview
  • Bimeh Iran Insurance Co. - Product / Service
  • Bimeh Iran Insurance Co. - Key offerings
11.7 Mellat Insurance Co.
  • Mellat Insurance Co. - Overview
  • Mellat Insurance Co. - Product / Service
  • Mellat Insurance Co. - Key offerings
11.8 Omid Insurance Co.
  • Omid Insurance Co. - Overview
  • Omid Insurance Co. - Product / Service
  • Omid Insurance Co. - Key offerings
11.9 Parsian Insurance
  • Parsian Insurance - Overview
  • Parsian Insurance - Product / Service
  • Parsian Insurance - Key offerings
11.10 Pasargad Insurance Co.
  • Pasargad Insurance Co. - Overview
  • Pasargad Insurance Co. - Product / Service
  • Pasargad Insurance Co. - Key offerings
11.11 Taavon Insurance Co.
  • Taavon Insurance Co. - Overview
  • Taavon Insurance Co. - Product / Service
  • Taavon Insurance Co. - Key offerings
11.12 Tejarat Insurance Co.
  • Tejarat Insurance Co. - Overview
  • Tejarat Insurance Co. - Product / Service
  • Tejarat Insurance Co. - Key offerings
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
  • Inclusions checklist
  • Exclusions checklist
12.3 Currency conversion rates for US$
  • Currency conversion rates for US$
12.4 Research methodology
  • Research methodology
12.5 Data procurement
  • Information sources
12.6 Data validation
  • Data validation
12.7 Validation techniques employed for market sizing
  • Validation techniques employed for market sizing
12.8 Data synthesis
  • Data synthesis
12.9 360 degree market analysis
  • 360 degree market analysis
12.10 List of abbreviations
  • List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Country Market Characteristics
Exhibits 4: Executive Summary - Chart on Market Segmentation by Distribution Channel
Exhibits 5: Executive Summary - Chart on Market Segmentation by Product
Exhibits 6: Executive Summary - Chart on Company Market Positioning
Exhibits 7: Parent Market
Exhibits 8: Data Table on - Parent Market
Exhibits 9: Market characteristics analysis
Exhibits 10: Value Chain Analysis
Exhibits 11: Offerings of companies included in the market definition
Exhibits 12: Market segments
Exhibits 13: Chart on Iran - Market size and forecast 2023-2028 ($ million)
Exhibits 14: Data Table on Iran - Market size and forecast 2023-2028 ($ million)
Exhibits 15: Chart on Iran: Year-over-year growth 2023-2028 (%)
Exhibits 16: Data Table on Iran: Year-over-year growth 2023-2028 (%)
Exhibits 17: Historic Market Size - Data Table on Non Life Insurance Market in Iran 2018 - 2022 ($ million)
Exhibits 18: Historic Market Size - Distribution Channel Segment 2018 - 2022 ($ million)
Exhibits 19: Historic Market Size - Product Segment 2018 - 2022 ($ million)
Exhibits 20: Five forces analysis - Comparison between 2023 and 2028
Exhibits 21: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits 22: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits 23: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits 24: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits 25: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits 26: Chart on Market condition - Five forces 2023 and 2028
Exhibits 27: Chart on Distribution Channel - Market share 2023-2028 (%)
Exhibits 28: Data Table on Distribution Channel - Market share 2023-2028 (%)
Exhibits 29: Chart on Comparison by Distribution Channel
Exhibits 30: Data Table on Comparison by Distribution Channel
Exhibits 31: Chart on Direct - Market size and forecast 2023-2028 ($ million)
Exhibits 32: Data Table on Direct - Market size and forecast 2023-2028 ($ million)
Exhibits 33: Chart on Direct - Year-over-year growth 2023-2028 (%)
Exhibits 34: Data Table on Direct - Year-over-year growth 2023-2028 (%)
Exhibits 35: Chart on Brokers - Market size and forecast 2023-2028 ($ million)
Exhibits 36: Data Table on Brokers - Market size and forecast 2023-2028 ($ million)
Exhibits 37: Chart on Brokers - Year-over-year growth 2023-2028 (%)
Exhibits 38: Data Table on Brokers - Year-over-year growth 2023-2028 (%)
Exhibits 39: Chart on Banks - Market size and forecast 2023-2028 ($ million)
Exhibits 40: Data Table on Banks - Market size and forecast 2023-2028 ($ million)
Exhibits 41: Chart on Banks - Year-over-year growth 2023-2028 (%)
Exhibits 42: Data Table on Banks - Year-over-year growth 2023-2028 (%)
Exhibits 43: Chart on Others - Market size and forecast 2023-2028 ($ million)
Exhibits 44: Data Table on Others - Market size and forecast 2023-2028 ($ million)
Exhibits 45: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibits 46: Data Table on Others - Year-over-year growth 2023-2028 (%)
Exhibits 47: Market opportunity by Distribution Channel ($ million)
Exhibits 48: Data Table on Market opportunity by Distribution Channel ($ million)
Exhibits 49: Chart on Product - Market share 2023-2028 (%)
Exhibits 50: Data Table on Product - Market share 2023-2028 (%)
Exhibits 51: Chart on Comparison by Product
Exhibits 52: Data Table on Comparison by Product
