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Iran health insurance market: $2.42 billion industry estimated during 2012

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Personal Accident and Health Insurance in Iran, Key Trends and Opportunities to 2017 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-04-04 15:35:01
The Iranian personal accident and health insurance segment accounted for the second largest market share of the overall insurance industry in 2012 with a 24.1% share. During the review period, rising healthcare expenditure, inadequate public healthcare facilities compared to private hospitals and a high rate of road accidents influenced the personal accident and health insurance segment. Consequently, this segment grew from IRR6.5 trillion (US$0.65 billion) in 2008 to IRR24.2 trillion (US$2.42 billion) in 2012 at a CAGR of 38.7% during the review period

Health insurance led the Iranian personal accident and health insurance segment with a 73.9% segment share in 2012, and registered a CAGR of 51.6% during the review period. Rising healthcare expenditure in Iran can be attributed to increased consumer demand for private healthcare in order receive better quality services. Personal accident insurance was the second-largest category, in terms of gross written premium, of the Iranian personal accident and health segment in 2012.

The rise in the urban population in Iran supported the growth of personal accident and health insurance in the country. As of 2011, there were a total of 25 insurance companies operating in the Iranian insurance industry.

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