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Non-Life Insurance in India

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Details

Non-Life Insurance in India

Summary

Non-Life Insurance in India industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2013-17, and forecast to 2022). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

- The non-life insurance market consists of the general insurance market segmented into motor, property, liability and other insurance. The other segment is made up of non-life insurance products including health, travel, and accident cover among others. The value of the non-life insurance market is shown in terms of gross premium incomes. Gross premium income is defined as the insurer's premium income for the year from its policies, calculated without reduction for reinsurance premiums paid or payable by the insurer. Any currency conversions used in the report have been calculated using constant 2017 annual average exchange rates.

- The Indian non-life insurance market had total gross written premiums of USD 24.5bn in 2017, representing a compound annual growth rate (CAGR) of 18.8% between 2013 and 2017.

- The motor segment was the market's most lucrative in 2017, with total gross written premiums of USD 15.4bn, equivalent to 63% of the market's overall value.

- The rising income of the population has led to increasing demand for non-life insurance products in recent years. Higher levels of income have resulted in surging demand for automobile, housing and private medical care with the related motor, property and health insurance products receiving a commensurate boost.

Scope

- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in India

- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in India

- Leading company profiles reveal details of key non-life insurance market players' global operations and financial performance

- Add weight to presentations and pitches by understanding the future growth prospects of the India non-life insurance market with five year forecasts

Reasons to buy

- What was the size of the India non-life insurance market by value in 2017?

- What will be the size of the India non-life insurance market in 2022?

- What factors are affecting the strength of competition in the India non-life insurance market?

- How has the market performed over the last five years?

- Who are the top competitiors in India's non-life insurance market?

READ MORE

Table Of Content

Scope

Table of Contents

Executive Summary 2

Market value 2

Market value forecast 2

Category segmentation 2

Geography segmentation 2

Market share 2

Market rivalry 2

Market Overview 7

Market definition 7

Market analysis 7

Market Data 9

Market value 9

Market Segmentation 10

Category segmentation 10

Geography segmentation 11

Market share 12

Market Outlook 13

Market value forecast 13

Five Forces Analysis 14

Summary 14

Buyer power 15

Supplier power 17

New entrants 19

Threat of substitutes 21

Degree of rivalry 22

Leading Companies 24

The New India Assurance Co Ltd 24

National Insurance Company Limited 25

The United India Insurance Co Ltd 26

ICICI Lombard General Insurance Company Limited 27

Macroeconomic Indicators 30

Country data 30

Methodology 32

Industry associations 33

Related MarketLine research 33

Appendix 34

About MarketLine 34


List Of Figure

List of Figures

Figure 1: India non-life insurance market value: USD billion, 2013-17

Figure 2: India non-life insurance market category segmentation: % share, by value, 2017

Figure 3: India non-life insurance market geography segmentation: % share, by value, 2017

Figure 4: India non-life insurance market share: % share, by value, 2017

Figure 5: India non-life insurance market value forecast: USD billion, 2017-22

Figure 6: Forces driving competition in the non-life insurance market in India, 2017

Figure 7: Drivers of buyer power in the non-life insurance market in India, 2017

Figure 8: Drivers of supplier power in the non-life insurance market in India, 2017

Figure 9: Factors influencing the likelihood of new entrants in the non-life insurance market in India, 2017

Figure 10: Factors influencing the threat of substitutes in the non-life insurance market in India, 2017

Figure 11: Drivers of degree of rivalry in the non-life insurance market in India, 2017

Figure 12: ICICI Lombard General Insurance Company Limited: revenues & profitability


List Of Table

List of Tables

Table 1: India non-life insurance market value: USD billion, 2013-17

Table 2: India non-life insurance market category segmentation: USD billion, 2017

Table 3: India non-life insurance market geography segmentation: USD billion, 2017

Table 4: India non-life insurance market share: % share, by value, 2017

Table 5: India non-life insurance market value forecast: USD billion, 2017-22

Table 6: The New India Assurance Co Ltd: key facts

Table 7: National Insurance Company Limited: key facts

Table 8: The United India Insurance Co Ltd: key facts

Table 9: ICICI Lombard General Insurance Company Limited: key facts

Table 10: ICICI Lombard General Insurance Company Limited: key financials (USD )

Table 11: ICICI Lombard General Insurance Company Limited: key financials (Rs.)

Table 12: ICICI Lombard General Insurance Company Limited: key financial ratios

Table 13: India size of population (million), 2013-17

Table 14: India gdp (constant 2005 prices, USD billion), 2013-17

Table 15: India gdp (current prices, USD billion), 2013-17

Table 16: India inflation, 2013-17

Table 17: India consumer price index (absolute), 2013-17

Table 18: India exchange rate, 2013-17

Licence Rights

Single User License:
Report can be used by individual purchaser only

Site License: 
Report can be shared by unlimited users within one corporate location, e.g. a regional office

Corporate User License:  
Report can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company

Section Purchase

To know more information on Purchase by Section, please send a mail to support@kenresearch.com

Products and Companies


Companies

The New India Assurance Co Ltd

National Insurance Company Limited

The United India Insurance Co Ltd

ICICI Lombard General Insurance Company Limited

Non-Life Insurance in India

Summary

Non-Life Insurance in India industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2013-17, and forecast to 2022). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

- The non-life insurance market consists of the general insurance market segmented into motor, property, liability and other insurance. The other segment is made up of non-life insurance products including health, travel, and accident cover among others. The value of the non-life insurance market is shown in terms of gross premium incomes. Gross premium income is defined as the insurer's premium income for the year from its policies, calculated without reduction for reinsurance premiums paid or payable by the insurer. Any currency conversions used in the report have been calculated using constant 2017 annual average exchange rates.

