Non-Life Insurance in India, Key Trends and Opportunities to 2020

Sep, 2016   |   185  Pages   |   Timetric   |   Format : PDF
Synopsis
'Non-Life Insurance in India Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Indian non-life insurance segment, and a comparison of the Indian insurance industry with its regional counterparts.

It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (20112015) and forecast period (20152020).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Indian economy and demographics, explains the various types of natural hazard and their impact on the Indian insurance industry, and provides detailed information on the competitive landscape in the country.

The report brings together Timetrics research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary
'Non-Life Insurance in India Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Indian non-life insurance segment, including:

- The Indian non-life segments detailed outlook by product
Table of Contents
1 Key Facts and Highlights
2 Executive Summary
3 Economy and Demographics
4 Segment Outlook
4.1 Regional Comparison
4.2 Segment Indicators
4.2.1 Gross written premium and penetration
4.2.2 Policies sold
4.2.3 Claims
4.2.4 Profitability
4.2.5 Assets and investments
5 Outlook by Category
5.1 Property Insurance
5.1.1 Product overview
5.1.2 Premium
5.1.3 Policies sold
5.1.4 Claims
5.1.5 Profitability
5.2 Motor Insurance
5.2.1 Product overview
5.2.2 Premium
5.2.3 Policies sold
5.2.4 Claims
5.2.5 Profitability
5.3 Liability Insurance
5.3.1 Product overview
5.3.2 Premium
5.3.3 Policies sold
5.3.4 Claims
5.3.5 Profitability
5.4 Marine, Aviation and Transit Insurance
5.4.1 Product overview
5.4.2 Premium
5.4.3 Policies sold
5.4.4 Claims
5.4.5 Profitability
6 Distribution Channel Outlook
6.1 Analysis by Distribution Channel
6.1.1 Agencies
6.1.2 Direct marketing
6.1.3 Brokers
6.1.4 Bancassurance
6.1.5 E-commerce
6.1.6 Other channels
7 Natural Hazards
7.1 Flooding
7.2 Earthquakes
7.3 Droughts
7.4 Extreme temperatures
7.5 Hailstorms
7.6 Cyclones
7.7 Exposure
8 Competitive Landscape
8.1 Overview
8.2 Company Profiles
8.2.1 The New India Assurance Company Ltd company overview
8.2.2 National Insurance Company Ltd company overview
8.2.3 United India Insurance Company Ltd company overview
8.2.4 The Oriental Insurance Company Ltd company overview
8.2.5 ICICI Lombard General Insurance Company Ltd company overview
9 Governance, Risk and Compliance
9.1 Legislation Overview and Historical Evolution
9.2 Latest Changes in Regulation
9.3 Legislation and Market Practice by Type of Insurance
9.3.1 Life Insurance
9.3.2 Property Insurance
9.3.3 Motor Insurance
9.3.4 Liability insurance
9.3.5 Marine, aviation and transit insurance
9.3.6 Personal accident and health insurance
9.4 Compulsory Insurance
9.4.1 Third-party liability insurance for owner of hazardous facilities
9.4.2 Motor third party liability insurance
9.4.3 Professional indemnity insurance for insurance brokers and web aggregators
9.4.4 Workmen's compensation insurance/employers liability insurance
9.4.5 Professional indemnity insurance for stock brokers
9.4.6 Aviation carriers' liability insurance
9.5 Supervision and Control
9.5.1 International Association of Insurance Supervisors
9.5.2 Insurance Regulatory and Development Authority of India
9.5.3 The Life Insurance Council
9.5.4 The General Insurance (GI) Council
9.6 Non-Admitted Insurance Regulations
9.6.1 Overview
9.6.2 Intermediaries
9.6.3 Market practices
9.6.4 Fines and Penalties
9.7 Company Registration and Operations
9.7.1 Type of insurance organization
9.7.2 Establishing a local company
9.7.3 Foreign ownership
9.7.4 Types of license
9.7.5 Capital requirements
9.7.6 Solvency margin
9.7.7 Reserve requirements
9.7.8 Investment regulations
9.7.9 Statutory return requirements
9.7.10 Fee structure
9.8 Taxation
9.8.1 Insurance premium or policy taxation
9.8.2 Withholding taxes on premium paid overseas
9.8.3 Corporate tax
9.8.4 VAT
9.8.5 Captives
9.9 Legal System
9.9.1 Introduction
9.9.2 Access to court
9.9.3 Alternative dispute resolution (ADR)
10 Databook
10.1 Policies and Premium
10.2 Claims and Expenses
10.3 Assets and Investments
10.4 Direct Marketing and E-Commerce
10.5 Insurance Brokers and Agencies
10.6 Bancassurance and Other Distribution Channels
10.7 Property Insurance
10.8 Property Insurance by Product
10.9 Motor Insurance
10.1 Motor Insurance by Product
10.11 Liability Insurance
10.12 Marine, Aviation and Transit Insurance
11 Definitions and Methodology
11.1 Definitions
11.2 Methodology
12 About Timetric
12.1 Contact Timetric
12.2 About Timetric
12.3 Timetrics Services
12.4 Disclaimer

