The report provides in depth market analysis, information and insights into the Indian non-life insurance market, including:
The Indian non-life insurance market's growth prospects by non-life insurance categories
The various distribution channels in the Indian non-life insurance market
The competitive landscape in the non-life insurance market in India
A description of the non-life reinsurance market in India
Summary
The Indian non-life insurance segment registered significant growth during the review period, despite the global financial crisis in 2009. The increase was due to the favorable regulation for motor insurance such as compulsory third-party liability insurance and rising property prices in major Indian cities including Mumbai and Bangalore. This was further encouraged by rising income levels, which increased demand for motor and agriculture insurance. The segment is dominated by public sector insurers, and the combined market value of all the private non-life insurers is less than half of the total non-life insurance written premium.
Scope
This report provides a comprehensive analysis of the non-life insurance market in India:
It provides historical values for India's non-life insurance market for the report's 2007-2011 review period and forecast figures for the 2012-2016 forecast period
It offers a detailed analysis of the key sub-segments in India's non-life insurance market, along with market forecasts until 2016
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 market 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 market data related to the Indian non-life insurance market and each sector within it
Understand the demand-side dynamics, key market trends and growth opportunities within the Indian non-life insurance market
Assess the competitive dynamics in the non-life insurance market, along with the reinsurance segment
Identify the growth opportunities and market dynamics within key product categories
Gain insights into key regulations governing the Indian insurance market and its impact on companies and the market's future
Table of Contents
Table of Contents
1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Indian Insurance Industry Attractiveness
3.1 Insurance Industry Market Size, 2007-2016
3.2 Key Industry Trends and Drivers
3.2.1 Business drivers
3.2.2 Consumer drivers
3.3 Recent Market Developments
4 Non-Life Insurance Segment Outlook
4.1 Non-Life Insurance Growth Prospects by Category
4.1.1 Property insurance category
4.1.2 Fire and allied perils insurance sub-category
4.1.3 Engineering insurance sub-category
4.1.4 Agriculture insurance sub-category
4.1.5 Other property sub-category
4.2 Motor Insurance Category
4.2.1 Motor hull sub-category
4.2.2 Motor third-party sub-category
4.3 General Third-Party Category
4.4 Marine, Aviation and Transit Category
4.4.1 Marine sub-category
4.4.2 Marine hull insurance
4.4.3 Marine third-party insurance
4.4.4 Aviation sub-category
4.4.5 Transit sub-category
5 Analysis by Distribution Channel
5.1 Direct Marketing Channel
5.2 Bancassurance Channel
5.3 Agencies Channel
5.4 E-Commerce Channel
5.5 Brokers Channel
5.6 Other Channels
6 Regulatory Policies
7 Porter's Five Forces Analysis - Indian Non-Life Insurance
7.1 Bargaining Power of Supplier: Low to Medium
7.2 Bargaining Power of Buyer: Low
7.3 Barriers to Entry: Medium
7.4 Intensity of Rivalry: Medium to High
7.5 Threat of Substitutes: Low
8 Reinsurance Growth Dynamics and Challenges
8.1 Reinsurance Market Size, 2007-2016
8.2 Reinsurance Market Size by Type of Insurance, 2007-2016
9 Competitive Landscape and Strategic Insights
9.1 Overview
9.2 Leading Companies in the Indian Non-Life Insurance Segment
9.3 Comparison of Top Five Insurers
9.3.1 Gross written premium
9.3.2 Net earned premiums
9.3.3 Paid claims
9.3.4 Total investment income
9.3.5 Total assets
9.4 New India Assurance Co. Ltd - Company Overview
9.4.1 New India Assurance Co. Ltd - key facts
9.4.2 New India Assurance Co. Ltd - key financials
9.5 United India Insurance Co. Ltd - Company Overview
9.5.1 United India Insurance Co. Ltd - key facts
