Use of Financial Services: Number of Life Insurance Depositors at Insurance Corporations for Iran
IRNFCDOFILPPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43,009,594.00
Year-over-Year Change
193.62%
Date Range
1/1/2004 - 1/1/2014
Summary
This economic trend measures the number of life insurance depositors at insurance corporations in Iran, providing insights into the usage of financial services in the country.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The 'Use of Financial Services: Number of Life Insurance Depositors at Insurance Corporations for Iran' series tracks the total number of individuals who hold life insurance policies with insurance companies operating in Iran. This metric offers valuable data on the level of life insurance penetration and the public's engagement with formal financial services.
Methodology
The data is collected by the Central Bank of Iran and reported through official government channels.
Historical Context
Policymakers and market analysts use this trend to assess the development of Iran's insurance and financial sectors.
Key Facts
- Iran has a population of over 83 million people.
- The insurance industry in Iran is dominated by state-owned companies.
- Life insurance policies are a common financial product in Iran.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of individuals who hold life insurance policies with insurance companies operating in Iran.
Q: Why is this trend relevant for users or analysts?
A: This metric offers valuable insights into the level of life insurance penetration and public engagement with formal financial services in Iran.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Iran and reported through official government channels.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this trend to assess the development of Iran's insurance and financial sectors.
Q: Are there update delays or limitations?
A: The data may be subject to reporting delays or limitations based on the availability of information from Iranian government sources.
Related Trends
Value of Exports to Islamic Republic of Iran from Washington
WAIRNA052SCEN
Consumer Price Index for Islamic Republic of Iran
DDOE01IRA086NWDB
Value of Exports to Islamic Republic of Iran from Pennsylvania
PAIRNA052SCEN
Non-Life Insurance Premium Volume to GDP for Islamic Republic of Iran
DDDI10IRA156NWDB
Bank's Net Interest Margin for Islamic Republic of Iran
DDEI01IRA156NWDB
Number of Identified Exporters to Islamic Republic of Iran from Utah
UTIRNA475SCEN
Citation
U.S. Federal Reserve, Use of Financial Services: Number of Life Insurance Depositors at Insurance Corporations for Iran (IRNFCDOFILPPENUM), retrieved from FRED.