India Insurance Report Q4 2016

Publisher Name :
Date: 14-Sep-2016
No. of pages: 55

BMI View: India's insurance market is expected to record rapid growth over the course of our five-year

forecast period of 2016-2020. While already a large market, the insurance sector is by no means mature

and there remains significant scope for growth from a relatively low base, particularly in the less developed

non-life market. India is home to a large population where household income rates are expected to increase

steadily which indicates greater affordability for a range of products - though the focus will likely remain

on basic motor, health and property lines. Growth in the life sector should also remain strong, especially in

view of very strong data for new premiums for 2016/17; we now forecast growth in gross premiums written

of 11.0% in local currency terms in 2016, ahead of growth remaining in (or close to) double digits

throughout the forecast period.

Key Updates and Forecasts

? New business in the life sector during the first four months of fiscal year 2016/17 was very strong, with

the country's Life Insurance Council revealing a 22.7% rise in new premiums. We forecast growth in

gross premiums written of 11.0% in 2016, which would take premiums to INR4,176.8bn. In US dollar

terms this translates into growth of 4.3%, taking gross premiums written to USD61.2bn. The lower

growth in US dollar terms reflects a depreciation of the Indian rupee this year, although we expect the

India Insurance Report Q4 2016

Table of Contents

BMI Industry View 5
Table: Headline Insurance Forecasts (India 2013-2020) 5
SWOT 7
Insurance 7
Industry Forecast 9
Life Premiums Forecast 9
Table: Life Premiums (India 2013-2020) 12
Table: Life Insurance Claims (India 2008-2014) 13
Non-Life Premiums Forecast 14
Table: Non-Life Premiums (India 2013-2020) 17
Table: Non-Life Insurance Claims (India 2009-2015) 17
Non-Life Sub-Sector Forecast 18
Table: Non-Life Insurance Premiums by Product Line (India 2013-2020) 27
Insurance Risk/Reward Index 29
Asia Pacific Industry Risk/Reward Index 29
Table: Asia Pacific Insurance Risk/Reward Index Q416 30
Market Overview 31
Life Insurance Market Overview 31
The Product Offering 31
The Competitive Landscape 31
Table: India Life Insurance Market Share (USDmn) 2008-2014 33
Non-Life Insurance Market Overview 36
The Product Offering 36
The Competitive Landscape 36
Table: India Non-Life Insurance Market Share (USDmn), 2008-2014 38
Company Profile 40
ICICI Lombard GIC 40
Life Insurance Corporation of India 43
The New India Assurance Co 46
Methodology 49
Industry Forecast Methodology 49
Risk/Reward Index Methodology 52
Table: Indicators 54
Table: Weighting of Indicators 55

