Insurance in India

Insurance in India

  • October 2017 •
  • 38 pages •
  • Report ID: 171663
Insurance in India

Summary
Insurance in India industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Synopsis
Essential resource for top-line data and analysis covering the India insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Key Highlights
The insurance market consists of the non-life insurance sector and the life insurance sector. The value of the market is shown in terms of gross premium incomes.

The Indian insurance market had total gross written premiums of $79.5bn in 2016, representing a compound annual growth rate (CAGR) of 10.3% between 2012 and 2016.

The life insurance segment was the market’s most lucrative in 2016, with total gross written premiums of $61.9bn, equivalent to 77.9% of the market’s overall value.

The relaxing of monetary policy in India in the last two years - a further cut was imposed in early 2017 - along with the increasing amount of claims in non-life insurance, is going to induce premium increases in that segment as insurers will try to protect their profitability against reducing investment income. Likewise, lower investment income is going to have even a greater impact in the life insurance segment as these products will become less attractive for consumers through lower returns. In these regards, the growth of demand is expected to decelerate in both segments of the market, slightly decelerating the growth pace of insurance penetration.

Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the insurance market in India
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance market in India
- Leading company profiles reveal details of key insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the India insurance market with five year forecasts

Reasons to buy
- What was the size of the India insurance market by value in 2016?
- What will be the size of the India insurance market in 2021?
- What factors are affecting the strength of competition in the India insurance market?
- How has the market performed over the last five years?
- Who are the top competitiors in India’s insurance market?
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Country=India Industry=Insurance ParentIndustry=Services Date=201710 Topic=MarketSize Publisher=MarketLine Price=1000