Non-Life Insurance Market in India: Size, Trends, Industry, Analysis, Opportunities and Forecast to 2018

Non-Life Insurance Market in India: Size, Trends, Industry, Analysis, Opportunities and Forecast to 2018

  • Submitted By: R-Cue
  • Date Submitted: 02/10/2015 9:42 PM
  • Category: Business
  • Words: 664
  • Page: 3
  • Views: 1

The report provides in-depth market 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 category
• Key trends and drivers for the non-life insurance segment
• The various distribution channels in the Indian non-life insurance segment
• The detailed competitive landscape of the non-life insurance segment in India
• Detailed regulatory policies of the Indian insurance industry
• A description of the non-life reinsurance segment in India
• Porter's Five Forces analysis of the non-life insurance segment
• A benchmarking section on Indian non-life insurance segment in comparison with other BRICS countries

Executive Summary :
The Indian non-life insurance segment registered significant growth during the review period (2009-2013), despite the global financial crisis in 2009. The increase was primarily due to growing awareness of compulsory motor third-party liability insurance, and rising property prices in major Indian cities such as Mumbai and Bangalore. This was encouraged by rising income levels that increased demand for motor and property insurance. These factors are expected to enable the segment to record a forecast-period (2009-2018) CAGR of 11.3%.
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The segment is dominated by public sector insurers, and the combined market value of all private non-life insurers is less than 50% of the total non-life insurance written premium. Public sector insurers are expected to continue to dominate the segment over the forecast period, although private non-life insurers are expected to gradually increase their market shares. Although the Indian non-life segment grew rapidly during the review period, it remains largely underpenetrated due to poor awareness of the benefits of non-life insurance, low...

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