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India Insurance Report Q1 2015

India Insurance Report Q1 2015

BMI View: The Indian insurance sector returned to growth in 2014, with single digit premium growthreported across most lines, bolstered by the increasing strength of the Indian rupee. Moving forward amore positive domestic economic outlook underlines our forecasts for high single digit growth in thedominant life insurance sector as well as even more positive double digit growth in India's rapidlyexpanding non-life sector.

We are forecasting healthy GDP growth in India of 5.6% in FY2014/15 (April-March) which will provide aboost to household consumption and underpins our forecasts for growth across a range of insurance lines.

After a difficult period in 2011-2013, the life insurance sector returned to growth in 2014 and we expect tosee further growth of around 7% throughout the remainder of the forecast period meaning gross lifepremiums will increase from USD59bn in 2015 to USD69.3bn in 2018. India offers enormous potential as alife insurance market, and the increasing utilisation of online sales channels and more innovate productsincluding micro insurance will help insurers to take advantage of this growth capacity. This may be of morebenefit to smaller (in terms of the Indian market) insurers with ICICI Prudential Life Insurance andHDFC Life reporting over 30% increases in terms of first-year premium collection in Q214, compared to a5.5% decline in first year premiums by state owned LIC which dominates the life market in India.


BMI Industry View
SWOT
Insurance
Political
Economic
Industry Forecast
Total Premiums Forecast
Total Gross Premiums
Table: Total Gross Premiums Written (India 2011-2018)
Table: Total Net Premiums Written (India 2011-2018)
Reinsurance
Table: Total Reinsurance Premiums Written (India 2011-2018)
Table: Total Insurance Claims (India 2006-2013)
Assets
Table: Total Insurance Assets (India 2006-2013)
Life Premiums Forecast
Life Premiums
Table: Gross Life Premiums Written (India 2011-2018)
Table: Net Life Premiums Written (India 2011-2018)
Reinsurance
Table: Reinsurance Life Premiums Written (India 2011-2018)
Life Insurance Drivers
Table: Insurance Key Drivers, Private Health Expenditure (India 2011-2018)
Table: Insurance Key Drivers, Disease Adjusted Life Years (India 2011-2018)
Life Claims And Payments
Table: Life Insurance Claims (India 2006-2013)
Assets
Table: Assets (India 2006-2013)
Non-Life Premiums Forecast
Non-Life Premiums
Table: Gross Non-Life Premiums Written (India 2011-2018)
Table: Net Non-Life Premiums Written (India 2011-2018)
Reinsurance
Table: Reinsurance Non-Life Premiums Written (India 2011-2018)
Claims
Table: Non-Life Insurance Claims (India 2006-2013)
Assets
Table: Assets (India 2006-2013)
Non-Life Sub-Sector Forecast
Table: Non-Life % Breakdown (India 2011-2018)
Motor Vehicle And Transport Insurance
Table: Motor Vehicle Insurance (India 2011-2018)
Table: Insurance Key Drivers, Autos (India 2011-2018)
Table: Transport Insurance (India 2011-2018)
Table: Insurance Key Drivers, Freight Tonnage (India 2011-2018)
Property Insurance
Table: Property Insurance (India 2011-2018)
Health And Personal Accident Insurance
Table: Health Insurance (India 2011-2018)
Table: Personal Accident Insurance (India 2011-2018)
General Liability And Credit Insurance
Table: General Liability Insurance (India 2011-2018)
Table: Credit/Financial Guarantee Insurance (India 2011-2018)
Industry Risk Reward Ratings
Asia Pacific Industry Risk/Reward Index Q1 2015
Table: Asia Pacific Insurance Risk/Reward Index - Q1 2015
Market Overview
Life Market Overview
Table: Life Insurance Market (USDmn) 2006-2012
Table: Life Insurance Market (%) 2006-2012
Non-Life Market Overview
Table: Non-Life Insurance Market (USDmn) 2006-2012
Table: Non-Life Insurance Market (%) 2006-2012
Company Profile
ICICI Lombard GIC
Life Insurance Corporation of India
The New India Assurance Co
Demographic Forecast
Table: Population Headline Indicators (India 1990-2025)
Table: Key Population Ratios (India 1990-2025)
Table: Urban/Rural Population And Life Expectancy (India 1990-2025)
Table: Population By Age Group (India 1990-2025)
Table: Population By Age Group % (India 1990-2025)
Methodology
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Indicators
Table: Weighting of Indicators

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