Exhibits 53: Chart on Health insurance - Market size and forecast 2023-2028 ($ million)
Exhibits 54: Data Table on Health insurance - Market size and forecast 2023-2028 ($ million)
Exhibits 55: Chart on Health insurance - Year-over-year growth 2023-2028 (%)
Exhibits 56: Data Table on Health insurance - Year-over-year growth 2023-2028 (%)
Exhibits 57: Chart on Motor insurance - Market size and forecast 2023-2028 ($ million)
Exhibits 58: Data Table on Motor insurance - Market size and forecast 2023-2028 ($ million)
Exhibits 59: Chart on Motor insurance - Year-over-year growth 2023-2028 (%)
Exhibits 60: Data Table on Motor insurance - Year-over-year growth 2023-2028 (%)
Exhibits 61: Chart on Fire insurance - Market size and forecast 2023-2028 ($ million)
Exhibits 62: Data Table on Fire insurance - Market size and forecast 2023-2028 ($ million)
Exhibits 63: Chart on Fire insurance - Year-over-year growth 2023-2028 (%)
Exhibits 64: Data Table on Fire insurance - Year-over-year growth 2023-2028 (%)
Exhibits 65: Chart on Marine insurance - Market size and forecast 2023-2028 ($ million)
Exhibits 66: Data Table on Marine insurance - Market size and forecast 2023-2028 ($ million)
Exhibits 67: Chart on Marine insurance - Year-over-year growth 2023-2028 (%)
Exhibits 68: Data Table on Marine insurance - Year-over-year growth 2023-2028 (%)
Exhibits 69: Chart on Others - Market size and forecast 2023-2028 ($ million)
Exhibits 70: Data Table on Others - Market size and forecast 2023-2028 ($ million)
Exhibits 71: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibits 72: Data Table on Others - Year-over-year growth 2023-2028 (%)
Exhibits 73: Market opportunity by Product ($ million)
Exhibits 74: Data Table on Market opportunity by Product ($ million)
Exhibits 75: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 76: Impact of drivers and challenges in 2023 and 2028
Exhibits 77: Overview on criticality of inputs and factors of differentiation
Exhibits 78: Overview on factors of disruption
Exhibits 79: Impact of key risks on business
Exhibits 80: Companies covered
Exhibits 81: Matrix on companies position and classification
Exhibits 82: Arab Insurance Group - Overview
Exhibits 83: Arab Insurance Group - Product / Service
Exhibits 84: Arab Insurance Group - Key offerings
Exhibits 85: Arman Insurance - Overview
Exhibits 86: Arman Insurance - Product / Service
Exhibits 87: Arman Insurance - Key offerings
Exhibits 88: Asia Insurance Co. - Overview
Exhibits 89: Asia Insurance Co. - Product / Service
Exhibits 90: Asia Insurance Co. - Key offerings
Exhibits 91: Bimeh Iran Insurance Co. - Overview
Exhibits 92: Bimeh Iran Insurance Co. - Product / Service
Exhibits 93: Bimeh Iran Insurance Co. - Key offerings
Exhibits 94: Mellat Insurance Co. - Overview
Exhibits 95: Mellat Insurance Co. - Product / Service
Exhibits 96: Mellat Insurance Co. - Key offerings
Exhibits 97: Omid Insurance Co. - Overview
Exhibits 98: Omid Insurance Co. - Product / Service
Exhibits 99: Omid Insurance Co. - Key offerings
Exhibits 100: Parsian Insurance - Overview
Exhibits 101: Parsian Insurance - Product / Service
Exhibits 102: Parsian Insurance - Key offerings
Exhibits 103: Pasargad Insurance Co. - Overview
Exhibits 104: Pasargad Insurance Co. - Product / Service
Exhibits 105: Pasargad Insurance Co. - Key offerings
Exhibits 106: Taavon Insurance Co. - Overview
Exhibits 107: Taavon Insurance Co. - Product / Service
Exhibits 108: Taavon Insurance Co. - Key offerings
Exhibits 109: Tejarat Insurance Co. - Overview
Exhibits 110: Tejarat Insurance Co. - Product / Service
Exhibits 111: Tejarat Insurance Co. - Key offerings
Exhibits 112: Inclusions checklist
Exhibits 113: Exclusions checklist
Exhibits 114: Currency conversion rates for US$
Exhibits 115: Research methodology
Exhibits 116: Information sources
Exhibits 117: Data validation
Exhibits 118: Validation techniques employed for market sizing
Exhibits 119: Data synthesis
Exhibits 120: 360 degree market analysis
Exhibits 121: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the non life insurance market in iran: Arab Insurance Group, Arman Insurance, Asia Insurance Co., Bimeh Iran Insurance Co., Hekmat Saba Insurance, Mellat Insurance Co., Omid Insurance Co., Parsian Insurance, Pasargad Insurance Co., Razi Insurance Co., Saman Insurance, Sarmad Insurance Co., Taavon Insurance Co., and Tejarat Insurance Co..

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is emergence of digital marketing platforms."

According to the report, one of the major drivers for this market is the increasing demand for insurance policies.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Arab Insurance Group
  • Arman Insurance
  • Asia Insurance Co.
  • Bimeh Iran Insurance Co.
  • Hekmat Saba Insurance
  • Mellat Insurance Co.
  • Omid Insurance Co.
  • Parsian Insurance
  • Pasargad Insurance Co.
  • Razi Insurance Co.
  • Saman Insurance
  • Sarmad Insurance Co.
  • Taavon Insurance Co.
  • Tejarat Insurance Co.