SYS-CON MEDIA Authors: Trevor Parsons, Sean Houghton, Glenn Rossman, Ignacio M. Llorente, Xenia von Wedel

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Non-Life Insurance in India, Key Trends and Opportunities to 2017

LONDON, Feb. 26, 2014 /PRNewswire/ -- Reportbuyer.com just published a new market research report:

Non-Life Insurance in India, Key Trends and Opportunities to 2017


Synopsis

The report provides industry analysis, information and insights into the Indian non-life insurance segment, including:
• The Indian non-life insurance segment's growth prospects by non-life insurance categories
• The various distribution channels in the Indian non-life insurance segment
• The competitive landscape in the non-life insurance segment in India
• A description of the non-life reinsurance segment in India
• Detailed analysis of the regulatory framework in India

Summary

Since 2000, the non-life segment has transformed as it deregulated and opened its doors to overseas businesses. As a result, the non-life segment has grown significantly over the last decade, resulting in the number of non-life insurance companies increasing from nine in 2000 to 25 in 2012. In terms of gross written premiums, the non-life segment grew from INR232.7 billion (US$5.3 billion) in 2008 to INR433.1 billion (US$8.1 billion) in 2012, at a CAGR of 16.8% during the review period. Government initiatives for large-scale insurance programs such as the Pan-India Campaign and regulatory initiatives will drive the expansion of private insurers.

Scope

This report provides a comprehensive analysis of the non-life insurance segment in India:
• It provides historical values for India's non-life insurance segment for the report's 2008–2012 review period and forecast figures for the 2012–2017 forecast period
• It offers a detailed analysis of the key sub-segments in India's non-life insurance segment, along with forecasts until 2017
• 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 segment in India and its growth prospects
• It profiles the top non-life insurance companies in India and outlines the key regulations affecting them

Reasons To Buy

• Make strategic business decisions using historic and forecast data related to the Indian non-life insurance segment and each category within it
• Understand the demand-side dynamics, key market trends and growth opportunities within the Indian non-life insurance segment
• Assess the competitive dynamics in the non-life insurance segment, along with the reinsurance segment
• Identify the growth opportunities and dynamics within key product categories
• Gain insights into key regulations governing the Indian non-life insurance segment and its impact on companies and the market's future

Key Highlights

• The Indian insurance industry is one of the fastest-growing in the Asia-Pacific region and is highly competitive with the presence of both public and private companies.
• Despite the global economic crisis, the Indian non-life insurance segment continued to grow at a healthy CAGR of 16.8% during the review period (2008–2012).
• The growth in the income levels of the population due to booms in IT and other industries also added to the growth of the segment.
• 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 segment.
• The top five insurers accounted for 58.5% of the gross written premium of the segment at the end of 2012.

