Non-Life Insurance Industry in India @ http://www.researchmoz.us/non-life-insurance-in-india-key-trends-and-opportunities-to-2017-report.html
Since 2000, the non-life segment has transformed as it deregulated and opened its doors to overseas businesses. As a result, the non-life segment has grown significantly over the last decade, resulting in the number of non-life insurance companies increasing from nine in 2000 to 25 in 2012. In terms of gross written premiums, the non-life segment grew from INR232.7 billion (US$5.3 billion) in 2008 to INR433.1 billion (US$8.1 billion) in 2012, at a CAGR of 16.8% during the review period.
1. Non-Life Insurance in India, Key Trends and Opportunities to 2017
Synopsis
The report provides industry analysis, information and insights into the Indian non-life insurance segment,
including:
The Indian non-life insurance segment’s growth prospects by non-life insurance categories The
various distribution channels in the Indian non-life insurance segment The competitive landscape in the
non-life insurance segment in India A description of the non-life reinsurance segment in India Detailed
analysis of the regulatory framework in India
Executive summary
Since 2000, the non-life segment has transformed as it deregulated and opened its doors to overseas
businesses. As a result, the non-life segment has grown significantly over the last decade, resulting in the
number of non-life insurance companies increasing from nine in 2000 to 25 in 2012. In terms of gross written
premiums, the non-life segment grew from INR232.7 billion (US$5.3 billion) in 2008 to INR433.1 billion
(US$8.1 billion) in 2012, at a CAGR of 16.8% during the review period. Government initiatives for
large-scale insurance programs such as the Pan-India Campaign and regulatory initiatives will drive the
expansion of private insurers.
Scope
This report provides a comprehensive analysis of the non-life insurance segment in India:
It provides historical values for India’s non-life insurance segment for the report’s
2008–2012 review period and forecast figures for the 2012–2017 forecast period It offers a
detailed analysis of the key sub-segments in India’s non-life insurance segment, along with forecasts
until 2017 It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio,
commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and
retentions It analyses the various distribution channels for non-life insurance products in India Using
Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in
India for the non-life insurance business It provides a detailed analysis of the reinsurance segment in India and
its growth prospects It profiles the top non-life insurance companies in India and outlines the key regulations
affecting them
Reasons to buy
Make strategic business decisions using historic and forecast data related to the Indian non-life insurance
segment and each category within it Understand the demand-side dynamics, key market trends and growth
opportunities within the Indian non-life insurance segment Assess the competitive dynamics in the non-life
insurance segment, along with the reinsurance segment Identify the growth opportunities and dynamics within
key product categories Gain insights into key regulations governing the Indian non-life insurance segment and
its impact on companies and the market's future
Key highlights
The Indian insurance industry is one of the fastest-growing in the Asia-Pacific region and is highly
competitive with the presence of both public and private companies. Despite the global economic crisis, the
Indian non-life insurance segment continued to grow at a healthy CAGR of 16.8% during the review period
Non-Life Insurance in India, Key Trends and Opportunities to 2017
2. (2008–2012). The growth in the income levels of the population due to booms in IT and other
industries also added to the growth of the segment. The Insurance Regulatory and Development
Authority’s (IRDA’s) proposal to increase the foreign direct investment (FDI) limit for
insurance companies from 26% to 49% will be a key growth driver for the non-life insurance segment. The top
five insurers accounted for 58.5% of the gross written premium of the segment at the end of 2012.
