Which events receive higher damages than the level of the insurance market?
According to Iran Economist, the number of insurance companies whose monthly performance reports in the insurance market can be reviewed by the end of December this year has reached 28 insurance companies, which include Iran, Asia, Alborz, Dana, Parsian, Razi, Karabhan, and Sina insurance companies. , Mellat, Di, Saman, Naveen, Pasargad, Maalem, Mihan, Kausar, Ma, Arman, Co-operation, Sarmad, New Trade, Hikmat Saba, Omid, Hafez, Asmari, Middle Eastern life and Rain life.
Based on this, the non-governmental sector’s share of production insurance premiums and the insurance industry’s paid claims are 74.1 and 72.2 percent, respectively.
Production insurance premium means the insurance policies issued in this period and the insurance market claims paid are 126.9 and 64.2 thousand billion tomans respectively, and the growth of production insurance premiums and the growth of claims paid compared to the same period last year are 58.4 and 58.4 billion respectively. It is 56.7 percent.
The 58.4% growth of production insurance premiums in the market is mainly affected by the field of treatment with a share of 30.1% of the market portfolio and the growth of 165.3% production insurance premiums (2.7 times compared to the same period last year). The loss ratio of the insurance market decreased by 0.6 points compared to the first 9 months of the previous year and reached 50.6%.
The ratio of damage in the four categories of car body, treatment, driver accidents and third party-surplus (respectively with 72.1, 65.8, 54 and 51.9 percent) was higher than the level of the insurance market (50.6 percent).
The share of 3 fields of medical insurance, third party-excess and life (life) insurance is 30.1, 29.7 and 14.2% of the premium portfolio produced in the market, respectively.
52.5 million insurance policies have been issued and about 55.4 million claims have been paid. The number of insurance policies issued and the number of claims paid increased by 4.2 and 38.4 percent, respectively, compared to the first 9 months of the previous year.
44.2 percent growth in the number of insurance policies issued in the market, mainly due to the growth of this number in 2 categories of third party-excess and driver accidents, with 7.2 and 5.3 percent growth, respectively, and each with a share of about 35 percent. of the total number of insurance policies issued.
The 38.4 percent increase in the number of claims paid by the market was mostly due to the 35.2 percent growth of this number in medical insurance with a major share (92.2 percent) of the number of claims paid by the insurance market.