Table of Contents
1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Regional Market Dynamics
3.1 Overview
3.1.1 Market trends
3.1.2 Market size
4 Non-Life Insurance
4.1 Scale and Penetration
4.1.1 Total market gross written premium
4.1.2 Premium per capita
4.1.3 Non-life insurance penetration (as a percentage of GDP)
4.2 Growth
4.2.1 Gross written premium
4.2.2 Gross written premium per capita
4.3 Efficiency and Risk
4.3.1 Loss ratio
4.3.2 Combined ratio
4.3.3 Incurred losses per capita
4.3.4 Incurred losses as a percentage of GDP
4.4 Distribution Channels
4.4.1 Direct marketing
4.4.2 Bancassurance
4.4.3 Agencies
5 Indian Insurance Industry Attractiveness
5.1 Insurance Industry Size, 2008–2017
5.2 Key Industry Trends and Drivers
6 Non-Life Insurance Outlook
6.1 Non-Life Insurance Growth Prospects by Category
6.2 Property insurance
6.2.1 Fire and allied perils insurance
6.2.2 Engineering insurance
6.2.3 Agriculture insurance
6.2.4 Other property insurance
6.3 Motor Insurance
6.3.1 Motor hull Insurance
6.3.2 Motor third-party Insurance
6.4 General Third-Party Insurance
6.5 Marine, Aviation and Transit Insurance
6.5.1 Marine insurance
6.5.2 Marine hull insurance
6.5.3 Marine third-party insurance
6.5.4 Aviation insurance
6.5.5 Transit insurance
7 Analysis by Distribution Channels
7.1 Direct Marketing
7.2 Bancassurance
7.3 Agencies
7.4 E-Commerce
7.5 Brokers
7.6 Other Channels
8 Porter's Five Forces Analysis – Indian Non-Life Insurance
8.1 Bargaining Power of Suppliers: Low to Medium
8.2 Bargaining Power of Buyer: Low
8.3 Barriers to Entry: Medium
8.4 Intensity of Rivalry: Medium to High
8.5 Threat of Substitutes: Low
9 Reinsurance Growth Dynamics and Challenges
9.1 Reinsurance Segment Size, 2008–2017
9.2 Reinsurance Segment Size by Type of Insurance, 2008–2017
10 Governance, Risk and Compliance
10.1 Legislation Overview and Historical Evolution
10.2 Legislation Trends by Type of Insurance
10.2.1 Life insurance regulatory trends
10.2.2 Property insurance regulatory trends
10.2.3 Motor insurance regulatory trends
10.2.4 Marine, aviation and transit insurance regulatory trends
10.2.5 Personal accident and health insurance regulatory trends
10.3 Compulsory Insurance
10.3.1 Motor third-party liability insurance
10.3.2 Workmen's compensation insurance/employers' liability insurance
10.4 Supervision and Control
10.4.1 International Association of Insurance Supervisors
10.4.2 Insurance Regulatory and Development Authority
10.5 Non-Admitted Insurance Regulatory Trends
10.5.1 Overview
10.5.2 Intermediaries
10.5.3 Market practices
10.5.4 Fines and penalties
10.6 Company Registration and Operations
10.6.1 Types of insurance organization
10.6.2 Establishing a local company
10.6.3 Foreign ownership
10.6.4 Types of license
10.6.5 Capital requirements
10.6.6 Solvency margins
10.6.7 Reserve requirements
10.6.8 Investment regulations
10.6.9 Statutory return requirements
10.6.10 Fee structure
10.7 Taxation
10.7.1 Insurance premium or policy taxation
10.7.2 Corporate tax
10.7.3 VAT
10.7.4 Captives
10.8 Legal System
10.8.1 Introduction
10.8.2 Access to court
10.8.3 Alternative dispute resolution (ADR)
11 Competitive Landscape and Strategic Insights
11.1 Overview
11.2 Leading Companies in the Indian Non-Life Insurance Segment
11.3 Comparison of Top Five Insurers
11.3.1 Gross written premium
11.3.2 Net earned premiums
11.3.3 Paid claims
11.3.4 Total investment income
11.4 New India Assurance Co. Ltd – Company Overview
11.4.1 New India Assurance Co. Ltd – key facts
11.4.2 New India Assurance Co. Ltd – key financials
11.5 United India Insurance Co. Ltd – Company Overview
11.5.1 United India Insurance Co. Ltd – key facts
11.5.2 United India Insurance Co. Ltd – key financials
11.6 National Insurance Co. Ltd – Company Overview
11.6.1 National Insurance Co. Ltd – key facts
11.6.2 National Insurance Co. Ltd – key financials
11.7 Oriental Insurance Company Ltd – Company Overview
11.7.1 Oriental Insurance Company Ltd – key facts
11.7.2 Oriental Insurance Company Ltd – key financials
11.8 ICICI Lombard General Insurance Co. Ltd – Company Overview
11.8.1 ICICI Lombard General Insurance Co. Ltd – key facts
11.8.2 ICICI Lombard General Insurance Co. Ltd – key financials
11.9 Bajaj Allianz General Insurance Co. Ltd – Company Overview
11.9.1 Bajaj Allianz General Insurance Co. Ltd – key facts
11.9.2 Bajaj Allianz General Insurance Co. Ltd – key financials
11.1 IFFCO-Tokio General Insurance Co. Ltd – Company Overview
11.10.1 IFFCO-Tokio General Insurance Co. Ltd – key facts
11.10.2 IFFCO-Tokio General Insurance Co. Ltd – key financials
11.11 Reliance General Insurance Company Ltd – Company Overview
11.11.1 Reliance General Insurance Company Ltd – key facts
11.11.2 Reliance General Insurance Company Ltd – key financials
11.12 Agriculture Insurance Company – Company Overview
11.12.1 Agriculture Insurance Company – key facts
11.12.2 Agriculture Insurance Company – key financials
11.13 HDFC Ergo General Insurance Company Ltd – Company Overview
11.13.1 HDFC Ergo General Insurance Company Ltd – key facts
11.13.2 HDFC Ergo General Insurance Company Ltd – key financials
12 Business Environment and Country Risk
12.1 Business Confidence
12.1.1 Market capitalization trend – Bombay Stock Exchange, India
12.2 Economic Performance
12.2.1 GDP at constant prices (US$)
12.2.2 GDP per capita at constant prices (US$)
12.2.3 GDP at current prices (US$)
12.2.4 GDP per capita at current prices (US$)
12.2.5 GDP by key segments
12.2.6 Agriculture, hunting, forestry and fishing net output at current prices (US$)
12.2.7 Agriculture, hunting, forestry and fishing net output at current prices as a percentage of GDP
12.2.8 Manufacturing net output at current prices (US$)
12.2.9 Manufacturing net output at current prices as a percentage of GDP
12.2.10 Mining, manufacturing and utilities at current prices (US$)
12.2.11 Mining, manufacturing and utilities at current prices, as percentage of GDP
12.2.12 Construction net output at current prices, (US$)
12.2.13 Construction net output at current prices as a percentage of GDP
12.2.14 Inflation rate
12.2.15 Exports as a percentage of GDP
12.2.16 Imports as a percentage of GDP
12.2.17 Exports growth
12.2.18 Imports growth
12.3 Infrastructure Quality and Availability
12.3.1 Commercial vehicles exports – total value
12.3.2 Commercial vehicles imports – total value
12.3.3 Automotive exports – total value
12.3.4 Automotive imports – total value
12.3.5 Total internet subscribers
12.4 Labor Force
12.4.1 Labor force
12.5 Demographics
12.5.1 Gross national disposable income (US$)
12.5.2 Total population
12.5.3 Urban and rural populations
12.5.4 Age distribution of the total population
13 Appendix
13.1 Methodology
13.2 Contact Timetric
13.3 About Timetric
13.4 Timetric's Services
13.5 Disclaimer


