The insurance industry produced 115.1 premiums last year
Analytical report of preliminary statistics of insurance industry performance in 1400
According to the monetary financial news quoted by the General Department of Public Relations and International Affairs of the Central Insurance, based on this report, the amount of production premiums and compensation paid is about 115.1 and 65 thousand billion tomans, respectively.
In this regard, the growth of production premiums and the growth of compensation paid compared to last year was about 41.1 and 48.4 percent, respectively.
In the other part of this report, the growth rate of production premiums in most insurance fields ranged from 19.1 percent in oil and energy insurance to 69.1 percent in freight insurance, which led to a 41.1 percent growth in market production premiums during this period. has brought. (Except for money insurance with a 3.1 percent reduction in premiums and a small share of 0.03 percent of the market portfolio) was announced.
Also, the market loss ratio increased by 2.8 units compared to last year to about 56.4 percent; In calculating this ratio (the result of dividing the compensation paid into the production premium in percentage), the amounts of deferred claims, insurance premium reserves, sales network commission and general administrative expenses of insurance companies are not taken into account; Therefore, reviewing the performance statistics of insurance companies and disciplines in terms of “loss ratio” can not (as well as the loss ratio) provide a favorable assessment of their performance and show their real activity. At present, due to the non-closing of financial statements of insurance companies and the impossibility of providing statistics on premium reserves and deferred losses, it is not possible to calculate the income premium and the resulting loss, and as a result, calculate the loss ratio In percentage) is not possible.
According to this report, 3 disciplines of treatment (with 104.7%), ship (with 57.7%) and third party and surplus (with 57.6%) had a higher loss ratio than the insurance market and the ratio of damage to other insurance disciplines ( Between 1.9 and 54.7%) is lower than the level of the insurance market.
In this report, the share of the non-governmental sector in production premiums and claims paid by the insurance industry were announced as 69.1 and 69.7 percent, respectively, and the amount of the company’s monopoly in the insurance market based on the Herfindahl-Hirschman index reached 1311. (56 points decrease compared to the final statistics of the previous year) If this number falls below 1000, it will indicate a fully competitive environment in the insurance market.
Also, the share of the three fields of third party insurance and surplus, treatment and life is 34.8, 18.3 and 16% of the production premium portfolio in the market, respectively, and about 71.3 million insurance policies were issued and 52.5 million claims were paid. Has been.
Of the total number of insurance policies issued in the market, 6 insurance companies in total had a major share of 94.3%, so that the highest number to third-party surplus and driver accident, respectively (each with 34.4%) , Life insurance (11%), car body insurance (5.9%), fire (5.2%) and accident insurance (3.4%) and the remaining 5.7% share belonged to 10 other fields. Is.
According to the same report, out of the total number of claims paid in the insurance market, the field of health insurance had a major share of 93.9% of the number of claims paid, followed by the highest share related to the two third-party surplus disciplines (with 2.5% ) And life insurance (with 2.1%).
It is worth mentioning that (before the closing of the financial statements of the insurance companies for the mentioned financial year and their approval in the general meetings of the insurance companies) this statistic has a preliminary (initial) aspect.
See the tables related to this report in the following links: