LIST OF INSURANCE COMPANIES LOGOS IN IRAN
Iran, Asia – World Insurance Companies Logos Asia – Logos of Insurance Companies around the Globe.
The graphic mark of a company is synonymous with its brand. In insurance, a logo is instantly recognizable and allows that the customer associates the company with the useful qualities such as trust, the right price, and a lot of other vital questions about the task of finding the best insurance.
Click on the logos of the insurance companies to get a bunch of updated information offering every insurer. We want to help you to find the best insurance on the internet.
DIRECTORY OF INSURANCE COMPANY LOGOS AND NAMES
By clicking on the insurance company logo, you have instant access to updated information on insurance matters that can help you in the task of selecting the best insurance, and also, get phone numbers, addresses, and prices, that insurers offer on the Internet.
IRAN – INSURANCE INDUSTRY
The Central Insurance (Bimeh Markazi) company is in charge of regulating this sector in Iran. Five state-owned insurance firms dominate the sector, four of which are active in commercial insurance. The leading player is the Iran Insurance Company, followed by the Asia Insurance Company, the Alborz Insurance Company and the Dana Insurance Company. Export and Investment Insurance deals with foreign trade.
Insurance companies Asia, Dana and Alborz will be listed on the stock exchange in 2009 after review and improvement in their financial accounts, internal regulations and organizational structure nationwide.
At the end of 2008, there were 20 insurance firms active in the market, only 4 of which were stationed (with a 75% market share). Alternate 2006-statistics give the market share for private insurance companies at 54% and 46% for governmental insurance companies.
Parsian Insurance became the largest privately owned company to be listed on the Tehran Stock Exchange in 2010. Persian is the third largest insurance provider in Iran.
In 2008, the total insurance premiums generated in Iran were $4.3 billion. This is less than 0.1% of the world’s total while Iran has approximately 1% of the world’s population. The insurance penetration rate is approximately 1.4%, significantly below the global average of 7.5%. This underdevelopment is also evident in product diversity.
Approximately 60% of all insurance premiums are generated from car insurance. There are about 14 million vehicles in Iran and 90 percent of them are insured (2012). Of the 10 million motorcycles that operate on Iran’s roads, only 2 million are insured. Also, 95% of all premiums come from general insurance contracts and only 5% relate to life products (against the world average of 58% of life insurance in 2011).
One of the defining characteristics of the economy is entrenched high inflation (and expectations) thanks to the persistent monetization of fiscal deficits. This produces an environment in which no prudent person would enter into a long-term savings contract. According to Business Monitor International, unless and until economic policies in Iran change radically, the reality of the insurance sector will fall a long way short of its potential.
Check out more insurance company logos in Asian Insurance.