List of Tables
Table 1: Insurance Industry Definitions
Table 2: Indian Insurance – Overall Written Premium by Segment (INR Billion), 2008–2012
Table 3: Indian Insurance – Overall Written Premium by Segment (US$ Billion), 2008–2012
Table 4: Indian Insurance – Overall Written Premium by Segment (INR Billion), 2012–2017
Table 5: Indian Insurance – Overall Written Premium by Segment (US$ Billion), 2012–2017
Table 6: Indian Insurance – Segmentation (% Share), 2008–2017
Table 7: Indian Non-Life Insurance – Written Premium by Category (INR Billion), 2008–2012
Table 8: Indian Non-Life Insurance – Written Premium by Category (US$ Billion), 2008–2012
Table 9: Indian Non-Life Insurance – Written Premium by Category (INR Billion), 2012–2017
Table 10: Indian Non-Life Insurance – Written Premium by Category (US$ Billion), 2012–2017
Table 11: Indian Non-Life Insurance – Earned Premium (INR Billion), 2008–2012
Table 12: Indian Non-Life Insurance – Earned Premium (INR Billion), 2012–2017
Table 13: Indian Non-Life Insurance – Paid Claims by Category (INR Billion), 2008–2012
Table 14: Indian Non-Life Insurance – Paid Claims by Category (US$ Billion), 2008–2012
Table 15: Indian Non-Life Insurance – Paid Claims by Category (INR Billion), 2012–2017
Table 16: Indian Non-Life Insurance – Paid Claims by Category (US$ Billion), 2012–2017
Table 17: Indian Non-Life Insurance – Incurred Loss by Category (INR Billion), 2008–2012
Table 18: Indian Non-Life Insurance – Incurred Loss by Category (US$ Billion), 2008–2012
Table 19: Indian Non-Life Insurance – Incurred Loss by Category (INR Billion), 2012–2017
Table 20: Indian Non-Life Insurance – Incurred Loss by Category (US$ Billion), 2012–2017
Table 21: Indian Non-Life Insurance – Loss Ratio (%), 2008–2012
Table 22: Indian Non-Life Insurance – Loss Ratio (%), 2012–2017
Table 23: Indian Non-Life Insurance – Commission and Expenses (INR Billion), 2008–2012
Table 24: Indian Non-Life Insurance – Commission and Expenses (INR Billion), 2012–2017
Table 25: Indian Non-Life Insurance – Combined Ratio (%), 2008–2012
Table 26: Indian Non-Life Insurance – Combined Ratio (%), 2012–2017
Table 27: Indian Non-Life Insurance – Frauds and Crimes (INR Billion), 2008–2012
Table 28: Indian Non-Life Insurance – Frauds and Crimes (INR Billion), 2012–2017
Table 29: Indian Non-Life Insurance – Total Assets (INR Billion), 2008–2012
Table 30: Indian Non-Life Insurance – Total Assets (INR Billion), 2012–2017
Table 31: Indian Non-Life Insurance – Total Investment Income (INR Billion), 2008–2012
Table 32: Indian Non-Life Insurance – Total Investment Income (INR Billion), 2012–2017
Table 33: Indian Non-Life Insurance – Retentions (INR Billion), 2008–2012
Table 34: Indian Non-Life Insurance – Retentions (INR Billion), 2012–2017
Table 35: Indian Property Insurance – Written Premium by Sub-Category (INR Billion), 2008–2012
Table 36: Indian Property Insurance – Written Premium by Sub-Category (US$ Billion), 2008–2012
Table 37: Indian Property Insurance – Written Premium by Sub-Category (INR Billion), 2012–2017
Table 38: Indian Property Insurance – Written Premium by Sub-Category (US$ Billion), 2012–2017
Table 39: Indian Property Insurance – Loss Ratio (%), 2008–2012
Table 40: Indian Property Insurance – Loss Ratio (%), 2012–2017
Table 41: Indian Fire and Allied Perils Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 42: Indian Fire and Allied Perils Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 43: Indian Fire and Allied Perils Insurance – Written Premium (INR Billion), 2008–2012
Table 44: Indian Fire and Allied Perils Insurance – Written Premium (INR Billion), 2012–2017
Table 45: Indian Engineering Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 46: Indian Engineering Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 47: Indian Engineering Insurance – Written Premium (INR Billion), 2008–2012
Table 48: Indian Engineering Insurance – Written Premium (INR Billion), 2012–2017
Table 49: Indian Agriculture Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 50: Indian Agriculture Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 51: Indian Agriculture Insurance – Written Premium (INR Billion), 2008–2012
Table 52: Indian Agriculture Insurance – Written Premium (INR Billion), 2012–2017
Table 53: Indian Other Property Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 54: Indian Other Property Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 55: Indian Other Property Insurance – Written Premium (INR Billion), 2008–2012
Table 56: Indian Other Property Insurance – Written Premium (INR Billion), 2012–2017
Table 57: Indian Motor Insurance – Written Premium by Sub-Category (INR Billion), 2008–2012
Table 58: Indian Motor Insurance – Written Premium by Sub-Category (US$ Billion), 2008–2012
Table 59: Indian Motor Insurance – Written Premium by Sub-Category (INR Billion), 2012–2017
Table 60: Indian Motor Insurance – Written Premium by Sub-Category (US$ Billion), 2012–2017
Table 61: Indian Motor Insurance – Loss Ratio (%), 2008–2012
Table 62: Indian Motor Insurance – Loss Ratio (%), 2012–2017
Table 63: Indian Motor Hull Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 64: Indian Motor Hull Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 65: Indian Motor Hull Insurance – Written Premium (INR Billion), 2008–2012
