Insurance in India

Insurance in India industry profile provides top-line qualitative and quantitative summary information including: market size (value 2010-14, and forecast to 2019). 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 data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

  • 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 life insurance sector consists of mortality protection and annuity. The non-life insurance sector consists of accident and health, and property and casualty insurance segments. The insurance market depends on a variety of economic and non-economic factors, and future performance is difficult to predict. The forecast given in this report is intended as a rough guide to the direction in which the market is likely to move. This forecast is based on a correlation between past market growth and growth of base drivers, such as house price growth, GDP growth and long-term interest rates. All currency conversions have been calculated at constant annual 2013 average exchange rates.
  • The Indian insurance market is expected to generate total gross written premiums of $75.0bn in 2014, representing a compound annual growth rate (CAGR) of 6.6% between 2010 and 2014.
  • The life Insurance segment is expected to be the market's most lucrative in 2014, with total gross written premiums of $59.9bn, equivalent to 79.9% of the market's overall value.
  • The performance of the market is forecast to decelerate, with an anticipated CAGR of 5.9% for the five-year period 2014 - 2019, which is expected to drive the market to a value of $99.8bn by the end of 2019.

Scope

Save time carrying out entry-level research by identifying the size, growth, 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

Macroeconomic indicators provide insight into general trends within the India economy

Reasons to buy

What was the size of the India insurance market by value in 2014?

What will be the size of the India insurance market in 2019?

What factors are affecting the strength of competition in the India insurance market?

How has the market performed over the last five years?

Companies mentioned

HDFC Bank Limited, SBI Life Insurance Co. Ltd., LIC of India and ICICI Bank Limited

HDFC Bank Limited, SBI Life Insurance Co. Ltd., LIC of India and ICICI Bank Limited

Table of Contents

TABLE OF CONTENTS

Executive Summary 2

Market value 2

Market value forecast 2

Category segmentation 2

Geography segmentation 2

Market rivalry 2

Market Overview 7 ...

TABLE OF CONTENTS

Executive Summary 2

Market value 2

Market value forecast 2

Category segmentation 2

Geography segmentation 2

Market rivalry 2

Market Overview 7

Market definition 7

Market analysis 7

Market Data 8

Market value 8

Market Segmentation 9

Category segmentation 9

Geography segmentation 10

Market Outlook 11

Market value forecast 11

Five Forces Analysis 12

Summary 12

Buyer power 13

Supplier power 15

New entrants 17

Threat of substitutes 18

Degree of rivalry 19

Leading Companies 20

HDFC Bank Limited 20

SBI Life Insurance Co. Ltd. 23

LIC of India 24

ICICI Bank Limited 25

Macroeconomic Indicators 28

Country Data 28

Methodology 30

Industry associations 31

Related MarketLine research 31

Appendix 32

About MarketLine 32

LIST OF TABLES

Table 1: India insurance market value: $ billion, 2010–14(e) 8

Table 2: India insurance market category segmentation: $ billion, 2014(e) 9

Table 3: India insurance market geography segmentation: $ billion, 2014(e) 10

Table 4: India insurance market value forecast: $ billion, 2014–19 11

Table 5: HDFC Bank Limited: key facts 20

Table 6: HDFC Bank Limited: key financials ($) 21

Table 7: HDFC Bank Limited: key financials (Rs.) 21

Table 8: HDFC Bank Limited: key financial ratios 21

Table 9: SBI Life Insurance Co. Ltd.: key facts 23

Table 10: LIC of India: key facts 24

Table 11: ICICI Bank Limited: key facts 25

Table 12: ICICI Bank Limited: key financials ($) 26

Table 13: ICICI Bank Limited: key financials (Rs.) 26

Table 14: ICICI Bank Limited: key financial ratios 26

Table 15: India size of population (million), 2010–14 28

Table 16: India gdp (constant 2005 prices, $ billion), 2010–14 28

Table 17: India gdp (current prices, $ billion), 2010–14 28

Table 18: India inflation, 2010–14 29

Table 19: India consumer price index (absolute), 2010–14 29

Table 20: India exchange rate, 2010–14 29

LIST OF FIGURES

Figure 1: India insurance market value: $ billion, 2010–14(e) 8

Figure 2: India insurance market category segmentation: % share, by value, 2014(e) 9

Figure 3: India insurance market geography segmentation: % share, by value, 2014(e) 10

Figure 4: India insurance market value forecast: $ billion, 2014–19 11

Figure 5: Forces driving competition in the insurance market in India, 2014 12

Figure 6: Drivers of buyer power in the insurance market in India, 2014 13

Figure 7: Drivers of supplier power in the insurance market in India, 2014 15

Figure 8: Factors influencing the likelihood of new entrants in the insurance market in India, 2014 17

Figure 9: Factors influencing the threat of substitutes in the insurance market in India, 2014 18

Figure 10: Drivers of degree of rivalry in the insurance market in India, 2014 19

Figure 11: HDFC Bank Limited: revenues & profitability 22

Figure 12: HDFC Bank Limited: assets & liabilities 22

Figure 13: ICICI Bank Limited: revenues & profitability 27

Figure 14: ICICI Bank Limited: assets & liabilities 27

List of Tables

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List of Figures

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