Insurance in India
Published: November 2012 · Publisher: MarketLine
Insurance in India industry profile provides top-line qualitative and quantitative summary information including: market size (value 2007-11, and forecast to 2016).
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Introduction
Insurance in India industry profile provides top-line qualitative and quantitative summary information including: market size (value 2007-11, and forecast to 2016). 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 insurance market. Includes market size data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
Highlights
*The insurance market consists of the non-life insurance sector and the life insurance sector. The value of the market is shown in terms of gross premium incomes. The life insurance sector consists of mortality protection and annuity. The non-life insurance sector consists of accident and health, and property and casualty insurance segments. The insurance market depends on a variety of economic and non-economic factors, and future performance is difficult to predict. The forecast given in this report is intended as a rough guide to the direction in which the market is likely to move. This forecast is based on a correlation between past market growth and growth of base drivers, such as house price growth, GDP growth and long-term interest rates. All currency conversions have been calculated at constant annual 2011 average exchange rates.
*The Indian insurance market had total gross written premiums of $74.2 billion in 2011, representing a compound annual growth rate (CAGR) of 10.7% between 2007 and 2011.
*The life insurance segment was the market's most lucrative in 211, with total gross written premiums of $61.8 billion, equivalent to 83.2% of the market's overall value.
*The performance of the market is forecast to accelerate, with an anticipated CAGR of 16.3% for the five-year period 2011 - 2016, which is expected to drive the market to a value of $158.2 billion by the end of 2016.
Features
Save time carrying out entry-level research by identifying the size, growth, 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
Macroeconomic indicators provide insight into general trends within the India economy
Key Questions Answered
What was the size of the India insurance market by value in 2011?
What will be the size of the India insurance market in 2016?
What factors are affecting the strength of competition in the India insurance market?
How has the market performed over the last five years?
Insurance in India industry profile provides top-line qualitative and quantitative summary information including: market size (value 2007-11, and forecast to 2016). 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 insurance market. Includes market size data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
Highlights
*The insurance market consists of the non-life insurance sector and the life insurance sector. The value of the market is shown in terms of gross premium incomes. The life insurance sector consists of mortality protection and annuity. The non-life insurance sector consists of accident and health, and property and casualty insurance segments. The insurance market depends on a variety of economic and non-economic factors, and future performance is difficult to predict. The forecast given in this report is intended as a rough guide to the direction in which the market is likely to move. This forecast is based on a correlation between past market growth and growth of base drivers, such as house price growth, GDP growth and long-term interest rates. All currency conversions have been calculated at constant annual 2011 average exchange rates.
*The Indian insurance market had total gross written premiums of $74.2 billion in 2011, representing a compound annual growth rate (CAGR) of 10.7% between 2007 and 2011.
*The life insurance segment was the market's most lucrative in 211, with total gross written premiums of $61.8 billion, equivalent to 83.2% of the market's overall value.
*The performance of the market is forecast to accelerate, with an anticipated CAGR of 16.3% for the five-year period 2011 - 2016, which is expected to drive the market to a value of $158.2 billion by the end of 2016.
Features
Save time carrying out entry-level research by identifying the size, growth, 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
Macroeconomic indicators provide insight into general trends within the India economy
Key Questions Answered
What was the size of the India insurance market by value in 2011?
What will be the size of the India insurance market in 2016?
What factors are affecting the strength of competition in the India insurance market?
How has the market performed over the last five years?
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TABLE OF CONTENTS
Executive Summary 2
Market value 2
Market value forecast 2
Category segmentation 2
Geography segmentation 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 Outlook 11
Market value forecast 11
Five Forces Analysis 12
Summary 12
Buyer power 13
Supplier power 14
New entrants 15
Threat of substitutes 16
Degree of rivalry 17
Leading Companies 18
HDFC Standard Life Insurance Company Limited 18
ICICI Bank Limited 21
Life Insurance Corporation of India 24
State Bank of India 25
Macroeconomic Indicators 28
Country Data 28
Appendix 30
Methodology 30
Industry associations 31
Related research 31
LIST OF TABLES
Table 1: India insurance market value: $ billion, 2007–11 8
Table 2: India insurance market category segmentation: $ billion, 2011 9
Table 3: India insurance market geography segmentation: $ billion, 2011 10
Table 4: India insurance market value forecast: $ billion, 2011–16 11
Table 5: HDFC Standard Life Insurance Company Limited: key facts 18
Table 6: HDFC Standard Life Insurance Company Limited: key financials ($) 18
Table 7: HDFC Standard Life Insurance Company Limited: key financials (Rs.) 19
Table 8: HDFC Standard Life Insurance Company Limited: key financial ratios 19
Table 9: ICICI Bank Limited: key facts 21
Table 10: ICICI Bank Limited: key financials ($) 21
Table 11: ICICI Bank Limited: key financials (Rs.) 22
Table 12: ICICI Bank Limited: key financial ratios 22
Table 13: Life Insurance Corporation of India: key facts 24
Table 14: State Bank of India: key facts 25
Table 15: State Bank of India: key financials ($) 25
Table 16: State Bank of India: key financials (Rs.) 26
Table 17: State Bank of India: key financial ratios 26
Table 18: India size of population (million), 2007–11 28
Table 19: India gdp (constant 2000 prices, $ billion), 2007–11 28
Table 20: India gdp (current prices, $ billion), 2007–11 28
Table 21: India inflation, 2007–11 29
Table 22: India consumer price index (absolute), 2007–11 29
Table 23: India exchange rate, 2007–11 29
LIST OF FIGURES
Figure 1: India insurance market value: $ billion, 2007–11 8
Figure 2: India insurance market category segmentation: % share, by value, 2011 9
Figure 3: India insurance market geography segmentation: % share, by value, 2011 10
Figure 4: India insurance market value forecast: $ billion, 2011–16 11
Figure 5: Forces driving competition in the insurance market in India, 2011 12
Figure 6: Drivers of buyer power in the insurance market in India, 2011 13
Figure 7: Drivers of supplier power in the insurance market in India, 2011 14
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in India, 2011 15
Figure 9: Factors influencing the threat of substitutes in the insurance market in India, 2011 16
Figure 10: Drivers of degree of rivalry in the insurance market in India, 2011 17
Figure 11: HDFC Standard Life Insurance Company Limited: revenues & profitability 19
Figure 12: HDFC Standard Life Insurance Company Limited: assets & liabilities 20
Figure 13: ICICI Bank Limited: revenues & profitability 22
Figure 14: ICICI Bank Limited: assets & liabilities 23
Figure 15: State Bank of India: revenues & profitability 26
Figure 16: State Bank of India: assets & liabilities 27
Executive Summary 2
Market value 2
Market value forecast 2
Category segmentation 2
Geography segmentation 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 Outlook 11
Market value forecast 11
Five Forces Analysis 12
Summary 12
Buyer power 13
Supplier power 14
New entrants 15
Threat of substitutes 16
Degree of rivalry 17
Leading Companies 18
HDFC Standard Life Insurance Company Limited 18
ICICI Bank Limited 21
Life Insurance Corporation of India 24
State Bank of India 25
Macroeconomic Indicators 28
Country Data 28
Appendix 30
Methodology 30
Industry associations 31
Related research 31
LIST OF TABLES
Table 1: India insurance market value: $ billion, 2007–11 8
Table 2: India insurance market category segmentation: $ billion, 2011 9
Table 3: India insurance market geography segmentation: $ billion, 2011 10
Table 4: India insurance market value forecast: $ billion, 2011–16 11
Table 5: HDFC Standard Life Insurance Company Limited: key facts 18
Table 6: HDFC Standard Life Insurance Company Limited: key financials ($) 18
Table 7: HDFC Standard Life Insurance Company Limited: key financials (Rs.) 19
Table 8: HDFC Standard Life Insurance Company Limited: key financial ratios 19
Table 9: ICICI Bank Limited: key facts 21
Table 10: ICICI Bank Limited: key financials ($) 21
Table 11: ICICI Bank Limited: key financials (Rs.) 22
Table 12: ICICI Bank Limited: key financial ratios 22
Table 13: Life Insurance Corporation of India: key facts 24
Table 14: State Bank of India: key facts 25
Table 15: State Bank of India: key financials ($) 25
Table 16: State Bank of India: key financials (Rs.) 26
Table 17: State Bank of India: key financial ratios 26
Table 18: India size of population (million), 2007–11 28
Table 19: India gdp (constant 2000 prices, $ billion), 2007–11 28
Table 20: India gdp (current prices, $ billion), 2007–11 28
Table 21: India inflation, 2007–11 29
Table 22: India consumer price index (absolute), 2007–11 29
Table 23: India exchange rate, 2007–11 29
LIST OF FIGURES
Figure 1: India insurance market value: $ billion, 2007–11 8
Figure 2: India insurance market category segmentation: % share, by value, 2011 9
Figure 3: India insurance market geography segmentation: % share, by value, 2011 10
Figure 4: India insurance market value forecast: $ billion, 2011–16 11
Figure 5: Forces driving competition in the insurance market in India, 2011 12
Figure 6: Drivers of buyer power in the insurance market in India, 2011 13
Figure 7: Drivers of supplier power in the insurance market in India, 2011 14
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in India, 2011 15
Figure 9: Factors influencing the threat of substitutes in the insurance market in India, 2011 16
Figure 10: Drivers of degree of rivalry in the insurance market in India, 2011 17
Figure 11: HDFC Standard Life Insurance Company Limited: revenues & profitability 19
Figure 12: HDFC Standard Life Insurance Company Limited: assets & liabilities 20
Figure 13: ICICI Bank Limited: revenues & profitability 22
Figure 14: ICICI Bank Limited: assets & liabilities 23
Figure 15: State Bank of India: revenues & profitability 26
Figure 16: State Bank of India: assets & liabilities 27
Copyright © FriedlNet. You may share using our tools Please don't cut content from FriedlNet and redistribute by email or post to the web.