Research and Markets: Explore the future of the Iranian insurance companies in 2008

Research and Markets has announced the addition of the “Iran Insurance Report Q4 2008″ report to their offering.

Iran Insurance Report provides independent forecasts and competitive intelligence on Iran’s insurance industry.

Insurance has been written at a time that the global financial crisis, which arose as a result of the evaporation of inter-bank liquidity, appeared to be moving towards a resolution. The governments of the UK, the US and most of the larger countries in the euro area have all announced plans to make funds available, in one form or another, to their respective commercial banking sectors. As yet, it is too early to identify the impact of the crisis on individual emerging markets. However, in a later section of the report, we include a lengthy essay that attempts to identify the key issues, and describes key changes to our analysis of the sector. In essence, commercial banks and insurers in the emerging markets (and, indeed, the developed countries) of the Asia-Pacific region appear to be well placed to deal with the crisis. The same is broadly true of commercial banks and insurers in the various countries of the Middle East and North Africa. In Latin America, Chile, Brazil, Mexico and Colombia appear better placed than Argentina, Venezuela, Bolivia and Ecuador. In Africa, South Africa’s situation appears to have much in common with that of Brazil, however by contrast, Nigeria faces some of the same challenges as those that confront Venezuela. At the more negative end of the spectrum, banks and insurers in most countries in Central and Eastern Europe are in far from robust positions.

We also discuss the regional presence of Belgium’s KBC and Austria’s Erste Bank through a number of insurance subsidiaries and explain the importance, for each of the various countries, of purely domestic firms.

We estimate that, in 2007, total premiums in Iran rose by 23% to IRR32,674,430mn. Non-life premiums rose by 23% to IRR 30,572,705mn, while life premiums rose by 29% to IRR 2,101,725mn. We expect that annual bon-life premiums will grow by IRR 55,581,634mn between now and the end of the forecast period, while annual life premiums should increase by IRR 1,973,199mn. Growth in Non-life premiums should be driven by the general growth in nominal GDP plus a rise in non-life penetration from the current level of 1.22% to 1.30%. Growth in life premiums should be driven by the change in the overall population and a rise in life density from US$2.95 to US$5.00 per capita. BMI’s Insurance Business Environment Rating is 35.2

Key Topics Covered:

* The Sector At A Glance
* Table: Overview Of Iran’s Insurance Sector
* Key Insights On Iran’s Insurance Sector
* Iran Insurance Industry SWOT
* Development Of BMI’s Insurance Reports
* Projections And Forecasts
* Projections And Drivers Of Growth
* Table: Growth Drivers, 2005-2012
* Country Update
* Macroeconomic Outlook
* Table: Iran – Macroeconomic Activity, 2006-2012
* Domestic Political Outlook
* Foreign Policy
* Regional Context
* Regional Overview

Company Profiles:

* AGF
* AIG
* Allianz
* Aviva
* AXA
* Cardif
* Ergo
* Eureko
* Fortis
* Generali
* Groupama
* HSBC Insurance
* Liberty Mutual
* MAPFRE
* RSA
* UNIQA
* Zurich