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Insurance in India

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.
Scope
  • 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
Reasons to buy
  • 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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