Table 66: Indian Motor Hull Insurance – Written Premium (INR Billion), 2012–2017
Table 67: Indian Motor Third-Party Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 68: Indian Motor Third-Party Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 69: Indian Motor Third-Party Insurance – Written Premium (INR Billion), 2008–2012
Table 70: Indian Motor Third-Party Insurance – Written Premium (INR Billion), 2012–2017
Table 71: Indian General Third-Party Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 72: Indian General Third-Party Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 73: Indian General Third-Party Insurance – Written Premium (INR Billion), 2008–2012
Table 74: Indian General Third-Party Insurance – Written Premium (INR Billion), 2012–2017
Table 75: Indian General Third-Party Insurance – Loss Ratio (%), 2008–2012
Table 76: Indian General Third-Party Insurance – Loss Ratio (%), 2012–2017
Table 77: Indian Marine, Aviation and Transit Insurance – Written Premium by Sub-Category (INR Billion), 2008–2012
Table 78: Indian Marine, Aviation and Transit Insurance – Written Premium by Sub-Category (US$ Billion), 2008–2012
Table 79: Indian Marine, Aviation and Transit Insurance – Written Premium by Sub-Category (INR Billion), 2012–2017
Table 80: Indian Marine, Aviation and Transit Insurance – Written Premium by Sub-Category (US$ Billion), 2012–2017
Table 81: Indian Marine, Aviation and Transit Insurance – Loss Ratio (%), 2008–2012
Table 82: Indian Marine, Aviation and Transit Insurance – Loss Ratio (%), 2012–2017
Table 83: Indian Marine Insurance – Written Premium by Policy (INR Billion), 2008–2012
Table 84: Indian Marine Insurance – Written Premium by Policy (US$ Billion), 2008–2012
Table 85: Indian Marine Insurance – Written Premium by Policy (INR Billion), 2012–2017
Table 86: Indian Marine Insurance – Written Premium by Policy (US$ Billion), 2012–2017
Table 87: Indian Marine Hull Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 88: Indian Marine Hull Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 89: Indian Marine Hull Insurance – Written Premium (INR Billion), 2008–2012
Table 90: Indian Marine Hull Insurance – Written Premium (INR Billion), 2012–2017
Table 91: Indian Marine Third-Party Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 92: Indian Marine Third-Party Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 93: Indian Marine Third-Party Insurance – Written Premium (INR Billion), 2008–2012
Table 94: Indian Marine Third-Party Insurance – Written Premium (INR Billion), 2012–2017
Table 95: Indian Aviation Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 96: Indian Aviation Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 97: Indian Aviation Insurance – Written Premium (INR Billion), 2008–2012
Table 98: Indian Aviation Insurance – Written Premium (INR Billion), 2012–2017
Table 99: Indian Transit Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 100: Indian Transit Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 101: Indian Transit Insurance – Written Premium (INR Billion), 2008–2012
Table 102: Indian Transit Insurance – Written Premium (INR Billion), 2012–2017
Table 103: Indian Non-Life Insurance – Direct Marketing Commission Paid (INR Billion), 2008–2012
Table 104: Indian Non-Life Insurance – Direct Marketing Commission Paid (INR Billion), 2012–2017
Table 105: Indian Non-Life Insurance – Written Premium Through Direct Marketing (INR Billion), 2008–2012
Table 106: Indian Non-Life Insurance – Written Premium Through Direct Marketing (INR Billion), 2012–2017
Table 107: Indian Non-Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2008–2012
Table 108: Indian Non-Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2012–2017
Table 109: Indian Non-Life Insurance – Number of Direct Marketing Distributors, 2008–2012
Table 110: Indian Non-Life Insurance – Number of Direct Marketing Distributors, 2012–2017
Table 111: Indian Non-Life Insurance – Bancassurance Commission Paid (INR Billion), 2008–2012
Table 112: Indian Non-Life Insurance – Bancassurance Commission Paid (INR Billion), 2012–2017
Table 113: Indian Non-Life Insurance – Written Premium Through Bancassurance (INR Billion), 2008–2012
Table 114: Indian Non-Life Insurance – Written Premium Through Bancassurance (INR Billion), 2012–2017
Table 115: Indian Non-Life Insurance – Policies Sold Through Bancassurance (Thousand), 2008–2012
Table 116: Indian Non-Life Insurance – Policies Sold Through Bancassurance (Thousand), 2012–2017
Table 117: Indian Non-Life Insurance – Number of Bancassurance Distributors, 2008–2012
Table 118: Indian Non-Life Insurance – Number of Bancassurance Distributors, 2012–2017
Table 119: Indian Non-Life Insurance – Commission Paid to Agencies (INR Billion), 2008–2012
Table 120: Indian Non-Life Insurance – Commission Paid to Agencies (INR Billion), 2012–2017
Table 121: Indian Non-Life Insurance – Written Premium Through Agencies (INR Billion), 2008–2012
Table 122: Indian Non-Life Insurance – Written Premium Through Agencies (INR Billion), 2012–2017
Table 123: Indian Non-Life Insurance – Policies Sold Through Agencies (Thousand), 2008–2012