- The Indian non-life insurance market had total gross written premiums of USD 24.5bn in 2017, representing a compound annual growth rate (CAGR) of 18.8% between 2013 and 2017.

- The motor segment was the market's most lucrative in 2017, with total gross written premiums of USD 15.4bn, equivalent to 63% of the market's overall value.

- The rising income of the population has led to increasing demand for non-life insurance products in recent years. Higher levels of income have resulted in surging demand for automobile, housing and private medical care with the related motor, property and health insurance products receiving a commensurate boost.

Scope

- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in India

- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in India

- Leading company profiles reveal details of key non-life insurance market players' global operations and financial performance

- Add weight to presentations and pitches by understanding the future growth prospects of the India non-life insurance market with five year forecasts

Reasons to buy

- What was the size of the India non-life insurance market by value in 2017?

- What will be the size of the India non-life insurance market in 2022?

- What factors are affecting the strength of competition in the India non-life insurance market?

- How has the market performed over the last five years?

- Who are the top competitiors in India's non-life insurance market?

READ MORE

Scope

Table of Contents

Executive Summary 2

Market value 2

Market value forecast 2

Category segmentation 2

Geography segmentation 2

Market share 2

Market rivalry 2

Market Overview 7

Market definition 7

Market analysis 7

Market Data 9

Market value 9

Market Segmentation 10

Category segmentation 10

Geography segmentation 11

Market share 12

Market Outlook 13

Market value forecast 13

Five Forces Analysis 14

Summary 14

Buyer power 15

Supplier power 17

New entrants 19

Threat of substitutes 21

Degree of rivalry 22

Leading Companies 24

The New India Assurance Co Ltd 24

National Insurance Company Limited 25

The United India Insurance Co Ltd 26

ICICI Lombard General Insurance Company Limited 27

Macroeconomic Indicators 30

Country data 30

Methodology 32

Industry associations 33

Related MarketLine research 33

Appendix 34

About MarketLine 34


List Of Figure

List of Figures

Figure 1: India non-life insurance market value: USD billion, 2013-17

Figure 2: India non-life insurance market category segmentation: % share, by value, 2017

Figure 3: India non-life insurance market geography segmentation: % share, by value, 2017

Figure 4: India non-life insurance market share: % share, by value, 2017

Figure 5: India non-life insurance market value forecast: USD billion, 2017-22

Figure 6: Forces driving competition in the non-life insurance market in India, 2017

Figure 7: Drivers of buyer power in the non-life insurance market in India, 2017

Figure 8: Drivers of supplier power in the non-life insurance market in India, 2017

Figure 9: Factors influencing the likelihood of new entrants in the non-life insurance market in India, 2017

Figure 10: Factors influencing the threat of substitutes in the non-life insurance market in India, 2017

Figure 11: Drivers of degree of rivalry in the non-life insurance market in India, 2017

Figure 12: ICICI Lombard General Insurance Company Limited: revenues & profitability


List Of Table

List of Tables

Table 1: India non-life insurance market value: USD billion, 2013-17

Table 2: India non-life insurance market category segmentation: USD billion, 2017

Table 3: India non-life insurance market geography segmentation: USD billion, 2017

Table 4: India non-life insurance market share: % share, by value, 2017

Table 5: India non-life insurance market value forecast: USD billion, 2017-22

Table 6: The New India Assurance Co Ltd: key facts

Table 7: National Insurance Company Limited: key facts

Table 8: The United India Insurance Co Ltd: key facts

Table 9: ICICI Lombard General Insurance Company Limited: key facts

Table 10: ICICI Lombard General Insurance Company Limited: key financials (USD )

Table 11: ICICI Lombard General Insurance Company Limited: key financials (Rs.)

Table 12: ICICI Lombard General Insurance Company Limited: key financial ratios

Table 13: India size of population (million), 2013-17

Table 14: India gdp (constant 2005 prices, USD billion), 2013-17

Table 15: India gdp (current prices, USD billion), 2013-17

Table 16: India inflation, 2013-17

Table 17: India consumer price index (absolute), 2013-17

Table 18: India exchange rate, 2013-17

Single User License:
Report can be used by individual purchaser only

Site License: 
Report can be shared by unlimited users within one corporate location, e.g. a regional office

Corporate User License:  
Report can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company

To know more information on Purchase by Section, please send a mail to support@kenresearch.com

Companies

The New India Assurance Co Ltd

National Insurance Company Limited

The United India Insurance Co Ltd

ICICI Lombard General Insurance Company Limited