9.5.2 United India Insurance Co. Ltd - key financials
9.6 National Insurance Co. Ltd - Company Overview
9.6.1 National Insurance Co. Ltd - key facts
9.6.2 National Insurance Co. Ltd - key financials
9.7 Oriental Insurance Company Ltd - Company Overview
9.7.1 Oriental Insurance Company Ltd - key facts
9.7.2 Oriental Insurance Company Ltd - key financials
9.8 ICICI Lombard General Insurance Co. Ltd - company overview
9.8.1 ICICI Lombard General Insurance Co. Ltd - key facts
9.8.2 ICICI Lombard General Insurance Co. Ltd - key financials
9.9 Bajaj Allianz General Insurance Co. Ltd - Company Overview
9.9.1 Bajaj Allianz General Insurance Co. Ltd - key facts
9.9.2 Bajaj Allianz General Insurance Co. Ltd - key financials
9.10 IFFCO-Tokio General Insurance Co. Ltd - company overview
9.10.1 IFFCO-Tokio General Insurance Co. Ltd - key facts
9.10.2 IFFCO-Tokio General Insurance Co. Ltd - key financials
9.11 Reliance General Insurance Company Ltd - company overview
9.11.1 Reliance General Insurance Company Ltd - key facts
9.11.2 Reliance General Insurance Company Ltd - key financials
9.12 Tata AIG General Insurance Co. Ltd - Company Overview
9.12.1 Tata AIG General Insurance Company Ltd - key facts
9.12.2 Tata AIG General Insurance Company Ltd - key financials
9.13 Royal Sundaram Alliance Insurance Co. Ltd - Company Overview
9.13.1 Royal Sundaram Alliance Insurance Co. Ltd - key facts
9.13.2 Royal Sundaram Alliance Insurance Co. Ltd - key financials
10 Business Environment and Country Risk
10.1 Business Confidence
10.1.1 Market capitalization trend - Bombay Stock Exchange, India
10.2 Economic Performance
10.2.1 GDP at constant prices (US dollars)
10.2.2 GDP per capita at constant prices (US dollars)
10.2.3 GDP at current prices (US dollars)
10.2.4 GDP per capita at current prices (US dollars)
10.2.5 GDP by key segments
10.2.6 Agricultural net output at current prices (Indian rupees)
10.2.7 Agricultural net output at current prices (US dollars)
10.2.8 Agricultural net output at current prices as a percentage of GDP
10.2.9 Manufacturing net output at current prices (Indian rupees)
10.2.10 Manufacturing net output at current prices (US dollars)
10.2.11 Manufacturing net output at current prices as a percentage of GDP
10.2.12 Mining, manufacturing and utilities net output at current prices (Indian rupees)
10.2.13 Mining, manufacturing and utilities at current prices (US dollars)
10.2.14 Mining, manufacturing and utilities at current prices, as a percentage of GDP
10.2.15 Construction net output at current prices (Indian rupees)
10.2.16 Construction net output at current prices (US dollars)
10.2.17 Construction net output at current prices as a percentage of GDP
10.2.18 Inflation rate
10.2.19 Current account balance as a percentage of GDP
10.2.20 Exports as a percentage of GDP
10.2.21 Imports as a percentage of GDP
10.2.22 Exports growth
10.2.23 Imports growth
10.2.24 Annual average exchange rate US$-INR
10.2.25 End-of-period exchange rate US$-INR
10.3 Infrastructure Quality and Availability
10.3.1 Total airports and sea ports
10.3.2 Railways and roadways
10.3.3 Passenger vehicle production volume
10.3.4 Commercial vehicle production volume
10.3.5 Automotive component exports trend
10.3.6 Automotive component imports trend
10.3.7 Passenger car penetration
10.3.8 Healthcare expenditure
10.3.9 Healthcare expenditure as a percentage of GDP
10.3.10 Healthcare expenditure per capita
10.3.11 Total internet subscribers
10.4 Labor Force
10.4.1 Labor force
10.4.2 Unemployment rate
10.5 Demographics
10.5.1 Annual disposable income
10.5.2 Annual per capita disposable income
10.5.3 Total population
10.5.4 Urban and rural populations
10.5.5 Female percentage of the population
10.5.6 Male percentage of the population
10.5.7 Mean age of the population
10.5.8 Median age of population
10.5.9 Population density
10.5.10 Age distribution of the total population
10.5.11 Age distribution of the male population
10.5.12 Age distribution of the female population
10.5.13 Number of households
10.6 Political and Social Risk
10.6.1 Political stability
