New Market Report Now Available: Non-Life Insurance in India, Key Trends and Opportunities to 2017

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.

Full Report Details at
- http://www.fastmr.com/prod/709610_nonlife_insurance_in_india_key_trends_and.aspx?afid=301

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.

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 Get this Report

* 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

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For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

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