List of Tables

Table: Headline Insurance Forecasts (India 2013-2020)
Table: Life Premiums (India 2013-2020)
Table: Life Insurance Claims (India 2008-2014)
Table: Non-Life Premiums (India 2013-2020)
Table: Non-Life Insurance Claims (India 2009-2015)
Table: Non-Life Insurance Premiums by Product Line (India 2013-2020)
Table: Asia Pacific Insurance Risk/Reward Index Q416
Table: India Life Insurance Market Share (USDmn) 2008-2014
Table: India Non-Life Insurance Market Share (USDmn), 2008-2014
Table: Indicators
Table: Weighting of Indicators
  • A-Share Listed Insurance and Diversified Finance Companies - Profiles and Financial Data
    Published: 16-Mar-2017        Price: US 1000 Onwards        Pages: 95
    Insurance refers to a business centralizing funds through contracts to reimburse the economic loss of insurants. Different from traditional single financial types, diversified finance covers a wide range of investment projects and management services such as trust, leasing and factoring. In 2016, the primary insurance premium income in China was CNY 3.1 trillion and the compensation expenses were CNY 1.05 trillion. The insurance premium income from life insurance reached CNY 1,744.222......
  • Global Travel Insurance Market 2016 Industry Trend and Forecast 2021
    Published: 09-Mar-2017        Price: US 2800 Onwards        Pages: 159
    The Global Travel Insurance Market 2016 Industry Trend and Forecast 2021 is a professional and in-depth study on the current state of the Travel Insurance industry. The report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Travel Insurance market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. ......
  • Global Usage-Based Insurance Market Research Report 2017
    Published: 08-Mar-2017        Price: US 2900 Onwards        Pages: 127
    Notes: Production, means the output of Usage-Based Insurance Revenue, means the sales value of Usage-Based Insurance This report studies Usage-Based Insurance in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufacturers in global market, with capacity, production, price, revenue and market share for each manufacturer, covering - Allianz SE - AXA - Progressive Corporation - Alls......
  • Global IoT Insurance Market Size, Status and Forecast 2022
    Published: 20-Feb-2017        Price: US 3300 Onwards        Pages: 103
    Notes: Production, means the output of IoT Insurance Revenue, means the sales value of IoT Insurance This report studies the global IoT Insurance market, analyzes and researches the IoT Insurance development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like - International Business Machines - SAP SE - Oracle - Google - Microsoft - Ci......
  • The Insurance Industry in Botswana Key Trends and Opportunities to 2020
    Published: 20-Feb-2017        Price: US 1450 Onwards        Pages: 104
    Synopsis Timetric's 'The Insurance Industry in Botswana, Key Trends and Opportunities to 2020' report provides a detailed analysis of the Botswanan insurance industry. It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review (2011-2015) and forecast periods (2015-2020). The report also gives a comprehensive overview of the ......
  • The Insurance Industry in Rwanda, Key Trends and Opportunities to 2020
    Published: 07-Feb-2017        Price: US 1450 Onwards        Pages: 89
    Synopsis Timetric's 'The Insurance Industry in Rwanda, Key Trends and Opportunities to 2020' report provides a detailed analysis of the Rwandan insurance industry. It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review (2011-2015) and forecast (2015-2020) periods. The report also gives a comprehensive overview of Rwanda's economy and......
  • The Rise of Big Data in Insurance
    Published: 31-Jan-2017        Price: US 2795 Onwards        Pages: 27
    Synopsis Data has undoubtedly altered the way the insurance industry works, enabling companies to access more information about customers and allowing them to offer the potential for cheaper premiums and rewards. Telematics, wearables, and connected homes are the main established examples. The health sector is where big data's impact is most evident, with wearable technology increasingly used by large insurers, which offer cheaper premiums, reward schemes and health ben......
  • Customer Segmentation in UK Insurance: Evolving Landscapes
    Published: 31-Jan-2017        Price: US 2795 Onwards        Pages: 25
    Financial services is evolving, and the launch of new products - most of which are technology-based - is becoming ever-more frequent. While insurance is steeped in tradition, the industry is beginning to change and evolve - which will be necessary to appeal to Evolving Landscapes consumers, many of whom see no room for traditional businesses in the future. Key Findings 50% of consumers fit into the Evolving Landscapes category, indicating that many rema......
  • The Insurance Industry in Mozambique, Key Trends and Opportunities to 2020
    Published: 24-Jan-2017        Price: US 1450 Onwards        Pages: 112
    Synopsis Timetric's 'The Insurance Industry in Mozambique, Key Trends and Opportunities to 2020' report provides a detailed analysis of the Mozambican insurance industry. It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review (2011-2015) and forecast periods (2015-2020). The report also gives a comprehensive overview of the Moza......
  • SERVICES
    Value for Money
    We believe in "optimum utilization of available budget and resources". While servicing our clients' (your) market research requirements, we keep the same approach in focus to help you get the best value for your $$s.
    Ever Growing Inventory
    Ranging from the smallest feasible / required data (datasheets, data facts, SWOT analysis, company profiles, etc) to full research reports that help you make decisions, our inventory is updated almost on a daily basis with the latest industry reports from domain experts that track more than 5000 niche sectors.
    One Stop Solution
    Need a custom research report on medical devices market? Require all available business intelligence on 3D printing industry? Exploring F&B sector of a particular country/region? RnRMarketResearch.com is your one-stop-solution to all market intelligence needs. We not only offer custom research and consulting services, we also "bundle" reports to meet your needs and help you fetch the data analysis you require for your business.
    Dedicated Client Engagement
    Not limited to only "finding" relevant reports for you, our client engagement team dedicates its efforts to understand your "business need" and accordingly maps available research data to help you move forward. Call "your" client engagement executive any time of your day and get your questions answered in order to make the correct business decision.
    Saving Time and Efforts
    Simply share your research requirement details with us and let us do all the hard work to find required intelligence for you. When you add up our "one stop solution" and "dedicated client engagement" services mentioned above, you obviously know the time and effort saving you do by working with us.
    Payment Flexibility
    Working with Fortune 500 organizations, we understand the importance of being flexible for payments. Share your payment terms with us and we will surely match up to them to ensure you get access to required business intelligence data without having to wait for the payment to be done.
    Post-Purchase Research Support
    Have questions after reading a report / datasheet bought through us? Not sure about the methodology used for data available in the research? Talk to us / Share your questions with us and if required, we will connect you with the analyst(s)/author(s) of the report(s) and ensure you get satisfactory answers for the same. Need more data / analysis / report(s) on the topic of your research/project? The RnRMarketResearch.com team is here for you 24X7 to support you with your post-purchase requirements. Subscription Offers & Packages (Get in touch with us for more details - sales@rnrmarketresearch.com / +1 888 391 5441 )
    • Ad Hoc
    • Pay - as - you - go / Bucket Subscriptions
    • Fixed Cost for #of reports
    • Customize / Personalize as per your needs