10.6.2 Terrorism index
10.6.3 Transparency index
11 Appendix
11.1 Methodology
11.2 Contact Us
11.3 About Timetric
11.4 Disclaimer
List of Tables
Table 1: Insurance Industry Definitions
Table 2: Indian Insurance - Overall Written Premium by Segment (INR Billion), 2007-2011
Table 3: Indian Insurance - Overall Written Premium by Segment (US$ Billion), 2007-2011
Table 4: Indian Insurance - Overall Written Premium by Segment (INR Billion), 2011-2016
Table 5: Indian Insurance - Overall Written Premium by Segment (US$ Billion), 2011-2016
Table 6: Indian Insurance - Segmentation (% Share), 2007-2016
Table 7: Indian Non-Life Insurance - Written Premium by Category (INR Billion), 2007-2011
Table 8: Indian Non-Life Insurance - Written Premium by Category (US$ Billion), 2007-2011
Table 9: Indian Non-Life Insurance - Written Premium by Category (INR Billion), 2011-2016
Table 10: Indian Non-Life Insurance - Written Premium by Category (US$ Billion), 2011-2016
Figure 117: Indian Non-Life Insurance - Written Premium Through E-Commerce (INR Billion), 2007-2011
Figure 118: Indian Non-Life Insurance - Written Premium Through E-Commerce (INR Billion), 2011-2016
Figure 119: Indian Non-Life Insurance - Policies Sold Through E-Commerce (Thousand), 2007-2011
Figure 120: Indian Non-Life Insurance - Policies Sold Through E-Commerce (Thousand), 2011-2016
Figure 121: Indian Non-Life Insurance - Number of E-Commerce Distributors, 2007-2011
Figure 122: Indian Non-Life Insurance - Number of E-Commerce Distributors, 2011-2016
Figure 123: Indian Non-Life Insurance - Commission Paid to Brokers (INR Billion), 2007-2011
Figure 124: Indian Non-Life Insurance - Commission Paid to Brokers (INR Billion), 2011-2016
Figure 125: Indian Non-Life Insurance - Written Premium Through Brokers (INR Billion), 2007-2011
Figure 126: Indian Non-Life Insurance - Written Premium Through Brokers (INR Billion), 2011-2016
Figure 127: Indian Non-Life Insurance - Policies Sold Through Brokers (Thousand), 2007-2011
Figure 128: Indian Non-Life Insurance - Policies Sold Through Brokers (Thousand), 2011-2016
Figure 129: Indian Non-Life Insurance - Number of Brokers, 2007-2011
Figure 130: Indian Non-Life Insurance - Number of Brokers, 2011-2016
Figure 131: Indian Non-Life Insurance - Commission Paid to Other Channels (INR Billion), 2007-2011
Figure 132: Indian Non-Life Insurance - Commission Paid to Other Channels (INR Billion), 2011-2016
Figure 133: Indian Non-Life Insurance - Written Premium Through Other Channels (INR Billion), 2007-2011
Figure 134: Indian Non-Life Insurance - Written Premium Through Other Channels (INR Billion), 2011-2016
Figure 135: Indian Non-Life Insurance - Policies Sold Through Other Channels (Thousand), 2007-2011
Figure 136: Indian Non-Life Insurance - Policies Sold Through Other Channels (Thousand), 2011-2016
Figure 137: Indian Non-Life Insurance - Number of Distributors in Other Channels, 2007-2011
Figure 138: Indian Non-Life Insurance - Number of Distributors in Other Channels, 2011-2016
Figure 139: Indian Non-Life Insurance Market - Five Forces Analysis
Figure 140: Premium Ceded to Reinsurance by Category (INR billion), 2007-2016
Figure 141: Premium Ceded to Reinsurance by Category (% Share), 2011 and 2016
Figure 142: Reinsurance Market Dynamics by Category, 2007-2016
Figure 143: Premium Ceded to Reinsurance by Type of Insurance (INR billion), 2007-2016
Figure 144: Reinsurance Market Dynamics by Type of Insurance, 2007-2016
Figure 145: Indian Non-Life Insurance - Percentage of Reinsurance Ceded, 2007-2011
Figure 146: Indian Non-Life Insurance - Percentage of Reinsurance Ceded, 2011-2016
Figure 147: Indian Non-Life Insurance - Market Shares (%), 2007 and 2011
Figure 148: Gross Written Premium - Top Five Indian Non-Life Insurers, 2010-2011
Figure 149: Net Earned Premiums - Top Five Indian Non-Life Insurers, 2010-2011
Figure 150: Non-Life Insurance Gross Claims - Top Five Indian Non-Life Insurers, 2010-2011
Figure 151: Total Investment Income - Top Five Indian Non-Life Insurers, 2010-2011
Figure 152: Total Assets - Top Five Indian Non-Life Insurers, 2010-2011
