2012-09-12 04:37:18 -
Non-Life Insurance in India Key Trends and Opportunities to 2016: Improving Infrastructure and Rising Disposable Income Will Drive Market Growth - a new market research report on companiesandmarkets.com
Despite the global economic crisis, the Indian non-life insurance market continued to grow at a healthy rate during the review period (2007â2011). Although the Indian non-life insurance market has grown rapidly during the review period, it remains largely underpenetrated because of various limitations, such as the poor awareness of the benefits of non-life insurance, the low penetration in rural areas, and lack of an effective distribution model.
The market is dominated by public-sector insurers, and the combined market value of all the private non-life insurers is less than half of the total non-life insurance written premium. The Insurance Regulatory and Development Authority´s (IRDA´s) proposal to increase the foreign direct investment (FDI) limit for insurance companies from 26% to 49% will be
a key growth driver for the non-life insurance market.
Report Scope
This report provides a comprehensive analysis of the non-life insurance market in India:
⢠It provides historical values for India´s non-life insurance market for the report´s 2007â2011 review period and forecast figures for the 2012â2016 forecast period
⢠It offers a detailed analysis of the key sub-segments in India´s non-life insurance market, along with market forecasts until 2016
⢠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
⢠It analyses the various distribution channels for non-life insurance products in India
⢠Using Porter´s industry-standard "Five Forces" analysis, it details the competitive landscape in India for the non-life insurance business
⢠It provides a detailed analysis of the reinsurance market in India and its growth prospects
⢠It profiles the top life insurance companies in India, and outlines the key regulations affecting them
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