Table 124: Indian Non-Life Insurance – Policies Sold Through Agencies (Thousand), 2012–2017
Table 125: Indian Non-Life Insurance – Number of Agencies, 2008–2012
Table 126: Indian Non-Life Insurance – Number of Agencies, 2012–2017
Table 127: Indian Non-Life Insurance – E-Commerce Commission Paid (INR Billion), 2008–2012
Table 128: Indian Non-Life Insurance – E-Commerce Commission Paid (INR Billion), 2012–2017
Table 129: Indian Non-Life Insurance – Written Premium Through E-Commerce (INR Billion), 2008–2012
Table 130: Indian Non-Life Insurance – Written Premium Through E-Commerce (INR Billion), 2012–2017
Table 131: Indian Non-Life Insurance – Policies Sold Through E-Commerce (Thousand), 2008–2012
Table 132: Indian Non-Life Insurance – Policies Sold Through E-Commerce (Thousand), 2012–2017
Table 133: Indian Non-Life Insurance – Number of E-Commerce Distributors, 2008–2012
Table 134: Indian Non-Life Insurance – Number of E-Commerce Distributors, 2012–2017
Table 135: Indian Non-Life Insurance – Commission Paid to Brokers (INR Billion), 2008–2012
Table 136: Indian Non-Life Insurance – Commission Paid to Brokers (INR Billion), 2012–2017
Table 137: Indian Non-Life Insurance – Written Premium Through Brokers (INR Billion), 2008–2012
Table 138: Indian Non-Life Insurance – Written Premium Through Brokers (INR Billion), 2012–2017
Table 139: Indian Non-Life Insurance – Policies Sold Through Brokers (Thousand), 2008–2012
Table 140: Indian Non-Life Insurance – Policies Sold Through Brokers (Thousand), 2012–2017
Table 141: Indian Non-Life Insurance – Number of Brokers, 2008–2012
Table 142: Indian Non-Life Insurance – Number of Brokers, 2012–2017
Table 143: Indian Non-Life Insurance – Commission Paid to Other Channels (INR Billion), 2008–2012
Table 144: Indian Non-Life Insurance – Commission Paid to Other Channels (INR Billion), 2012–2017
Table 145: Indian Non-Life Insurance – Written Premium Through Other Channels (INR Billion), 2008–2012
Table 146: Indian Non-Life Insurance – Written Premium Through Other Channels (INR Billion), 2012–2017
Table 147: Indian Non-Life Insurance – Policies Sold Through Other Channels (Thousand), 2008–2012
Table 148: Indian Non-Life Insurance – Policies Sold Through Other Channels (Thousand), 2012–2017
Table 149: Indian Non-Life Insurance – Number of Distributors in Other Channels, 2008–2012
Table 150: Indian Non-Life Insurance – Number of Distributors in Other Channels, 2012–2017
Table 151: Indian Reinsurance in India by Category (INR Billion), 2008–2012
Table 152: Indian Reinsurance in India by Category (US$ Billion), 2008–2012
Table 153: Indian Reinsurance in India by Category (INR Billion), 2012–2017
Table 154: Indian Reinsurance in India by Category (US$ Billion), 2012–2017
Table 155: Indian Premium Ceded to Reinsurance by Type of Insurance (INR Billion), 2008–2012
Table 156: Indian Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2008–2012
Table 157: Indian Premium Ceded to Reinsurance by Type of Insurance (INR Billion), 2012–2017
Table 158: Indian Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2012–2017
Table 159: Indian Non-Life Insurance – Percentage of Reinsurance Ceded, 2008–2012
Table 160: Indian Non-Life Insurance – Percentage of Reinsurance Ceded, 2012–2017
Table 161: India – Life Insurance Regulatory Framework
Table 162: India – Property Insurance Regulatory Framework
Table 163: India – Motor Insurance Regulatory Framework
Table 164: India – Premium Rates for Third-Party (TP) Liability Insurance
Table 165: India – Corporate Income Tax Rates for the Financial Year 2013 – 2014
Table 166: India – Other Corporate Tax Rates for the Financial Year 2012–2013
Table 167: India – Changes in Corporate Tax Rates on Implementation of DTC
Table 168: Shares of Key Insurers in the Indian Non-Life Insurance Segment (%), 2012
Table 169: New India Assurance Co. Ltd, Key Facts
Table 170: New India Assurance Co. Ltd, Key Financials (INR Million),2008-2012
Table 171: United India Insurance Co. Ltd, Key Facts
Table 172: United India Insurance Co. Ltd, Key Financials (INR Million),2008-2012
Table 173: National Insurance Co. Ltd, Key Facts
Table 174: National Insurance Co. Ltd, Key Financials (INR Million),2008-2012
Table 175: Oriental Insurance Company Ltd, Key Facts
Table 176: Oriental Insurance Company Ltd, Key Financials (INR Million)
Table 177: ICICI Lombard General Insurance Co. Ltd, Key Facts
Table 178: ICICI Lombard General Insurance Co. Ltd, Key Financials (INR Million),2008-2012
Table 179: Bajaj Allianz General Insurance Co. Ltd, Key Facts
Table 180: Bajaj Allianz General Insurance Co. Ltd, Key Financials (INR Million),2008-2012
Table 181: IFFCO-Tokio General Insurance Co. Ltd, Key Facts
Table 182: IFFCO-Tokio General Insurance Co. Ltd, Key Financials (INR Million),2008-2012
Table 183: Reliance General Insurance Company Ltd, Key Facts
Table 184: Reliance General Insurance Company Ltd, Key Financials (INR Million),2008-2012
Table 185: Agriculture Insurance company, Key Facts
Table 186: Agriculture Insurance Company, Key Financials (INR Million),2008-2012
Table 187: HDFC Ergo General Insurance Company Ltd, Key Facts
Table 188: HDFC Ergo General Insurance Company Ltd, Key Financials (INR Million),2008-2012


