PROPERTY AND CASUALTY INSURANCE MARKET IN IRAN Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Property and Casualty Insurance in Iran can be segmented by Product Type (Motor Insurance, Fire Insurance, Liability Insurance, Marine, Aviation and Engineering, and Other P&C) and Distribution Channel (Direct Sales, Agent, Brokers, Banks, and Others)

Iran Property & Casualty Insurance Market Size

Property and Casualty Insurance in Iran

Iran Property & Casualty Insurance Market Analysis

The Iran Property & Casualty Insurance Market is expected to register a CAGR of less than 4% during the forecast period.

The gross premium for the overall insurance sector is showing remarkable growth in double-digit over the years. Almost all property and casualty insurance segments such as Fire, Motor PD/ Third party, Liability, Marine, Aviation, and Engineering showed a growth rate for the year 2020/21. Iran insurance is rapidly embracing technology for insurance underwriting and distribution. Another notable move in the course of underwriting is the gradual deployment of paperless insurance policies, which contributes to a rise in overall satisfaction and a drop in the personal approach to insurance. Another important aspect of the supervisory body's recent policymaking in Iran's Insurance landscape is the definition of premium rates as well as terms and conditions of policies that do not conform to inflation rates, as well as the emphasis on psychological security rather than profit, which clearly distinguishes this industry from others.

Iran Property & Casualty Insurance Industry Overview

The Iranian Property and Casualty Insurance market is highly competitive. There are a total of 32 private insurers operating in the Iran insurance market along with one state-owned insurer. Iran Insurance has a total of 33 companies with 1,384 branches. There are 1082 brokers with 39,580 general agents. Major players in the segment include Raazi Insurance, Taavon Insurance, Parsian Insurance, Asia Insurance, etc.

Iran Property & Casualty Insurance Market Leaders

  1. Asia Insurance

  2. Persian Insurance

  3. Alborz Insurance

  4. Razi Insurance

  5. Karafarin Insurance

  6. Day Insurance

  7. *Disclaimer: Major Players sorted in no particular order
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Iran Property & Casualty Insurance Market News

In March 2021, Day Insurance launched its new web application. With the new application, customers would be able to buy insurance online, view the records of insurance online and utilize various other services provided by the company. In addition to providing customer service, this application provides the possibility of marketing and issuing insurance policies with the aim of empowering the sales network for agents and digital marketers.

In March 2021, Regulatory Authority in Iran approved the launch of the Tehran Reinsurance company. It is the fifth reinsurance company to be established in Iran. In recent times the Central Insurance of Iran, which is the agency in charge of regulating the country's insurance industry, said that it had received 30 applications for setting up new re/insurance firms in the country.

Iran Property & Casualty Insurance Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS AND DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Driver
  • 4.3 Market Restraints
  • 4.4 Insight on Technology Adoption in the Market
  • 4.5 Porter's Five Forces Analysis
    • 4.5.1 Threat of New Entrants
    • 4.5.2 Bargaining Power of Buyers/Consumers
    • 4.5.3 Bargaining Power of Suppliers
    • 4.5.4 Threat of Substitute Products
    • 4.5.5 Intensity of Competitive Rivalry
  • 4.6 Insight on Various Government Regulations in the Market
  • 4.7 Impact of Covid 19 on market

5. MARKET SEGMENTATION

  • 5.1 By Product Type
    • 5.1.1 Fire Insurance
    • 5.1.2 Motor PD
    • 5.1.3 Motor TPL
    • 5.1.4 Liability Insurance
    • 5.1.5 Marine, Aviation & Engineering
    • 5.1.6 Other P&C
  • 5.2 By Distribution Channel
    • 5.2.1 Direct Sales
    • 5.2.2 Agents
    • 5.2.3 Brokers
    • 5.2.4 Banks
    • 5.2.5 Other Distribution Channel

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concentration Overview
  • 6.2 Company Profiles
    • 6.2.1 Asia Insurance
    • 6.2.2 Persian Insurance
    • 6.2.3 Alborz Insurance
    • 6.2.4 Razi Insurance
    • 6.2.5 Karafarin Insurance
    • 6.2.6 Day Insurance
    • 6.2.7 Iran Insurance Company
    • 6.2.8 Pasargad Insurance Company
    • 6.2.9 Moallem Insurance Company
    • 6.2.10 Kowsar Insurance Company*
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

8. DISCLAIMER AND ABOUT

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Iran Property & Casualty Insurance Industry Segmentation

Property and Casualty Insurance is the type of coverage that protects the policy holder's things and property such as home, car, and other belongings. It also includes liability coverage which protects you if you're found legally responsible for an accident that causes injuries to another person or damages to their property. This report aims to provide a detailed analysis of the Property and Casualty insurance market in Iran. It focuses on the market dynamics, emerging trends in the segments, the future of markets, and insights into various product types. Also, it analyses the key players and the competitive landscape in the Property and Casualty insurance market in Iran. Property and Casualty Insurance in Iran can be segmented by Product Type (Motor Insurance, Fire Insurance, Liability Insurance, Marine, Aviation and Engineering, and Other P&C) and Distribution Channel (Direct Sales, Agent, Brokers, Banks, and Others)

By Product Type Fire Insurance
Motor PD
Motor TPL
Liability Insurance
Marine, Aviation & Engineering
Other P&C
By Distribution Channel Direct Sales
Agents
Brokers
Banks
Other Distribution Channel
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Iran Property & Casualty Insurance Market Research FAQs

What is the current Iran Property & Casualty Insurance Market size?

The Iran Property & Casualty Insurance Market is projected to register a CAGR of less than 4% during the forecast period (2025-2030)

Who are the key players in Iran Property & Casualty Insurance Market?

Asia Insurance, Persian Insurance, Alborz Insurance, Razi Insurance, Karafarin Insurance and Day Insurance are the major companies operating in the Iran Property & Casualty Insurance Market.

What years does this Iran Property & Casualty Insurance Market cover?

The report covers the Iran Property & Casualty Insurance Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Iran Property & Casualty Insurance Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Iran Property & Casualty Insurance Industry Report

Statistics for the 2025 Iran Property & Casualty Insurance market share, size and revenue growth rate, created by Mordor Intelligenceā„¢ Industry Reports. Iran Property & Casualty Insurance analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Iran Property & Casualty Insurance Report Snapshots

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PROPERTY AND CASUALTY INSURANCE MARKET IN IRAN Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)