Non-Life Insurance in India

Non-Life 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 non-life insurance market. Includes market size data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

The non-life insurance market consists of the general insurance market segmented into motor, property, liability and other insurance. The other segment is made up of non-life insurance products including health, travel, and accident cover among others. The value of the non-life insurance market is shown in terms of gross premium incomes. Gross premium income is defined as the insurer’s premium income for the year from its policies, calculated without reduction for reinsurance premiums paid or payable by the insurer. Any currency conversions used in the report have been calculated using constant 2013 annual average exchange rates.

The Indian non-life insurance market is expected to generate total gross written premiums of $15.1bn in 2014, representing a compound annual growth rate (CAGR) of 16.4% between 2010 and 2014.

The motor segment is expected to be the market's most lucrative in 2014, with total gross written premiums of $8.5bn, equivalent to 56% of the market's overall value.

The performance of the market is forecast to decelerate, with an anticipated CAGR of 7.7% for the five-year period 2014 – 2019, which is expected to drive the market to a value of $21.9bn by the end of 2019.

Scope

Save time carrying out entry-level research by identifying the size, growth, and leading players in the non-life insurance market in India

Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in India

Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance

Add weight to presentations and pitches by understanding the future growth prospects of the India non-life 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 non-life insurance market by value in 2014?

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

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

How has the market performed over the last five years?

Companies mentioned

The New India Assurance Co., Ltd., National Insurance Company Limited, The Oriental Insurance Company Ltd. and United India Insurance Co. Ltd.

Table of Contents

TABLE OF CONTENTS

Executive Summary 2

Market value 2

Market value forecast 2

Category segmentation 2

Geography segmentation 2

Market share 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 share 11

Market Outlook 12

Market value forecast 12

Five Forces Analysis 13

Summary 13

Buyer power 14

Supplier power 15

New entrants 16

Threat of substitutes 17

Degree of rivalry 18

Leading Companies 19

The New India Assurance Co., Ltd. 19

National Insurance Company Limited 20

The Oriental Insurance Company Ltd. 21

United India Insurance Co. Ltd. 22

Macroeconomic Indicators 23

Country Data 23

Methodology 25

Industry associations 26

Related MarketLine research 26

Appendix 27

About MarketLine 27

LIST OF TABLES

Table 1: India non-life insurance market value: $ million, 201014(e) 8

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

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

Table 4: India non-life insurance market share: % share, by value, 2014(e) 11

Table 5: India non-life insurance market value forecast: $ million, 201419 12

Table 6: The New India Assurance Co., Ltd.: key facts 19

Table 7: National Insurance Company Limited: key facts 20

Table 8: The Oriental Insurance Company Ltd.: key facts 21

Table 9: United India Insurance Co. Ltd.: key facts 22

Table 10: India size of population (million), 201014 23

Table 11: India gdp (constant 2005 prices, $ billion), 201014 23

Table 12: India gdp (current prices, $ billion), 201014 23

Table 13: India inflation, 201014 24

Table 14: India consumer price index (absolute), 201014 24

Table 15: India exchange rate, 201014 24

LIST OF FIGURES

Figure 1: India non-life insurance market value: $ million, 201014(e) 8

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

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

Figure 4: India non-life insurance market share: % share, by value, 2014(e) 11

Figure 5: India non-life insurance market value forecast: $ million, 201419 12

Figure 6: Forces driving competition in the non-life insurance market in India, 2014 13

Figure 7: Drivers of buyer power in the non-life insurance market in India, 2014 14

Figure 8: Drivers of supplier power in the non-life insurance market in India, 2014 15

Figure 9: Factors influencing the likelihood of new entrants in the non-life insurance market in India, 2014 16

Figure 10: Factors influencing the threat of substitutes in the non-life insurance market in India, 2014 17

Figure 11: Drivers of degree of rivalry in the non-life insurance market in India, 2014 18

List of Tables

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List of Figures

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