BMI Industry View

BMI View: Over the course of 2015, Iran's insurance sector should post steady, double digit growth. Much of this growth depends on increasing the volume of policy holders across basic lines. This should be driven by an expanding economy, which in turn will require both domestic reforms and an alleviation of western sanctions. We remain cautiously optimistic that the government will make some progress, albeit tentatively, in both of these areas; however, the market will continue to record sub-optimal growth.