List of Tables
Table 1: Indian Non-Life Insurance Key Facts, 2015
Table 2: Indian Non-Life Insurance Segment Shares of the Top Insurers, 2015
Table 3: BRICS Region Real GDP (US$ Billion), 2015
Table 4: Indian Government Credit Ratings
Table 5: Indian Non-Life Insurance Gross Written Premium (INR Billion and US$ Billion), 20112015
Table 6: Indian Non-Life Insurance Penetration (%), 20112015
Table 7: Indian Non-Life Insurance Gross Written Premium (INR Billion and US$ Billion), 20152020
Table 8: Indian Non-Life Insurance Penetration (%), 20152020
Table 9: Indian Non-Life Insurance Premium per Capita (INR and US$), 20112015
Table 10: Indian Non-Life Insurance Premium per Capita (INR and US$), 20152020
Table 11: Indian Non-Life Insurance Number of Policies Sold (Million), 20112015
Table 12: Indian Non-Life Insurance Number of Policies Sold (Million), 20152020
Table 13: Indian Non-Life Insurance Paid Claims (INR Billion and US$ Billion), 20112015
Table 14: Indian Non-Life Insurance Paid Claims (INR Billion and US$ Billion), 20152020
Table 15: Indian Non-Life Insurance Profitability Ratio (%), 20112015
Table 16: Indian Non-Life Insurance Profitability Ratio (%), 20152020
Table 17: Indian Non-Life Insurance Total Assets (INR Billion and US$ Billion), 20112015
Table 18: Indian Non-Life Insurance Total Assets (INR Billion and US$ Billion), 20152020
Table 19: Indian Non-Life Insurance Total Investment Income (INR Billion and US$ Billion), 20112015
Table 20: Indian Non-Life Insurance Total Investment Income (INR Billion and US$ Billion), 20152020
Table 21: Indian Non-Life Insurance Investment Portfolio (INR Billion), 20112015
Table 22: Indian Non-Life Insurance Investment Portfolio (INR Billion), 20152020
Table 23: Indian Non-Life Insurance Gross Written Premium by Category (INR Billion),20112015
Table 24: Indian Non-Life Insurance Gross Written Premium by Category (INR Billion), 20152020
Table 25: Indian Property Insurance Communal Violence, 20132015
Table 26: Indian Property Insurance Direct Written Premium by Sub-Category (INR Billion), 20112015
Table 27: Indian Property Insurance Direct Written Premium by Sub-Category (INR Billion), 20152020
Table 28: Indian Property Insurance Number of Policies Sold by Sub-Category (Thousand), 20112015
Table 29: Indian Property Insurance Number of Policies Sold by Sub-Category (Thousand), 20152020
Table 30: Indian Property Insurance Paid Claims (INR Billion and US$ Billion), 20112015
Table 31: Indian Property Insurance Paid Claims (INR Billion and US$ Billion), 20152020
Table 32: Indian Property Insurance Loss Ratio (%), 20112015
Table 33: Indian Property Insurance Loss Ratio (%), 20152020
Table 34: Indian Motor Insurance Increase in Motor Third-Party Liability Premium Rate (%)
Table 35: Indian Motor Insurance Motor Vehicle Bill 2016 Amendments
Table 36: Indian Motor Insurance Direct Written Premium by Sub-Category (INR Billion), 20112015
Table 37: Indian Motor Insurance Direct Written Premium by Sub-Category (INR Billion), 20152020
Table 38: Indian Motor Insurance Number of Policies Sold by Sub-Category (Million), 20112015
