2012-09-12 04:43:18 - Life Insurance in India, Key Trends and Opportunities to 2016 Favorable: Regulations and Demographic Changes Will Drive Market Growth - a new market research report on companiesandmarkets.com
India contains the world´s twelfth-largest life insurance market and the fourth-largest in the Asia-Pacific region. In 2016, it is expected to surpass South Korea to emerge as the third-largest life insurance market after China and Japan. The demand for specific life insurance products has experienced significant growth over the review period. For instance, Indian customers are increasingly demanding insurance products that offer assured income through annuities.
ULIPs will remain as the fastest-growing sub-category in the Indian life insurance market over the forecast period. The IRDA´s proposal to increase the limit on foreign direct investment (FDI) from 26% to 49% will be a key growth driver for the life insurance market. The top nine private life insurance companies increased their cumulative market
share from 16.57% in 2007 to 26.47% in 2010. During the forecast period, the cumulative market share of private life insurance companies is expected to increase further.
This report provides a comprehensive analysis of the life insurance market in India:
â¢ It provides historical values for India´s life insurance market for the report´s 2007â2011 review period and forecast figures for the 2012â2016 forecast period
â¢ It offers a detailed analysis of the key sub-segments in India´s life insurance market, along with market forecasts until 2016
â¢ It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions
â¢ It analyses the various distribution channels for life insurance products in India
â¢ Using Porter´s industry-standard "Five Forces" analysis, it details the competitive landscape in India for the life insurance business
â¢ It provides a detailed analysis of the reinsurance market in India and its growth prospects
â¢ It profiles the top life insurance companies in India, and outlines the key regulations affecting them
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