Figure 153: Indian Stock Exchange Market Capitalization (US$ Billion), 2007-2011
Figure 154: Indian GDP at Constant Prices (US$ Billion), 2007-2011
Figure 155: Indian GDP Per Capita at Constant Prices (US$), 2007-2011
Figure 156: Indian GDP at Current Prices (US$ Billion), 2007-2011
Figure 157: Indian GDP Per Capita at Current Prices (US$), 2007-2011
Figure 158: Indian GDP by Key Segments (%) 2009 and 2011
Figure 159: Indian Agricultural Net Output at Current Prices (INR Billion), 2007-2011
Figure 160: Indian Agricultural Net Output at Current Prices (US$ Billion), 2007-2011
Figure 161: Indian Agricultural Net Output at Current Prices as a Percentage of GDP (%), 2007-2011
Figure 162: Indian Manufacturing Net Output at Current Prices (INR Billion), 2007-2011
Figure 163: Indian Manufacturing Net Output at Current Prices (US$ Billion), 2007-2011
Figure 164: Indian Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2007-2011
Figure 165: Indian Mining, Manufacturing and Utilities Net Output at Current Prices (IDR Billion), 2007-2011
Figure 166: Indian Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2007-2011
Figure 167: Indian Mining, Manufacturing and Utilities Net Output at Current Prices as a Percentage of GDP (%), 2007-2011
Figure 168: Indian Construction Net Output at Current Prices (INR Billion), 2007-2011
Figure 169: Indian Construction Net Output at Current Prices (US$ Billion), 2007- 2011
Figure 170: Indian Construction Output at Current Prices as a Percentage of GDP (%), 2007-2011
Figure 171: Indian Inflation Rate (%), 2007-2011
Figure 172: Indian Current Account Balance as a Percentage of GDP(%), 2007-2011
Figure 173: Indian Exports as a Percentage of GDP (%), 2007-2011
Figure 174: Indian Imports as a Percentage of GDP (%), 2007-2011
Figure 175: Indian Exports Growth (%), 2007-2011
Figure 176: Indian Imports Growth (%), 2007-2011
Figure 177: Indian Annual Average Exchange Rate US$-INR, 2007-2011
Figure 178: Indian End-of-Period Exchange Rate US$-INR, 2007-2011
Figure 179: Total Number of Indian Airports and Sea Ports, 2011
Figure 180: Indian Railways and Roadways (Kilometers), 2011
Figure 181: Indian Passenger Vehicle Production, 2007-2011
Figure 182: Indian Commercial Vehicle Production, 2007-2011
Figure 183: Indian Automotive Component Exports (US$ Billion), 2007-2011
Figure 184: Indian Automotive Component Imports (US$ Billion), 2007-2011
Figure 185: Indian Passenger Car Penetration (per thousand people), 2007-2011
Figure 186: Indian Healthcare Expenditure (US$ Billion), 2007-2011
Figure 187: Indian Healthcare Expenditure as a Percentage of GDP (%), 2007-2011
Figure 188: Indian Per Capita Healthcare Expenditure (US$), 2007-2011
Figure 189: Indian Internet Subscriptions (Millions), 2007-2011
Figure 190: Indian Size of Labor Force in 15-59 Age Group (Million), 2007-2011
Figure 191: Indian Unemployment Rate (%), 2007-2011
Figure 192: Indian Annual Disposable Income (US$ Billion), 2007-2011
Figure 193: Indian Annual Per Capita Disposable Income (US$), 2007-2011
Figure 194: Indian Total Population (Million), 2007-2011
Figure 195: Indian Urban and Rural Populations (%), 2007-2011
Figure 196: Indian Females as a Percentage of the Population (%), 2007-2011
Figure 197: Indian Males as Percentage of the Population (%), 2007-2011
Figure 198: India Mean Age of Population (Years), 2007-2011
Figure 199: India Median Age of Population (Years), 2007-2011
Figure 200: India Population Density (per Square Kilometer), 2007-2011
Figure 201: India Population Distribution by Age (%), 2007-2011
Figure 202: India Male Population Distribution by Age (%), 2007-2011
Figure 203: India Female Population Distribution by Age (%), 2007-2011
Figure 204: India Households, Number of (Million), 2007-2011
Figure 205: Global Terrorism Heat Map, 2011
Figure 206: India Transparency Index, 2007-2011
Non-Life Insurance in India, Key Trends and Opportunities to 2016 published by Timetric in October 12, 2012. This report consists of Pages: 256 and the price starts from US $ 1950.
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