List of Figures
Figure 1: BRICS Region – A Snapshot of the Economies and Populations, 2011
Figure 2: BRICS Region – Growth Trends in the Insurance Industry
Figure 3: BRICS Region – GDP at Constant Prices (US$ Trillion) and Annual Per Capita Disposable Income (US$), 2007 and 2011
Figure 4: BRICS Region – Health Expenditure Per Capita (US$), 2007 and 2011
Figure 5: BRICS Insurance – Total Industry Values by Segment (US$ Billion), 2011
Figure 6: BRICS Non-Life Insurance – Growth Trends, 2007–2016
Figure 7: BRICS Non-Life Insurance – Gross Written Premiums (US$ Billion), 2011
Figure 8: BRICS Non-Life Insurance – Premium Per Capita (US$), 2011
Figure 9: BRICS Non-Life Insurance – Penetration (% of GDP), 2011 and 2016
Figure 10: BRICS Non-Life Insurance – Gross Written Premium Growth (%), 2007–2016
Figure 11: BRICS Non-Life Insurance – Gross Written Premium per Capita Growth (%)
Figure 12: BRICS Non-Life Insurance – Loss Ratios (%), 2011 and 2016
Figure 13: BRICS Non-Life Insurance – Combined Ratios (%), 2011 and 2016
Figure 14: BRICS Non-Life Insurance – Incurred Losses per Capita (US$), 2011 and 2016
Figure 15: BRICS Non-Life Insurance – Incurred Losses as a Percentage of GDP (%), 2011 and 2016
Figure 16: BRICS Direct Marketing – Share of Non-Life Insurance Gross Written Premium (%), 2007–2016
Figure 17: BRICS Bancassurance – Share of Non-Life Insurance Gross Written Premium (%), 2007–2016
Figure 18: BRICS Agencies – Share of Non-Life Insurance Gross Written Premium (%), 2007–2016
Figure 19: Indian Insurance – Overall Written Premium by Segment (INR Billion), 2008–2017
Figure 20: Indian Insurance – Dynamics by Segment (%), 2008–2017
Figure 21: Indian Non-Life Insurance – Written Premium by Category (INR Billion), 2008–2017
Figure 22: Indian Non-Life Insurance – Written Premium by Category (% Share), 2012 and 2017
Figure 23: Indian Non-Life Insurance – Dynamics by Category (%), 2008–2017
Figure 24: Indian Non-Life Insurance – Earned Premium (INR Billion), 2008–2012
Figure 25: Indian Non-Life Insurance – Earned Premium (INR Billion), 2012–2017
Figure 26: Indian Non-Life Insurance – Paid Claims by Category (INR Billion), 2008–2017
Figure 27: Indian Non-Life Insurance – Incurred Loss by Category (INR Billion), 2008–2017
Figure 28: Indian Non-Life Insurance – Loss Ratio (%), 2008–2012
Figure 29: Indian Non-Life Insurance – Loss Ratio (%), 2012–2017
Figure 30: Indian Non-Life Insurance – Commission and Expenses (INR Billion), 2008–2012
Figure 31: Indian Non-Life Insurance – Commission and Expenses (INR Billion), 2012–2017
Figure 32: Indian Non-Life Insurance – Combined Ratio (%), 2008–2012
Figure 33: Indian Non-Life Insurance – Combined Ratio (%), 2012–2017
Figure 34: Indian Non-Life Insurance – Frauds and Crimes (INR Billion), 2008–2012
Figure 35: Indian Non-Life Insurance – Frauds and Crimes (INR Billion), 2012–2017
Figure 36: Indian Non-Life Insurance – Total Assets (INR Billion), 2008–2012
Figure 37: Indian Non-Life Insurance – Total Assets (INR Billion), 2012–2017
Figure 38: Indian Non-Life Insurance – Total Investment Income (INR Billion), 2008–2012
Figure 39: Indian Non-Life Insurance – Total Investment Income (INR Billion), 2012–2017
Figure 40: Indian Non-Life Insurance – Retentions (INR Billion), 2008–2012
Figure 41: Indian Non-Life Insurance – Retentions (INR Billion), 2012–2017
Figure 42: Indian Non-Life Insurance – Investment Portfolio (INR Billion), 2008–2012
Figure 43: Indian Non-Life Insurance – Investment Portfolio (% Share), 2008 and 2012
Figure 44: Indian Non-Life Insurance – Penetration (% of GDP), 2008–2012
Figure 45: Indian Non-Life Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 46: Indian Non-Life Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 47: Indian Non-Life Insurance – Premium Per Capita (INR), 2008–2012
Figure 48: Indian Property Insurance – Written Premium by Sub-Category (INR Billion), 2008–2017
Figure 49: Indian Property Insurance – Dynamics by Sub-Category (%), 2008–2017
Figure 50: Indian Property Insurance – Loss Ratio (%), 2008–2012
Figure 51: Indian Property Insurance – Loss Ratio (%), 2012–2017
Figure 52: Indian Fire and Allied Perils Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 53: Indian Fire and Allied Perils Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 54: Indian Fire and Allied Perils Insurance – Written Premium (INR Billion), 2008–2012
Figure 55: Indian Fire and Allied Perils Insurance – Written Premium (INR Billion), 2012–2017
Figure 56: Indian Engineering Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 57: Indian Engineering Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 58: Indian Engineering Insurance – Written Premium (INR Billion), 2008–2012
Figure 59: Indian Engineering Insurance – Written Premium (INR Billion), 2012–2017
