The India's Commercial Insurance Market (2022-2027) by Type, Distribution channel, Enterprise, and Industry Verticle, IGR Competitive Analysis, and the Impact of Covid-19 with Ansoff Analysis

The India's Commercial Insurance Market (2022-2027) by Type, Distribution channel, Enterprise, and Industry Verticle, IGR Competitive Analysis, and the Impact of Covid-19 with Ansoff Analysis

Introduction

The India's Commercial Insurance Market is estimated to be USD 31.9 Bn in 2022 and is expected to reach USD 51.63 Bn by 2027, growing at a CAGR of 10.11%.

Market Dynamics

Market dynamics are forces that impact the prices and behaviors of the India's Commercial Insurance Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.
As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Market Segmentations

The India's Commercial Insurance Market is segmented based on Type, Distribution channel, Enterprise, and Industry Verticle.
By Type, the market is classified into Commercial motor insurance, Commercial property Insurance, Liability Insurance, Marine Insurance, and Others.
By Distribution channel, the market is classified into Agents and Brokers, Direct Response, and Others.
By Enterprise, the market is classified into Small Scale Enterprise, Medium scale Enterprise, and Large scale Enterprise.
By Industry Verticle, the market is classified into Manufacturing, Energy and Utilities, Construction, IT and Telecom, Healthcare, and Others.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Acko General Insurance Ltd., Aditya Birla Health Insurance, Agriculture Insurance Company of India Ltd., Bajaj Allianz General Insurance, Cholamandalam, Manipal , Navi General Insurance, Edelweiss , ECGC Ltd, Future Generali India Insurance, HDFC ERGO General Insurance , etc.

IGR Competitive Quadrant

The report includes IGR Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for the India's Commercial Insurance Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
Infogence Global Research analyses the India's Commercial Insurance Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
Based on the SWOT analysis conducted on the industry and industry players, Infogence Global Research has devised suitable strategies for market growth.

Why buy this report?

• The report offers a comprehensive evaluation of the India's Commercial Insurance Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using IGR Positioning Quadrants, Infogence's Proprietary competitive positioning tool.

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market

Companies Mentioned

Acko General Insurance Ltd.
Aditya Birla Health Insurance
Agriculture Insurance Company of India Ltd.
Bajaj Allianz General Insurance
Cholamandalam
Manipal
Navi General Insurance
Edelweiss
ECGC Ltd
Future Generali India Insurance
HDFC ERGO General Insurance
ICICI LOMBARD General Insurance
Kotak Mahindra General Insurance
Liberty General Insurance
Magma HDI General Insurance
Niva Bupa Health Insurance
National Insurance
Reliance General Insurance
Tata AIG General Insurance
Star Health & Allied Insurance
The Oriental Insurance
United India Insurance
Bharti Axa General Insurance