Non-Life Insurance in India, Key Trends and Opportunities to 2017
27 Feb, 2014 01:01 PM
 
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

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 (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.
 
Source : P R Newswire
http://www.prnewswire.com/news-releases/non-life-insurance-in-india-key-trends-and-opportunities-to-2017-247306441.html
 



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