Figure 60: Indian Agriculture Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 61: Indian Agriculture Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 62: Indian Agriculture Insurance – Written Premium (INR Billion), 2008–2012
Figure 63: Indian Agriculture Insurance – Written Premium (INR Billion), 2012–2017
Figure 64: Indian Other Property Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 65: Indian Other Property Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 66: Indian Other Property Insurance – Written Premium (INR Billion), 2008–2012
Figure 67: Indian Other Property Insurance – Written Premium (INR Billion), 2012–2017
Figure 68: Indian Motor Insurance – Written Premium by Sub-Category (INR Billion), 2008–2017
Figure 69: Indian Motor Insurance – Dynamics by Sub-Category, 2008–2017
Figure 70: Indian Motor Insurance – Loss Ratio (%), 2008–2012
Figure 71: Indian Motor Insurance – Loss Ratio (%), 2012–2017
Figure 72: Indian Motor Hull Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 73: Indian Motor Hull Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 74: Indian Motor Hull Insurance – Written Premium (INR Billion), 2008–2012
Figure 75: Indian Motor Hull Insurance – Written Premium (INR Billion), 2012–2017
Figure 76: Indian Motor Third-Party Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 77: Indian Motor Third-Party Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 78: Indian Motor Third-Party Insurance – Written Premium (INR Billion), 2008–2012
Figure 79: Indian Motor Third-Party Insurance – Written Premium (INR Billion), 2012–2017
Figure 80: Indian General Third-Party Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 81: Indian General Third-Party Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 82: Indian General Third-Party Insurance – Written Premium (INR Billion), 2008–2012
Figure 83: Indian General Third-Party Insurance – Written Premium (INR Billion), 2012–2017
Figure 84: Indian General Third-Party Insurance – Loss Ratio (%), 2008–2012
Figure 85: Indian General Third-Party Insurance – Loss Ratio (%), 2012–2017
Figure 86: Indian Marine, Aviation and Transit Insurance – Written Premium by Sub-Category (INR Billion), 2008–2017
Figure 87: Indian Marine, Aviation and Transit Insurance – Dynamics by Sub-Category (%), 2008–2017
Figure 88: Indian Marine, Aviation and Transit Insurance – Loss Ratio (%), 2008–2012
Figure 89: Indian Marine, Aviation and Transit Insurance – Loss Ratio (%), 2012–2017
Figure 90: Indian Marine Insurance – Written Premium by Policy (INR Billion), 2008–2017
Figure 91: Indian Marine Insurance – Dynamics by Policy (%), 2008–2017
Figure 92: Indian Marine Hull Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 93: Indian Marine Hull Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 94: Indian Marine Hull Insurance – Written Premium (INR Billion), 2008–2012
Figure 95: Indian Marine Hull Insurance – Written Premium (INR Billion), 2012–2017
Figure 96: Indian Marine Third-Party Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 97: Indian Marine Third-Party Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 98: Indian Marine Third-Party Insurance – Written Premium (INR Billion), 2008–2012
Figure 99: Indian Marine Third-Party Insurance – Written Premium (INR Billion), 2012–2017
Figure 100: Indian Aviation Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 101: Indian Aviation Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 102: Indian Aviation Insurance – Written Premium (INR Billion), 2008–2012
Figure 103: Indian Aviation Insurance – Written Premium (INR Billion), 2012–2017
Figure 104: Indian Transit Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 105: Indian Transit Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 106: Indian Transit Insurance – Written Premium (INR Billion), 2008–2012
Figure 107: Indian Transit Insurance – Written Premium (INR Billion), 2012–2017
Figure 108: Indian Non-Life Insurance – Written Premium by Distribution Channel (% Share), 2012 and 2017
Figure 109: Indian Non-Life Insurance – Direct Marketing Commission Paid (INR Billion), 2008–2012
Figure 110: Indian Non-Life Insurance – Direct Marketing Commission Paid (INR Billion), 2012–2017
Figure 111: Indian Non-Life Insurance – Written Premium Through Direct Marketing (INR Billion), 2008–2012
Figure 112: Indian Non-Life Insurance – Written Premium Through Direct Marketing (INR Billion), 2012–2017
Figure 113: Indian Non-Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2008–2012
Figure 114: Indian Non-Life Insura


Read the full report:
Non-Life Insurance in India, Key Trends and Opportunities to 2017
http://www.reportbuyer.com/banking_finance/insurance/life/non_life_insur...

For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: [email protected]
Tel: +44 208 816 85 48
Website: www.reportbuyer.com

 

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