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CI Outlines Iran’s Insurance Prospects
Ratings agency Capital Intelligence Ratings (CI Ratings) says in a recent report on Iran’s insurance industry that growth in premiums has looked strong in the nominal view in recent years, but less so in an inflation-adjusted perspective, as real growth was achieved only in two recent years (FYE 2015 and FYE 2017).
This improvement was driven by the development of non-life sector, which contributed 66% to total premiums in FYE 2017 but registered the slowest growth among all segments, the report on CI’s website says.
The still nascent life insurance portfolio, in contrast, could achieve strong growth in both nominal and inflation-adjusted aspects, CI’s website reported.
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