Table 39: Indian Motor Insurance Number of Policies Sold by Sub-Category (Million), 20152020
Table 40: Indian Motor Insurance Paid Claims (INR Billion and US$ Billion), 20112015
Table 41: Indian Motor Insurance Paid Claims (INR Billion and US$ Billion), 20152020
Table 42: Indian Motor Insurance Loss Ratio (%), 20112015
Table 43: Indian Motor Insurance Loss Ratio (%), 20152020
Table 44: Indian Liability Insurance Direct Written Premium by Sub-Category (INR Billion), 20112015
Table 45: Indian Liability Insurance Direct Written Premium by Sub-Category (INR Billion), 20152020
Table 46: Indian Liability Insurance Number of Policies Sold (Thousand), 20112015
Table 47: Indian Liability Insurance Number of Policies Sold (Thousand), 20152020
Table 48: Indian Liability Insurance Paid Claims (INR Million and US$ Million), 20112015
Table 49: Indian Liability Insurance Paid Claims (INR Million and US$ Million), 20152020
Table 50: Indian Liability Insurance Loss Ratio (%), 20112015
Table 51: Indian Liability Insurance Loss Ratio (%), 20152020
Table 52: Indian Non-Life Insurance Number of Vessels, 20112015
Table 53: Indian Non-Life Insurance Fleet (Gross Registered Tonnage), 20112015
Table 54: Indian Marine, Aviation and Transit Insurance Direct Written Premium by Sub-Category (INR Billion), 20112015
Table 55: Indian Marine, Aviation and Transit Insurance Direct Written Premium by Sub-Category (INR Billion), 20152020
Table 56: Indian Marine, Aviation and Transit Insurance Number of Policies Sold (Thousand), 20112015
Table 57: Indian Marine, Aviation and Transit Insurance Number of Policies Sold (Thousand), 20152020
Table 58: Indian Marine, Aviation and Transit Insurance Paid Claims (INR Million and US$ Million), 20112015
Table 59: Indian Marine, Aviation and Transit Insurance Paid Claims (INR Million and US$ Million), 20152020
Table 60: Indian Marine, Aviation and Transit Insurance Loss Ratio (%), 20112015
Table 61: Indian Marine, Aviation and Transit Insurance Loss Ratio (%), 20152020
Table 62: Indian Non-Life Insurance Direct Written Premium by Distribution Channel (INR Billion), 20112015
Table 63: Indian Non-Life Insurance Direct Written Premium by Distribution Channel (INR Billion), 20152020
Table 64: Indian Non-Life Insurance Percentage of Direct Written Premium Ceded, by Distribution Channel, 20112020
Table65: Indian Non-Life Insurance Segment Shares of Leading Insurers (%), 2015
Table 66: The New India Assurance Company Ltd Key Facts
Table 67: The New India Assurance Company Ltd Key Financials (INR Million), 20112015
Table 68: National Insurance Company Ltd Key Facts
Table 69: National Insurance Company Ltd Key Financials (INR Million), 20112015
Table 70: United India Insurance Company Ltd Key Facts
Table 71: United India Insurance Company Ltd Key Financials (INR Million), 20112015
Table 72: The Oriental Insurance Company Ltd Key Facts
Table 73: The Oriental Insurance Company Ltd Key Financials (INR Million), 20112015
Table 74: ICICI Lombard General Insurance Company Ltd Key Facts
