Insurance in India

Insurance in India industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2014-18, and forecast to 2023). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

– The insurance market consists of the non-life and life insurance sectors. The value of the market is shown in terms of gross premium incomes.

– The Indian insurance market had total gross written premiums of $101.7bn in 2018, representing a compound annual growth rate (CAGR) of 13.6% between 2014 and 2018.

– The life insurance segment was the market's most lucrative in 2018, with total gross written premiums of $75.1bn, equivalent to 73.9% of the market's overall value.

– The Indian life insurance market has been boosted by strong growth in the country's middle class population, overall wages, and relatively low life insurance penetration levels.

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 2018?

- What will be the size of the India insurance market in 2023?

- 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?

Companies mentioned

ICICI Lombard General Insurance Co Ltd

The New India Assurance Co Ltd

SBI Life Insurance Co Ltd

HDFC Bank Ltd

Table of Contents

Table of Contents

1 Executive Summary

1.1. Market value

1.2. Market value forecast

1.3. Category segmentation

1.4. Geography segmentation

1.5. Market share

1.6. Market rivalry

1.7. Competitive Landscape

2 Market Overview

2.1. Market definition

2.2. Market analysis

3 Market Data

3.1. Market value

4 Market Segmentation

4.1. Category segmentation

4.2. Geography segmentation

5 Market Outlook

5.1. Market value forecast

6 Five Forces Analysis

6.1. Summary

6.2. Buyer power

6.3. Supplier power

6.4. New entrants

6.5. Threat of substitutes

6.6. Degree of rivalry

7 Competitive Landscape

7.1. Market share

7.2. Who are the leading players?

7.3. What strategies do the leading players follow?

7.4. Has there been any M&A activity in recent years?

8 Company Profiles

8.1. ICICI Lombard General Insurance Co Ltd

8.2. The New India Assurance Co Ltd

8.3. SBI Life Insurance Co Ltd

8.4. HDFC Bank Ltd

9 Macroeconomic Indicators

9.1. Country data

10 Appendix

10.1. Methodology

10.2. Industry associations

10.3. Related MarketLine research

10.4. About MarketLine

List of Tables

List of Tables

Table 1: India insurance market value: $ billion, 2014-18

Table 2: India insurance market category segmentation: $ billion, 2018

Table 3: India insurance market geography segmentation: $ billion, 2018

Table 4: India insurance market value forecast: $ billion, 2018-23

Table 5: India insurance market share: % share, by value, 2018

Table 6: ICICI Lombard General Insurance Co Ltd: key facts

Table 7: ICICI Lombard General Insurance Co Ltd: Key Employees

Table 8: The New India Assurance Co Ltd: key facts

Table 9: The New India Assurance Co Ltd: Key Employees

Table 10: The New India Assurance Co Ltd: Key Employees Continued

Table 11: SBI Life Insurance Co Ltd: key facts

Table 12: SBI Life Insurance Co Ltd: Annual Financial Ratios

Table 13: SBI Life Insurance Co Ltd: Key Employees

Table 14: HDFC Bank Ltd: key facts

Table 15: HDFC Bank Ltd: Annual Financial Ratios

Table 16: HDFC Bank Ltd: Key Employees

Table 17: HDFC Bank Ltd: Key Employees Continued

Table 18: India size of population (million), 2014-18

Table 19: India gdp (constant 2005 prices, $ billion), 2014-18

Table 20: India gdp (current prices, $ billion), 2014-18

Table 21: India inflation, 2014-18

Table 22: India consumer price index (absolute), 2014-18

Table 23: India exchange rate, 2014-18

List of Figures

List of Figures

Figure 1: India insurance market value: $ billion, 2014-18

Figure 2: India insurance market category segmentation: % share, by value, 2018

Figure 3: India insurance market geography segmentation: % share, by value, 2018

Figure 4: India insurance market value forecast: $ billion, 2018-23

Figure 5: Forces driving competition in the insurance market in India, 2018

Figure 6: Drivers of buyer power in the insurance market in India, 2018

Figure 7: Drivers of supplier power in the insurance market in India, 2018

Figure 8: Factors influencing the likelihood of new entrants in the insurance market in India, 2018

Figure 9: Factors influencing the threat of substitutes in the insurance market in India, 2018

Figure 10: Drivers of degree of rivalry in the insurance market in India, 2018

Figure 11: India insurance market share: % share, by value, 2018

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