table Of Contents
1 Executive Summary
2 Introduction
2.1 What Is This Report About?
2.2 Definitions
2.3 Methodology
3 Regional Market Dynamics
3.1 Overview
3.1.1 Market Trends
3.1.2 Market Size
4 Non-life Insurance
4.1 Scale And Penetration
4.1.1 Total Market Gross Written Premium
4.1.2 Premium Per Capita
4.1.3 Non-life Insurance Penetration (as A Percentage Of Gdp)
4.2 Growth
4.2.1 Gross Written Premium
4.2.2 Gross Written Premium Per Capita
4.3 Efficiency And Risk
4.3.1 Loss Ratio
4.3.2 Combined Ratio
4.3.3 Incurred Losses Per Capita
4.3.4 Incurred Losses As A Percentage Of Gdp
4.4 Distribution Channels
4.4.1 Direct Marketing
4.4.2 Bancassurance
4.4.3 Agencies
Non-Life Insurance in India, Key Trends and Opportunities to 2017
3. 5 Indian Insurance Industry Attractiveness
5.1 Insurance Industry Size, 2008–2017
5.2 Key Industry Trends And Drivers
6 Non-life Insurance Outlook
6.1 Non-life Insurance Growth Prospects By Category
6.2 Property Insurance
6.2.1 Fire And Allied Perils Insurance
6.2.2 Engineering Insurance
6.2.3 Agriculture Insurance
6.2.4 Other Property Insurance
6.3 Motor Insurance
6.3.1 Motor Hull Insurance
6.3.2 Motor Third-party Insurance
6.4 General Third-party Insurance
6.5 Marine, Aviation And Transit Insurance
6.5.1 Marine Insurance
6.5.2 Marine Hull Insurance
6.5.3 Marine Third-party Insurance
6.5.4 Aviation Insurance
6.5.5 Transit Insurance
7 Analysis By Distribution Channels
7.1 Direct Marketing
7.2 Bancassurance
7.3 Agencies
7.4 E-commerce
7.5 Brokers
7.6 Other Channels
8 Porter’s Five Forces Analysis – Indian Non-life Insurance
8.1 Bargaining Power Of Suppliers: Low To Medium
8.2 Bargaining Power Of Buyer: Low
8.3 Barriers To Entry: Medium
8.4 Intensity Of Rivalry: Medium To High
8.5 Threat Of Substitutes: Low
9 Reinsurance Growth Dynamics And Challenges
9.1 Reinsurance Segment Size, 2008–2017
Non-Life Insurance in India, Key Trends and Opportunities to 2017
4. 9.2 Reinsurance Segment Size By Type Of Insurance, 2008–2017
10 Governance, Risk And Compliance
10.1 Legislation Overview And Historical Evolution
10.2 Legislation Trends By Type Of Insurance
10.2.1 Life Insurance Regulatory Trends
10.2.2 Property Insurance Regulatory Trends
10.2.3 Motor Insurance Regulatory Trends
10.2.4 Marine, Aviation And Transit Insurance Regulatory Trends
10.2.5 Personal Accident And Health Insurance Regulatory Trends
10.3 Compulsory Insurance
10.3.1 Motor Third-party Liability Insurance
10.3.2 Workmen's Compensation Insurance/employers’ Liability Insurance
10.4 Supervision And Control
10.4.1 International Association Of Insurance Supervisors
10.4.2 Insurance Regulatory And Development Authority
10.5 Non-admitted Insurance Regulatory Trends
10.5.1 Overview
10.5.2 Intermediaries
10.5.3 Market Practices
10.5.4 Fines And Penalties
10.6 Company Registration And Operations
10.6.1 Types Of Insurance Organization
10.6.2 Establishing A Local Company
10.6.3 Foreign Ownership
10.6.4 Types Of License
10.6.5 Capital Requirements
10.6.6 Solvency Margins
10.6.7 Reserve Requirements
10.6.8 Investment Regulations
10.6.9 Statutory Return Requirements
10.6.10 Fee Structure
10.7 Taxation
10.7.1 Insurance Premium Or Policy Taxation
10.7.2 Corporate Tax
10.7.3 Vat
10.7.4 Captives
10.8 Legal System
10.8.1 Introduction
10.8.2 Access To Court
10.8.3 Alternative Dispute Resolution (adr)
Non-Life Insurance in India, Key Trends and Opportunities to 2017
5. 11 Competitive Landscape And Strategic Insights
11.1 Overview
11.2 Leading Companies In The Indian Non-life Insurance Segment
11.3 Comparison Of Top Five Insurers
11.3.1 Gross Written Premium
11.3.2 Net Earned Premiums
11.3.3 Paid Claims
11.3.4 Total Investment Income
11.4 New India Assurance Co. Ltd – Company Overview
11.4.1 New India Assurance Co. Ltd – Key Facts
11.4.2 New India Assurance Co. Ltd – Key Financials
11.5 United India Insurance Co. Ltd – Company Overview
11.5.1 United India Insurance Co. Ltd – Key Facts
11.5.2 United India Insurance Co. Ltd – Key Financials