Table 75: ICICI Lombard General Insurance Company Ltd Key Financials (INR Million), 20112015
Table76: India Insurance Regulatory Framework Key Features
Table77: India Sum Insured or Premium Limit for Electronic Policies
Table78: India Percentage of Allowable Expenses
Table79: India Commission Payable on Non-Life Insurance Policy
Table80: India Life Insurance Regulatory Framework
Table81: India Commission Payable on Single Premium Life Policy
Table82: India Commission Payable on Regular Premium Life Policy
Table83: India Property Insurance Regulatory Framework
Table84: India Compulsory Cession Limits
Table85: India Motor Insurance Regulatory Framework
Table86: India Liability Insurance Regulatory Framework
Table87: India Commission Payable on Health Insurance Policies Offered by Life Insurers
Table88: India Commission Payable on Health Retail Insurance Policy
Table89: India Commission Payable on Health Group Insurance Policy
Table90: India Premium Rates for ThirdParty (TP) Liability Insurance
Table91: India Employee Compensation Benefits
Table92: India Factors for Calculation of Required Solvency Margin
Table93: India Surcharge for the Financial Year 2016
Table94: India Other Corporate Tax Rates for the Financial Year 2016
Table 95: Indian Insurance Industry Policies and Premium, 20112015
Table 96: Indian Insurance Industry Policies and Premium, 20152020
Table 97: Indian Non-Life Insurance Claims and Expenses, 20112015
Table 98: Indian Non-Life Insurance Claims and Expenses, 20152020
Table 99: Indian Non-Life Insurance Assets and Investments, 20112015
Table 100: Indian Non-Life Insurance Assets and Investments, 20152020
Table 101: Indian Non-Life Insurance Direct Marketing and E-Commerce, 20112015
Table 102: Indian Non-Life Insurance Direct Marketing and E-Commerce, 20152020
Table 103: Indian Non-Life Insurance Insurance Brokers and Agencies, 20112015
Table 104: Indian Non-Life Insurance Insurance Brokers and Agencies, 20152020
Table 105: Indian Non-Life Insurance Bancassurance and Other Distribution Channels, 20112015
Table 106: Indian Non-Life Insurance Bancassurance and Other Distribution Channels, 20152020
Table 107: Indian Non-Life Insurance Property Insurance, 20112015
Table 108: Indian Non-Life Insurance Property Insurance, 20152020
Table 109: Indian Non-Life Insurance Property Insurance by Product, 20112015
Table 110: Indian Non-Life Insurance Property Insurance by Product, 20152020
Table 111: Indian Non-Life Insurance Motor Insurance, 20112015
Table 112: Indian Non-Life Insurance Motor Insurance, 20152020
Table 113: Indian Non-Life Insurance Motor Insurance by Product, 20112015
Table 114: Indian Non-Life Insurance Motor Insurance by Product, 20152020
Table 115: Indian Non-Life Insurance Liability Insurance, 20112015
Table 116: Indian Non-Life Insurance Liability Insurance, 20152020
Table 117: Indian Non-Life Insurance Marine, Aviation and Transit Insurance, 20112015
Table 118: Indian Non-Life Insurance Marine, Aviation and Transit Insurance, 20152020
Table 119: Insurance Industry Definitions

