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  4. > India Insurance Report Q1 2016

India Insurance Report Q1 2016

  • December 2015
  • -
  • Business Monitor International
  • -
  • 52 pages

Includes 3 FREE quarterly updates

BMI View: India's insurance market will continue to expand at a fast pace over the forecast period as afavourable economic climate and rapidly growing middle class demographic driver sales of life insurance,health covers and other insurance products. The market will nevertheless remain very underdeveloped interms of both density and penetration. Following the easing of regulations surrounding foreign ownershipof Indian insurance companies, multinational insurers will play an increasing role in the industry'sdevelopment.

Recent Updates and Developments:

- We have revised our growth forecasts for Indian life insurance premiums upwards for this quarter. Wenow expect premiums to grow by 6.7% a year on average in local currency terms over 2015-2019,compared with 4.7% as initially forecast. However, we project non-life premiums to expand by 9.0% y-oy,rather than 9.6% as previously expected.

Table Of Contents

India Insurance Report Q1 2016
BMI Industry View 5
Table: Headline Insurance Forecasts (India 2012-2019) 5
SWOT 7
Insurance 7
Industry Forecast 9
Life Premiums Forecast 9
Table: Life Premiums (India 2012-2019) 12
Table: Life Insurance Claims (India 2007-2013) 13
Non-Life Premiums Forecast 13
Table: Non-Life Premiums (India 2012-2019) 16
Table: Non-Life Insurance Claims (India 2008-2013) 17
Non-Life Sub-Sector Forecast 17
Table: Non-Life Insurance Premiums by Product Line (India 2012-2019) 25
Insurance Risk/Reward Index 27
Asia Pacific Industry Risk/Reward Index 27
Table: Asia Pacific Insurance Risk/Reward Index 28
Market Overview 29
Life Insurance Market Overview 29
The Product Offering 29
The Competitive Landscape 29
Table: India Life Insurance Market Share (USDmn) 31
Non-Life Insurance Market Overview 33
Table: India Non-Life Insurance Market Share (USDmn) 35
Company Profile 37
ICICI Lombard GIC 37
Life Insurance Corporation of India 40
The New India Assurance Co 43
Methodology 46
Industry Forecast Methodology 46
Risk/Reward Index Methodology 49
Table: Indicators 51
Table: Weighting of Indicators 52

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