11.6 National Insurance Co. Ltd – Company Overview
11.6.1 National Insurance Co. Ltd – Key Facts
11.6.2 National Insurance Co. Ltd – Key Financials
11.7 Oriental Insurance Company Ltd – Company Overview
11.7.1 Oriental Insurance Company Ltd – Key Facts
11.7.2 Oriental Insurance Company Ltd – Key Financials
11.8 Icici Lombard General Insurance Co. Ltd – Company Overview
11.8.1 Icici Lombard General Insurance Co. Ltd – Key Facts
11.8.2 Icici Lombard General Insurance Co. Ltd – Key Financials
11.9 Bajaj Allianz General Insurance Co. Ltd – Company Overview
11.9.1 Bajaj Allianz General Insurance Co. Ltd – Key Facts
11.9.2 Bajaj Allianz General Insurance Co. Ltd – Key Financials
11.1 Iffco-tokio General Insurance Co. Ltd – Company Overview
11.10.1 Iffco-tokio General Insurance Co. Ltd – Key Facts
11.10.2 Iffco-tokio General Insurance Co. Ltd – Key Financials
11.11 Reliance General Insurance Company Ltd – Company Overview
11.11.1 Reliance General Insurance Company Ltd – Key Facts
11.11.2 Reliance General Insurance Company Ltd – Key Financials
11.12 Agriculture Insurance Company – Company Overview
11.12.1 Agriculture Insurance Company – Key Facts
11.12.2 Agriculture Insurance Company – Key Financials
11.13 Hdfc Ergo General Insurance Company Ltd – Company Overview
11.13.1 Hdfc Ergo General Insurance Company Ltd – Key Facts
11.13.2 Hdfc Ergo General Insurance Company Ltd – Key Financials
12 Business Environment And Country Risk
12.1 Business Confidence
12.1.1 Market Capitalization Trend – Bombay Stock Exchange, India
Non-Life Insurance in India, Key Trends and Opportunities to 2017
6. 12.2 Economic Performance
12.2.1 Gdp At Constant Prices (us$)
12.2.2 Gdp Per Capita At Constant Prices (us$)
12.2.3 Gdp At Current Prices (us$)
12.2.4 Gdp Per Capita At Current Prices (us$)
12.2.5 Gdp By Key Segments
12.2.6 Agriculture, Hunting, Forestry And Fishing Net Output At Current Prices (us$)
12.2.7 Agriculture, Hunting, Forestry And Fishing Net Output At Current Prices As A Percentage Of Gdp
12.2.8 Manufacturing Net Output At Current Prices (us$)
12.2.9 Manufacturing Net Output At Current Prices As A Percentage Of Gdp
12.2.10 Mining, Manufacturing And Utilities At Current Prices (us$)
12.2.11 Mining, Manufacturing And Utilities At Current Prices, As Percentage Of Gdp
12.2.12 Construction Net Output At Current Prices, (us$)
12.2.13 Construction Net Output At Current Prices As A Percentage Of Gdp
12.2.14 Inflation Rate
12.2.15 Exports As A Percentage Of Gdp
12.2.16 Imports As A Percentage Of Gdp
12.2.17 Exports Growth
12.2.18 Imports Growth
12.3 Infrastructure Quality And Availability
12.3.1 Commercial Vehicles Exports – Total Value
12.3.2 Commercial Vehicles Imports – Total Value
12.3.3 Automotive Exports – Total Value
12.3.4 Automotive Imports – Total Value
12.3.5 Total Internet Subscribers
12.4 Labor Force
12.4.1 Labor Force
12.5 Demographics
12.5.1 Gross National Disposable Income (us$)
12.5.2 Total Population
12.5.3 Urban And Rural Populations
12.5.4 Age Distribution Of The Total Population
13 Appendix
13.1 Methodology
13.2 Contact Timetric
13.3 About Timetric
13.4 Timetric’s Services
13.5 Disclaimer
ResearchMoz(http://www.researchmoz.us/) is the one stop online destination to find and buy market research
reports & Industry Analysis. We fulfill all your research needs spanning across industry verticals with our
Non-Life Insurance in India, Key Trends and Opportunities to 2017
7. huge collection of market research reports. We provide our services to all sizes of organizations and across all
industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as
publishers and will assist you in making an informed decision by giving you unbiased and deep insights on
which reports will satisfy your needs at the best price.
Contact:
M/s Sheela,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free 866-997-4948
Email: sales@researchmoz.us
Website: http://www.researchmoz.us/
Non-Life Insurance in India, Key Trends and Opportunities to 2017