Iran Insurance Tenders

The Iranian insurance market is a rapidly growing industry with a gross written premium (GWP) of IRR900 trillion ($21.4 billion) in 2021. The market is dominated by the state-owned insurance sector, which accounts for around 80% of total GWP. The private sector is also growing rapidly, with a number of new companies entering the market in recent years.

The Iranian government is a major buyer of insurance products and services. In 2021, the government spent IRR120 trillion ($2.8 billion) on insurance, representing 13% of total GWP. The government procures a wide range of insurance products, including life, health, property, liability, and motor insurance.

The main insurance products and services procured by the Iranian government are:
Life insurance: The government procures life insurance for its employees and their families.
Health insurance: The government procures health insurance for its employees and their families.
Property insurance: The government procures property insurance for its buildings and assets.
Liability insurance: The government procures liability insurance for its operations.
Motor insurance: The government procures motor insurance for its vehicles.

The top authorities for Iran insurance procurement are:
The Ministry of Economy and Finance: The Ministry of Economy and Finance is responsible for setting the overall policy for insurance procurement in Iran.
The Central Insurance of Iran: The Central Insurance of Iran is the regulatory body for the insurance industry in Iran.
The Government Procurement Organization: The Government Procurement Organization is responsible for managing the procurement of goods and services for the Iranian government, including insurance.

The top winners of Iran insurance procurement are:
Bimeh Markazi Iran: Bimeh Markazi Iran is the largest insurance company in Iran.
Iran Insurance Company: Iran Insurance Company is the second largest insurance company in Iran.
Parsian Insurance Company: Parsian Insurance Company is the third largest insurance company in Iran.

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