Insurance in India
Summary
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.Essential resource for top-line data and analysis covering the India insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
Key Highlights
- The insurance market consists of the non-life insurance sector and the life insurance sector. The value of the market is shown in terms of gross premium incomes.
- The Indian insurance market had total gross written premiums of $96.9bn in 2017, representing a compound annual growth rate (CAGR) of 12.3% between 2013 and 2017.
- The life segment was the market's most lucrative in 2017, with total gross written premiums of $72.4bn, equivalent to 74.7% of the market's overall value.
- Higher levels of income have resulted in surging demand for automobile, housing and private medical care with related motor, property and health insurance products receiving a commensurate boost.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the insurance market in India
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance market in India
- Leading company profiles reveal details of key insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the India insurance market with five year forecasts
- What was the size of the India insurance market by value in 2017?
- What will be the size of the India insurance market in 2022?
- What factors are affecting the strength of competition in the India insurance market?
- How has the market performed over the last five years?
- Who are the top competitiors in India's insurance market?
- Executive Summary
- Market value
- Market value forecast
- Category segmentation
- Geography segmentation
- Market share
- Market rivalry
- Market Overview
- Market definition
- Market analysis
- Market Data
- Market value
- Market Segmentation
- Category segmentation
- Geography segmentation
- Market share
- Market Outlook
- Market value forecast
- Five Forces Analysis
- Summary
- Buyer power
- Supplier power
- New entrants
- Threat of substitutes
- Degree of rivalry
- Leading Companies
- ICICI Bank Ltd
- LIC of India
- The New India Assurance Co Ltd
- SBI Life Insurance Co Ltd
- Macroeconomic Indicators
- Country data
- Methodology
- Industry associations
- Related MarketLine research
- Appendix
- About MarketLine
- List of Tables
- Table 1: India insurance market value: $ billion, 2013-17
- Table 2: India insurance market category segmentation: $ billion, 2017
- Table 3: India insurance market geography segmentation: $ billion, 2017
- Table 4: India insurance market share: % share, by value, 2017
- Table 5: India insurance market value forecast: $ billion, 2017-22
- Table 6: ICICI Bank Ltd: key facts
- Table 7: ICICI Bank Ltd: key financials ($)
- Table 8: ICICI Bank Ltd: key financials (Rs.)
- Table 9: ICICI Bank Ltd: key financial ratios
- Table 10: LIC of India: key facts
- Table 11: LIC of India: key financials ($)
- Table 12: LIC of India: key financials (Rs.)
- Table 13: LIC of India: key financial ratios
- Table 14: The New India Assurance Co Ltd: key facts
- Table 15: SBI Life Insurance Co Ltd: key facts
- Table 16: India size of population (million), 2013-17
- Table 17: India gdp (constant 2005 prices, $ billion), 2013-17
- Table 18: India gdp (current prices, $ billion), 2013-17
- Table 19: India inflation, 2013-17
- Table 20: India consumer price index (absolute), 2013-17
- Table 21: India exchange rate, 2013-17
- List of Figures
- Figure 1: India insurance market value: $ billion, 2013-17
- Figure 2: India insurance market category segmentation: % share, by value, 2017
- Figure 3: India insurance market geography segmentation: % share, by value, 2017
- Figure 4: India insurance market share: % share, by value, 2017
- Figure 5: India insurance market value forecast: $ billion, 2017-22
- Figure 6: Forces driving competition in the insurance market in India, 2017
- Figure 7: Drivers of buyer power in the insurance market in India, 2017
- Figure 8: Drivers of supplier power in the insurance market in India, 2017
- Figure 9: Factors influencing the likelihood of new entrants in the insurance market in India, 2017
- Figure 10: Factors influencing the threat of substitutes in the insurance market in India, 2017
- Figure 11: Drivers of degree of rivalry in the insurance market in India, 2017
- Figure 12: ICICI Bank Ltd: revenues & profitability
- Figure 13: ICICI Bank Ltd: assets & liabilities
- Figure 14: LIC of India: revenues & profitability
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