List of Figures
Figure 1: Indian Real GDP (INR Trillion), 20112020
Figure 2: Indian Consumer Price Inflation (%), 20112020
Figure 3: Indian Current Account Balance as Percentage of GDP (%), 20112020
Figure 4: INRUS$ Exchange Rate, 20112020
Figure 5: Indian Unemployment Rate (%), 20112020
Figure 6: Indian Population by Age Group, 19912025
Figure 7: Indian Non-Life Insurance Penetration Regional Comparison (%), 2015
Figure 8: Indian Insurance Segment Direct Written Premium Shares Regional Comparison (%), 2015
Figure 9: Indian Non-Life Insurance Gross Written Premium (INR Billion), 20112020
Figure 10: Indian Non-Life Insurance Penetration (%), 20112020
Figure 11: Indian Non-Life Insurance Premium per Capita (INR), 20112020
Figure 12: Indian Non-Life Insurance Number of Policies Sold (Million), 20112020
Figure 13: Indian Non-Life Insurance Paid Claims (INR Billion), 20112020
Figure 14: Indian Non-Life Insurance Profitability Ratio (%), 20112020
Figure 15: Indian Non-Life Insurance Total Assets (INR Billion), 20112020
Figure 16: Indian Non-Life Insurance Total Investment Income (INR Billion), 20112020
Figure 17: Indian Non-Life Insurance Investment Portfolio (INR Billion), 20112020
Figure 18: Indian Non-Life Insurance Investment Portfolio Dynamics by Category, 20112020
Figure 19: Indian Non-Life Insurance Gross Written Premium by Category (INR Billion), 20112020
Figure 20: Indian Non-Life Insurance Gross Written Premium Dynamics by Category, 20112020
Figure 21: Indian Property Insurance Construction Value Output by Category (INR Billion), 20112015
Figure 22: Indian Property Insurance Communal Violence by State, 2015
Figure 23: Indian Property Insurance Direct Written Premium by Sub-Category (INR Billion), 20112020
Figure 24: Indian Property Insurance Direct Written Premium Dynamics by Sub-Category, 20112020
Figure 25: Indian Property Insurance Number of Policies Sold by Sub-Category (Thousand), 20112020
Figure 26: Indian Property Insurance Paid Claims (INR Billion), 20112020
Figure 27: Indian Property Insurance Earned Premium, Incurred Loss and Loss Ratio (INR Billion and %), 20112020
Figure 28: Indian Motor Insurance Automobile Production and Sales, 20112015
Figure 29: Indian Motor Insurance Automobile Production and Sales, 20112015
Figure 30: Indian Motor Insurance Direct Written Premium by Sub-Category (INR Billion), 20112020
Figure 31: Indian Motor Insurance Direct Written Premium Dynamics by Sub-Category, 20112020
Figure 32: Indian Motor Insurance Number of Policies Sold by Sub-Category (Million), 20112020
Figure 33: Indian Motor Insurance Paid Claims (INR Billion), 20112020
Figure 34: Indian Motor Insurance Earned Premium, Incurred Loss and Loss Ratio (INR Billion and %), 20112020
Figure 35: Indian Liability Insurance Number of Offences Under IT Act, 20112014
Figure 36: Indian Liability Insurance Direct Written Premium (INR Billion), 20112020
Figure 37: Indian Liability Insurance Number of Policies Sold (Thousand), 20112020
Figure 38: Indian Liability Insurance Paid Claims (INR Billion), 20112020
Figure 39: Indian Liability Insurance Earned Premium, Incurred Loss and Loss Ratio (INR Billion and %), 20112020
Figure 40: Indian Aviation Insurance Passenger Traffic, 20112015
Figure 41: Indian Aviation Insurance Passenger Traffic, 20112015
Figure 42: Indian Marine, Aviation and Transit Insurance Direct Written Premium (INR Billion), 20112020
Figure 43: Indian Marine, Aviation and Transit Insurance Number of Policies Sold (Million), 20112020
Figure 44: Indian Marine, Aviation and Transit Insurance Paid Claims (INR Billion), 20112020
Figure 45: Indian Marine, Aviation and Transit Insurance Earned Premium, Incurred Loss and Loss Ratio (INR Billion and %), 20112020
Figure 46: Indian Non-Life Insurance Direct Written Premium by Distribution Channel (%), 2011, 2015 and 2020
Figure 47: India Frequency of Hazards by Type, 19902014
Figure 48: Indian Mortality by Hazards Type, 19902014
Figure 49: Indian Economic Loss by Hazards Type, 19902014
Figure 50: Indian Non-Life Insurance Segment Shares of Leading Insurers (%), 2015
Figure 51: India Insurance Supervision and Control at Various Levels
Figure 52: India Insurance Regulatory Frameworks for Company Registration and Operation
Figure 53: India Judiciary System

Select a Licence type

Custom Research

We are known to provide exact requirements. Try our CUSTOM RESEARCH option and get the exact search result you are searching for.

Contact Us

Postal Address:
808, Real Tech Park, 8th Floor, Sector - 30A, Vashi, Navi Mumbai - 400703 , INDIA .
Telephone: +91 22 27810772, 27810773
Email: info@marketreportsonindia.com
Fax Number: +91 22 27812707

Follow Us On: