Non-Life Insurance in India Key Trends and Opportunities to 2016: Improving Infrastructure and Rising Disposable Income Will Drive Market Growth

Synopsis
The report provides top-level market analysis, information and insights into the Indian non-life insurance market, including:
- The Indian non-life insurance market’s growth prospects by non-life insurance categories
- The various distribution channels in the Indian non-life insurance market
- The competitive landscape in the non-life insurance market in India
- A description of the non-life reinsurance market in India

Summary
Despite the global economic crisis, the Indian non-life insurance market has continued to grow at a healthy rate. The market is, at present, dominated by public-sector insurers; all the private non-life insurers together account for less than half the total non-life insurance written premium. Public-sector insurers are expected to dominate the market over the forecast period, while private non-life insurers are expected to gradually increase their market shares. Although the Indian non-life insurance market has seen rapid growth over the 2007–2011 review period, it remains largely underpenetrated because of various limitations, such as low awareness, low penetration in rural areas, and lack of a robust distribution model.

Scope
This report provides a comprehensive analysis of the non-life insurance market in India:
- It provides historical values for India’s non-life insurance market for the report’s 2007–2011 review period and forecast figures for the 2012–2016 forecast period
- It offers a detailed analysis of the key sub-segments in India’s non-life insurance market, along with market forecasts until 2016
- 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 market in India and its growth prospects
- It profiles the top life insurance companies in India, and outlines the key regulations affecting them

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

Key Highlights
- Despite the global economic crisis, the Indian non-life insurance market continued to grow at a healthy rate during the review period (2007–2011)
- Although the Indian non-life insurance market has grown rapidly during the review period, it remains largely underpenetrated because of various limitations, such as the poor awareness of the benefits of non-life insurance, the low penetration in rural areas, and lack of an effective distribution model
- The market is dominated by public-sector insurers, and the combined market value of all the private non-life insurers is less than half of the total non-life insurance written premium
- 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 market

Executive Summary

Despite the global economic crisis, the Indian non-life insurance market has continued to grow at a healthy rate. The market is, at present, dominated by public-sector insurers; all the private non-life insurers together account for less than half the total non-life insurance written premium. Public-sector insurers are expected to dominate the market over the forecast period, while private non-life insurers are expected to gradually increase their market shares. Although the Indian non-life insurance market has seen rapid growth over the 2007–2011 review period, it remains largely underpenetrated because of various limitations, such as low awareness, low penetration in rural areas, and lack of a robust distribution model. SHOW LESS READ MORE >

1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Indian Insurance Industry Attractiveness
3.1 Insurance Industry Market Size, 2007–2016
3.2 Key Industry Trends and Drivers
3.2.1 Business drivers
3.2.2 Consumer drivers
3.3 Recent Market Developments
4 Non-Life Insurance Market Outlook
4.1 Non-Life Insurance Growth Prospects by Category
4.1.1 Property insurance category market size, 2007–2016
4.1.2 Fire and allied perils insurance sub-category market size, 2007–2016
4.1.3 Engineering insurance sub-category market size, 2007–2016
4.1.4 Agriculture insurance sub-category market size, 2007–2016
4.1.5 Other property sub-category market size, 2007–2016
4.2 Motor insurance category market size, 2007–2016
4.2.1 Motor hull sub-category market size, 2007–2016
4.2.2 Motor third party sub-category market size, 2007–2016
4.3 General third party category market size, 2007–2016
4.4 Marine, aviation and transit category market size, 2007–2016
4.4.1 Marine sub-category market size, 2007–2016
4.4.2 Aviation sub-category market size, 2007–2016
4.4.3 Transit sub-category market size, 2007–2016
5 Analysis by Distribution Channels
5.1 Direct marketing channel market size, 2007–2016
5.2 Bancassurance channel market size, 2007–2016
5.3 Agencies channel market size, 2007–2016
5.4 Other channel market size, 2007–2016
6 Regulatory Policies
7 Porter’s Five Forces Analysis – Indian Non-Life Insurance Market
7.1 Bargaining Power of Supplier: low to medium
7.2 Bargaining Power of Buyer: Low
7.3 Barriers to Entry: medium
7.4 Intensity of Rivalry: medium to high
7.5 Threat of Substitutes: low
8 Reinsurance Growth Dynamics and Challenges
8.1 Reinsurance market size, 2007–2016
8.2 Reinsurance market size by type of insurance, 2007–2016
9 Competitive Landscape and Strategic Insights
9.1 Overview
9.2 Leading Companies in the Indian Non-Life Insurance Market
9.3 National Insurance Co. Ltd – Company Overview
9.3.1 National Insurance Co. Ltd – key facts
9.3.2 National Insurance Co. Ltd – main products s
9.3.3 National Insurance Co. Ltd – Main Competitors
9.3.4 National Insurance Co. Ltd – key employees
9.4 New India Assurance Co. Ltd – Company Overview
9.4.1 New India Assurance Co. Ltd – key facts
9.4.2 New India Assurance Co. Ltd – main products
9.4.3 New India Assurance Co. Ltd – main competitors
9.4.4 New India Assurance Co. Ltd – key employees
9.5 United India Insurance Co. Ltd – Company Overview
9.5.1 United India Insurance Co. Ltd – key facts
9.5.2 United India Insurance Co. Ltd – main products
9.5.3 United India Insurance Co. Ltd – main competitors
9.5.4 United India Insurance Co. Ltd – key employees
9.6 Oriental Insurance Company Ltd – Company Overview
9.6.1 Oriental Insurance Company Ltd – key facts
9.6.2 Oriental Insurance Company Ltd – main products
9.6.3 Oriental Insurance Company Ltd – main competitors
9.6.4 Oriental Insurance Company Ltd – key employees
9.7 Bajaj Allianz General Insurance Co. Ltd – Company Overview
9.7.1 Bajaj Allianz General Insurance Co. Ltd – key facts
9.7.2 Bajaj Allianz General Insurance Co. Ltd – main products
9.7.3 Bajaj Allianz General Insurance Co. Ltd – main competitors
9.7.4 Bajaj Allianz General Insurance Co. Ltd – key employees
9.8 Reliance General Insurance Company Ltd – company overview
9.8.1 Reliance General Insurance Company Ltd – key facts
9.8.2 Reliance General Insurance Company Ltd – main products
9.8.3 Reliance General Insurance Company Ltd – main competitors
9.8.4 Reliance General Insurance Company Ltd – key employees
9.9 Tata AIG General Insurance Co. Ltd – company overview
9.9.1 Tata AIG General Insurance Company Ltd – key facts
9.9.2 Tata AIG General Insurance Company Ltd – main products
9.9.3 Tata AIG General Insurance Company Ltd – main competitors
9.9.4 Tata AIG General Insurance Company Ltd – key employees
9.1 Royal Sundaram Alliance Insurance Co. Ltd – company overview
9.10.1 Royal Sundaram Alliance Insurance Co. Ltd – key facts
9.10.2 Royal Sundaram Alliance Insurance Co. Ltd – main products
9.10.3 Royal Sundaram Alliance Insurance Co. Ltd – main competitors
9.10.4 Royal Sundaram Alliance Insurance Co. Ltd – key employees
9.11 ICICI Lombard General Insurance Co. Ltd – company overview
9.11.1 ICICI Lombard General Insurance Co. Ltd – key facts
9.11.2 ICICI Lombard General Insurance Co. Ltd – main products
9.11.3 ICICI Lombard General Insurance Co. Ltd – main competitors
9.11.4 ICICI Lombard General Insurance Co. Ltd – Key Employees
9.12 IFFCO-Tokio General Insurance Co. Ltd – company overview overview
9.12.1 IFFCO-Tokio General Insurance Co. Ltd – key facts
9.12.2 IFFCO-Tokio General Insurance Co. Ltd – main products
9.12.3 IFFCO-Tokio General Insurance Co. Ltd – main competitors
9.12.4 IFFCO Tokio General Insurance Co. Ltd – key employees
10 Business Environment and Country Risk
10.1 Business Confidence
10.1.1 Business confidence index
10.1.2 Market capitalization trend – Bombay stock exchange (BSE), India
10.1.3 FDI inflow by industry
10.1.4 Deployment of credit
10.2 Economic Performance
10.2.1 GDP at constant prices (US dollars)
10.2.2 GDP per capita at constant prices (US dollars)
10.2.3 GDP at current prices (US dollars)
10.2.4 GDP per capita at current prices (US dollars)
10.2.5 GDP split by key sectors
10.2.6 Agriculture net output at current prices (Indian rupee)
10.2.7 Agriculture net output at current prices (US dollars)
10.2.8 Agriculture net output at current prices as a percentage of GDP
10.2.9 Manufacturing net output at current prices (Indian rupees)
10.2.10 Manufacturing net output at current prices (US dollars)
10.2.11 Manufacturing net output at current prices as a percentage of GDP
10.2.12 Mining, manufacturing and utilities net output at current prices (Indian rupee)
10.2.13 Mining, manufacturing and utilities at current prices (US dollars)
10.2.14 Mining, manufacturing and utilities at current prices as a percentage of GDP
10.2.15 Construction net output at current prices (Indian rupees)
10.2.16 Construction net output at current prices (US dollars)
10.2.17 Construction net output at current prices as a percentage of GDP
10.2.18 Crude steel production
10.2.19 Crude oil consumption
10.2.20 Inflation rate
10.2.21 Fiscal balance as a percentage of GDP
10.2.22 Current account balance as a percentage of GDP
10.2.23 Exports as a percentage of GDP
10.2.24 Imports as a percentage of GDP
10.2.25 Exports growth
10.2.26 Imports growth
10.2.27 External debt as a percentage of GDP
10.2.28 Annual average exchange rate US$–INR
10.2.29 End of period exchange rate US$–INR
10.2.30 Debt service ratio
10.3 Infrastructure Quality and Availability
10.3.1 Total airports and sea ports
10.3.2 Railways and roadways
10.3.3 Passenger vehicle production
10.3.4 Commercial vehicle production
10.3.5 Passenger vehicle export volume
10.3.6 Commercial vehicle export volume
10.3.7 Automotive components exports
10.3.8 Automotive components imports
10.3.9 Passenger car penetration
10.3.10 Motorcycle penetration
10.3.11 Total installed capacity for electricity generation
10.3.12 Installed capacity for the generation of conventional thermal electricity
10.3.13 Electricity production
10.3.14 Installed capacity for the generation of hydro-electricity
10.3.15 Installed capacity for renewable electricity generation
10.3.16 Electricity exports
10.3.17 Electricity imports
10.3.18 Healthcare expenditure
10.3.19 Healthcare expenditure as a percentage of GDP
10.3.20 Healthcare per capita expenditure
10.3.21 Total internet subscribers
10.3.22 Broadband internet subscribers
10.3.23 Personal computer penetration rate
10.3.24 Mobile phone penetration rate
10.3.25 R&D expenditure as a percentage of GDP
10.4 Labor Force
10.4.1 Labor force
10.4.2 Unemployment rate
10.5 Demographics
10.5.1 Annual disposable income
10.5.2 Annual per capita disposable income
10.5.3 Annual consumer expenditure on food
10.5.4 Annual per capita consumer expenditure on food
10.5.5 Total population
10.5.6 Urban and rural population
10.5.7 Female percentage of population
10.5.8 Male percentage of population
10.5.9 Mean age of population
10.5.10 Median age of population
10.5.11 Population density
10.5.12 Age distribution of the total population
10.5.13 Age distribution of the male population
10.5.14 Age distribution of the female population
10.5.15 Number of households
10.6 Political and Social Risk
10.6.1 Political stability
10.6.2 Terrorism Index
10.6.3 Transparency index
11 Appendix
11.1 Methodology
11.2 Contact us
11.3 About Timetric
11.4 Disclaimer

List of Tables
Table 1: Insurance Industry Definitions
Table 2: India Insurance Overall Written Premium by Segment (INR Billion), 2007–2011
Table 3: India Insurance Overall Written Premium by Segment (US$ Billion), 2007–2011
Table 4: India Insurance Overall Written Premium by Segment (INR Billion), 2011–2016
Table 5: India Insurance Overall Written Premium by Segment (US$ Billion), 2011–2016
Table 6: India Insurance Segmentation (%), 2007–2016
Table 7: Non-Life Insurance Written Premium by Category (INR Billion), 2007–2011
Table 8: Non-Life Insurance Written Premium by Category (US$ Billion), 2007–2011
Table 9: Non-Life Insurance Written Premium by Category (INR Billion), 2011–2016
Table 10: Non-Life Insurance Written Premium by Category (US$ Billion), 2011–2016
Table 11: Non-Life Insurance Market – Incurred Loss (INR Billion), 2007–2011
Table 12: Non-Life Insurance Market – Incurred Loss (INR Billion), 2011–2016
Table 13: Non-Life Insurance Market – Loss Ratio (%), 2007–2011
Table 14: Non-Life Insurance Market – Loss Ratio (%), 2011–2016
Table 15: Non-Life Insurance Market – Commissions and Expenses (INR Billion), 2007–2011
Table 16: Non-Life Insurance Market – Commissions and Expenses (INR Billion), 2011–2016
Table 17: Non-Life Insurance Market – Combined Ratio (%), 2007–2011
Table 18: Non-Life Insurance Market – Combined Ratio (%), 2011–2016
Table 19: Non-Life Insurance Market – Frauds and Crimes (INR Billion), 2007–2011
Table 20: Non-Life Insurance Market – Frauds and Crimes (INR Billion), 2011–2016
Table 21: Non-Life Insurance Market – Total Assets (INR Billion), 2007–2011
Table 22: Non-Life Insurance Market – Total Assets (INR Billion), 2011–2016
Table 23: Non-Life Insurance Market – Total Investment Income (INR Billion), 2007–2011
Table 24: Non-Life Insurance Market – Total Investment Income (INR Billion), 2011–2016
Table 25: Non-Life Insurance Market – Retentions (INR Billion), 2007–2011
Table 26: Non-Life Insurance Market – Retentions (INR Billion), 2011–2016
Table 27: Property Insurance Written Premium by Sub-Category (INR Billion), 2007–2011
Table 28: Property Insurance Written Premium by Sub-Category (US$ Billion), 2007–2011
Table 29: Property Insurance Written Premium by Sub-Category (INR Billion), 2011–2016
Table 30: Property Insurance Written Premium by Sub-Category (US$ Billion), 2011–2016
Table 31: Fire and Allied Perils Insurance Sub-Category by Volume (‘000), 2007–2011
Table 32: Fire and Allied Perils Insurance Sub-Category by Volume (‘000), 2011–2016
Table 33: Fire and Allied Perils Insurance Sub-Category by Written Premium (INR Billion), 2007–2011
Table 34: Fire and Allied Perils Insurance Sub-Category by Written Premium (INR Billion), 2011–2016
Table 35: Engineering Insurance Sub-Category by Volume (‘000), 2007–2011
Table 36: Engineering Insurance Sub-Category by Volume (‘000), 2011–2016
Table 37: Engineering Insurance Sub-Category by Written Premium (INR Billion), 2007–2011
Table 38: Engineering Insurance Sub-Category by Written Premium (INR Billion), 2011–2016
Table 39: Agriculture Insurance Sub-Category by Volume (‘000), 2007–2011
Table 40: Agriculture Insurance Sub-Category by Volume (‘000), 2011–2016
Table 41: Agriculture Insurance Sub-Category by Written Premium (INR Billion), 2007–2011
Table 42: Agriculture Insurance Sub-Category by Written Premium (INR Billion), 2011–2016
Table 43: Other Property Insurance Sub-Category by Volume (‘000), 2007–2011
Table 44: Other Property Insurance Sub-Category by Volume (‘000), 2011–2016
Table 45: Other Property Insurance Sub-Category by Written Premium (INR Billion), 2007–2011
Table 46: Other Property Insurance Sub-Category by Written Premium (INR Billion), 2011–2016
Table 47: Motor Insurance Written Premium by Sub-Category (INR Billion), 2007–2011
Table 48: Motor Insurance Written Premium by Sub-Category (US$ Billion), 2007–2011
Table 49: Motor Insurance Written Premium by Sub-Category (INR Billion), 2011–2016
Table 50: Motor Insurance Written Premium by Sub-Category (US$ Billion), 2011–2016
Table 51: Motor Hull Insurance Sub-Category by Volume (‘000), 2007–2011
Table 52: Motor Hull Insurance Sub-Category by Volume (‘000), 2011–2016
Table 53: Motor Hull Insurance Sub-Category by Written Premium (INR Billion), 2007–2011
Table 54: Motor Hull Insurance Sub-Category by Written Premium (INR Billion), 2011–2016
Table 55: Motor Third-Party Insurance Sub-Category by Volume (‘000), 2007–2011
Table 56: Motor Third-Party Insurance Sub-Category by Volume (‘000), 2011–2016
Table 57: Motor Third-Party Insurance Sub-Category by Written Premium (INR Billion), 2007–2011
Table 58: Motor Third-Party Insurance Sub-Category by Written Premium (INR Billion), 2011–2016
Table 59: General Third-Party Insurance Category by Volume (‘000), 2007–2011
Table 60: General Third-Party Insurance Category by Volume (‘000), 2011–2016
Table 61: General Third-Party Insurance Category by Written Premium (INR Billion), 2007–2011
Table 62: General Third-Party Insurance Category by Written Premium (INR Billion), 2011–2016
Table 63: Marine, Aviation and Transit Insurance Written Premium by Sub-Category (INR Billion), 2007–2011
Table 64: Marine, Aviation and Transit Insurance Written Premium by Sub-Category (US$ Billion), 2007–2011
Table 65: Marine, Aviation and Transit Insurance Written Premium by Sub-Category (INR Billion), 2011–2016
Table 66: Marine, Aviation and Transit Insurance Written Premium by Sub-Category (US$ Billion), 2011–2016
Table 67: Marine Insurance Sub-Category by Volume (‘000), 2007–2011
Table 68: Marine Insurance Sub-Category by Volume (‘000), 2011–2016
Table 69: Marine Insurance Sub-Category by Written Premium (INR Billion), 2007–2011
Table 70: Marine Insurance Sub-Category by Written Premium (INR Billion), 2011–2016
Table 71: Aviation Insurance Sub-Category by Volume (‘000), 2007–2011
Table 72: Aviation Insurance Sub-Category by Volume (‘000), 2011–2016
Table 73: Aviation Insurance Sub-Category by Written Premium (INR Billion), 2007–2011
Table 74: Aviation Insurance Sub-Category by Written Premium (INR Billion), 2011–2016
Table 75: Transit Insurance Sub-Category by Volume (‘000), 2007–2011
Table 76: Transit Insurance Sub-Category by Volume (‘000), 2011–2016
Table 77: Transit Insurance Sub-Category by Written Premium (INR Billion), 2007–2011
Table 78: Transit Insurance Sub-Category by Written Premium (INR Billion), 2011–2016
Table 79: Non-Life Insurance Market – Direct Marketing Commission Paid (INR Billion), 2007–2011
Table 80: Non-Life Insurance Market – Direct Marketing Commission Paid (INR Billion), 2011–2016
Table 81: Non-Life Insurance Market – Written Premium Through Direct Marketing (INR Billion), 2007–2011
Table 82: Non-Life Insurance Market – Written Premium Through Direct Marketing (INR Billion), 2011–2016
Table 83: Non-Life Insurance Market – Policies Sold Through Direct Marketing (’000), 2007–2011
Table 84: Non-Life Insurance Market – Policies Sold Through Direct Marketing (’000), 2011–2016
Table 85: Non-Life Insurance Market – Number of Direct Marketing Distributors, 2007–2011
Table 86: Non-Life Insurance Market – Number of Direct Marketing Distributors, 2011–2016
Table 87: Non-Life Insurance Market – Bancassurance Commission Paid (INR Billion), 2007–2011
Table 88: Non-Life Insurance Market – Bancassurance Commission Paid (INR Billion), 2011–2016
Table 89: Non-Life Insurance Market – Written Premium Through Bancassurance (INR Billion), 2007–2011
Table 90: Non-Life Insurance Market – Written Premium Through Bancassurance (INR Billion), 2011–2016
Table 91: Non-Life Insurance Market – Policies Sold Through Bancassurance (‘000), 2007–2011
Table 92: Non-Life Insurance Market – Policies Sold Through Bancassurance (‘000), 2011–2016
Table 93: Non-Life Insurance Market – Number of Bancassurance Distributors, 2007–2011
Table 94: Non-Life Insurance Market – Number of Bancassurance Distributors, 2011–2016
Table 95: Non-Life Insurance Market – Agencies Commission Paid (INR Billion), 2007–2011
Table 96: Non-Life Insurance Market – Agencies Commission Paid (INR Billion), 2011–2016
Table 97: Non-Life Insurance Market – Written Premium Through Agencies (INR Billion), 2007–2011
Table 98: Non-Life Insurance Market – Written Premium Through Agencies (INR Billion), 2011–2016
Table 99: Non-Life Insurance Market – Policies Sold Through Agencies (‘000), 2007–2011
Table 100: Non-Life Insurance Market – Policies Sold Through Agencies (‘000), 2011–2016
Table 101: Non-Life Insurance Market – Number of Agencies, 2007–2011
Table 102: Non-Life Insurance Market – Number of Agencies, 2011–2016
Table 103: Non-Life Insurance Market – Commission Paid to Other Channels (INR Billion), 2007–2011
Table 104: Non-Life Insurance Market – Commission Paid to Other Channels (INR Billion), 2011–2016
Table 105: Non-Life Insurance Market – Written Premium Through Other Channels (INR Billion), 2007–2011
Table 106: Non-Life Insurance Market – Written Premium Through Other Channels (INR Billion), 2011–2016
Table 107: Non-Life Insurance Market – Policies Sold Through Other Channels (‘000), 2007–2011
Table 108: Non-Life Insurance Market – Policies Sold Through Other Channels (‘000), 2011–2016
Table 109: Non-Life Insurance Market – Number of Distributors in Other Channels, 2007–2011
Table 110: Non-Life Insurance Market – Number of Distributors in Other Channels, 2011–2016
Table 111: Reinsurance Market in India by Category (INR Billion), 2007–2011
Table 112: Reinsurance Market in India by Category (US$ Billion), 2007–2011
Table 113: Reinsurance Market in India by Category (INR Billion), 2011–2016
Table 114: Reinsurance Market in India by Category (US$ Billion), 2011–2016
Table 115: Reinsurance Ceded by Type of Insurance (INR Billion), 2007–2011
Table 116: Reinsurance Ceded by Type of Insurance (US$ Billion), 2007–2011
Table 117: Reinsurance Ceded by Type of Insurance (INR Billion), 2011–2016
Table 118: Reinsurance Ceded by Type of Insurance (US$ Billion), 2011–2016
Table 119: Non-Life Insurance – Percentage of Reinsurance Ceded, 2007–2011
Table 120: Non-Life Insurance – Percentage of Reinsurance Ceded, 2011–2016
Table 121: Non-Life Insurance Market Share (%), 2007 – 2010
Table 122: Non-Life Insurance Market – Main Companies Operating in India
Table 123: National Insurance Co. Ltd, Key Facts
Table 124: National Insurance Co. Ltd, Main Products
Table 125: National Insurance Co. Ltd, Key Employees
Table 126: New India Assurance Co. Ltd, Key Facts
Table 127: New India Assurance Co. Ltd, Main Products
Table 128: New India Assurance Co. Ltd, Key Employees
Table 129: United India Insurance Co. Ltd, Key Facts
Table 130: United India Insurance Co. Ltd, Main Products
Table 131: United India Insurance Co. Ltd, Key Employees
Table 132: Oriental Insurance Company Ltd, Key Facts
Table 133: Oriental Insurance Company Ltd, Main Products
Table 134: Oriental Insurance Company Ltd, Key Employees
Table 135: Bajaj Allianz General Insurance Co. Ltd, Key Facts
Table 136: Bajaj Allianz General Insurance Co. Ltd, Main Products
Table 137: Bajaj Allianz General Insurance Co. Ltd, Key Employees
Table 138: Reliance General Insurance Company Ltd, Key Facts
Table 139: Reliance General Insurance Company Ltd, Main Products
Table 140: Reliance General Insurance Company Ltd, Key Employees
Table 141: Tata AIG General Insurance Company Ltd, Key Facts
Table 142: Tata AIG General Insurance Company Ltd, Main Products
Table 143: Tata AIG General Insurance Company Ltd, Key Employees
Table 144: Royal Sundaram Alliance Insurance Co. Ltd, key facts
Table 145: Royal Sundaram Alliance Insurance Co. Ltd, Main Products
Table 146: Royal Sundaram Alliance Insurance Co. Ltd, Key Employees
Table 147: ICICI Lombard General Insurance Co. Ltd, Key Facts
Table 148: ICICI Lombard General Insurance Co. Ltd, Main Products
Table 149: ICICI Lombard General Insurance Co. Ltd, Key Employees
Table 150: IFFCO-Tokio General Insurance Co. Ltd, Key Facts
Table 151: IFFCO-Tokio General Insurance Co. Ltd, Main Products
Table 152: IFFCO Tokio General Insurance Co. Ltd, Key Employee

List of Figures
Figure 1: India Insurance Overall Written Premium by Segment (INR Billion), 2007–2016
Figure 2: India Insurance Market Dynamics by Segment, 2007–2016
Figure 3: Non-Life Insurance Written Premium by Category (INR Billion), 2007–2016
Figure 4: Non-Life Insurance Written Premium by Category (% Share), 2011 and 2016
Figure 5: Non-Life Insurance Market Dynamics by Category, 2007–2016
Figure 6: Non-Life Insurance Market – Incurred Loss (INR Billion), 2007–2011
Figure 7: Non-Life Insurance Market – Incurred Loss (INR Billion), 2011–2016
Figure 8: Non-Life Insurance Market – Loss Ratio (%), 2007–2011
Figure 9: Non-Life Insurance Market – Loss Ratio (%), 2011–2016
Figure 10: Non-Life Insurance Market – Commissions and Expenses (INR Billion), 2007–2011
Figure 11: Non-Life Insurance Market – Commissions and Expenses (INR Billion), 2011–2016
Figure 12: Non-Life Insurance Market – Combined Ratio (%), 2007–2011
Figure 13: Non-Life Insurance Market – Combined Ratio (%), 2011–2016
Figure 14: Non-Life Insurance Market – Frauds and Crimes (INR Billion), 2007–2011
Figure 15: Non-Life Insurance Market – Frauds and Crimes (INR Billion), 2011–2016
Figure 16: Non-Life Insurance Market – Total Assets (INR Billion), 2007–2011
Figure 17: Non-Life Insurance Market – Total Assets (INR Billion), 2011–2016
Figure 18: Non-Life Insurance Market – Total Investment Income (INR Billion), 2007–2011
Figure 19: Non-Life Insurance Market – Total Investment Income (INR Billion), 2011–2016
Figure 20: Non-Life Insurance Market – Retentions (INR Billion), 2007–2011
Figure 21: Non-Life Insurance Market – Retentions (INR Billion), 2011–2016
Figure 22: Non-Life Insurance Market – Investment Type (INR Billion), 2007–2011
Figure 23: Non-Life Insurance Market – Investment Type, 2007 and 2011
Figure 24: Non-Life Insurance Market – Density and Penetration (%), 2007–2011
Figure 25: Non-Life Insurance Market – Number of Policies Sold (‘000), 2007–2011
Figure 26: Non-Life Insurance Market – Number of Policies Sold (’000), 2011–2016
Figure 27: Non-Life Insurance Market – Premium Per Capita (INR), 2007–2011
Figure 28: Property Insurance Written Premium (INR Billion) by Sub-Category, 2007–2016
Figure 29: Property Insurance Market Dynamics by Sub-Category, 2007–2016
Figure 30: Fire and Allied Perils Insurance Sub-Category by Volume (‘000), 2007–2011
Figure 31: Fire and Allied Perils Insurance Sub-Category by Volume (‘000), 2011–2016
Figure 32: Fire and Allied Perils Insurance Sub-Category by Written Premium (INR Billion), 2007–2011
Figure 33: Fire and Allied Perils Insurance Sub-Category by Written Premium (INR Billion), 2011–2016
Figure 34: Engineering Insurance Sub-Category by Volume (‘000), 2007–2011
Figure 35: Engineering Insurance Sub-Category by Volume (‘000), 2011–2016
Figure 36: Engineering Insurance Sub-Category by Written Premium (INR Billion), 2007–2011
Figure 37: Engineering Insurance Sub-Category by Written Premium (INR Billion), 2011–2016
Figure 38: Agriculture Insurance Sub-Category by Volume (‘000), 2007–2011
Figure 39: Agriculture Insurance Sub-Category by Volume (‘000), 2011–2016
Figure 40: Agriculture Insurance Sub-Category by Written Premium (INR Billion), 2007–2011
Figure 41: Agriculture Insurance Sub-Category by Written Premium (INR Billion), 2011–2016
Figure 42: Other Property Insurance Sub-Category by Volume (‘000), 2007–2011
Figure 43: Other Property Insurance Sub-Category by Volume (‘000), 2011–2016
Figure 44: Other Property Insurance Sub-Category by Written Premium (INR Billion), 2007–2011
Figure 45: Other Property Insurance Sub-Category by Written Premium (INR Billion), 2011–2016
Figure 46: Motor Insurance Written Premium by Sub-Category (INR Billion), 2007–2016
Figure 47: Motor Insurance Market Dynamics, by Sub-Category, 2007–2016
Figure 48: Motor Hull Insurance Sub-Category by Volume (‘000), 2007–2011
Figure 49: Motor Hull Insurance Sub-Category by Volume (‘000), 2011–2016
Figure 50: Motor Hull Insurance Sub-Category by Written Premium (INR Billion), 2007–2011
Figure 51: Motor Hull Insurance Sub-Category by Written Premium (INR Billion), 2011–2016
Figure 52: Motor Third-Party Insurance Sub-Category by Volume (‘000), 2007–2011
Figure 53: Motor Third-Party Insurance Sub-Category by Volume (‘000), 2011–2016
Figure 54: Motor Third-Party Insurance Sub-Category by Written Premium (INR Billion), 2007–2011
Figure 55: Motor Third-Party Insurance Sub-Category by Written Premium (INR Billion), 2011–2016
Figure 56: General Third-Party Insurance Category by Volume (‘000), 2007–2011
Figure 57: General Third-Party Insurance Category by Volume (‘000), 2011–2016
Figure 58: General Third-Party Insurance Category by Written Premium (INR Billion), 2007–2011
Figure 59: General Third-Party Insurance Category by Written Premium (INR Billion), 2011–2016
Figure 60: Marine, Aviation and Transit Insurance Written Premium, by Sub-Category (INR Billion), 2007–2016
Figure 61: Marine, Aviation and Transit Insurance Market Dynamics, by Sub-Category, 2007–2016
Figure 62: Marine Insurance Sub-Category by Volume (‘000), 2007–2011
Figure 63: Marine Insurance Sub-Category by Volume (‘000), 2011–2016
Figure 64: Marine Insurance Sub-Category by Written Premium (INR Billion), 2007–2011
Figure 65: Marine Insurance Sub-Category by Written Premium (INR Billion), 2011–2016
Figure 66: Aviation Insurance Sub-Category by Volume (‘000), 2007–2011
Figure 67: Aviation Insurance Sub-Category by Volume (‘000), 2011–2016
Figure 68: Aviation Insurance Sub-Category by Written Premium (INR Billion), 2007–2011
Figure 69: Aviation Insurance Sub-Category by Written Premium (INR Billion), 2011–2016
Figure 70: Transit Insurance Sub-Category by Volume (‘000), 2007–2011
Figure 71: Transit Insurance Sub-Category by Volume (‘000), 2011–2016
Figure 72: Transit Insurance Sub-Category by Written Premium (INR Billion), 2007–2011
Figure 73: Transit Insurance Sub-Category by Written Premium (INR Billion), 2011–2016
Figure 74: Non-Life Insurance New Business Written Premium – Market Shares by Distribution Channel, 2011 and 2016
Figure 75: Non-Life Insurance Market – Direct Marketing Commission Paid (INR Billion), 2007–2011
Figure 76: Non-Life Insurance Market – Direct Marketing Commission Paid (INR Billion), 2011–2016
Figure 77: Non-Life Insurance Market – Written Premium Through Direct Marketing (INR Billion), 2007–2011
Figure 78: Non-Life Insurance Market – Written Premium Through Direct Marketing (INR Billion), 2011–2016
Figure 79: Non-Life Insurance Market – Policies Sold Through Direct Marketing (’000), 2007–2011
Figure 80: Non-Life Insurance Market – Policies Sold Through Direct Marketing (’000), 2011–2016
Figure 81: Non-Life Insurance Market – Number of Direct Marketing Distributors 2007–2011
Figure 82: Non-Life Insurance Market – Number of Direct Marketing Distributors, 2011–2016
Figure 83: Non-Life Insurance Market – Bancassurance Commission Paid (INR Billion), 2007–2011
Figure 84: Non-Life Insurance Market – Bancassurance Commission Paid (INR Billion), 2011–2016
Figure 85: Non-Life Insurance Market – Written Premium Through Bancassurance (INR Billion), 2007–2011
Figure 86: Non-Life Insurance Market – Written Premium Through Bancassurance (INR Billion), 2011–2016
Figure 87: Non-Life Insurance Market – Policies Sold Through Bancassurance (‘000), 2007–2011
Figure 88: Non-Life Insurance Market – Policies Sold Through Bancassurance (‘000), 2011–2016
Figure 89: Non-Life Insurance Market – Number of Bancassurance Distributors, 2007–2011
Figure 90: Non-Life Insurance Market – Number of Bancassurance Distributors, 2011–2016
Figure 91: Non-Life Insurance Market – Agencies Commission Paid (INR Billion), 2007–2011
Figure 92: Non-Life Insurance Market – Agencies Commission Paid (INR Billion), 2011–2016
Figure 93: Non-Life Insurance Market – Written Premium Through Agencies (INR Billion), 2007–2011
Figure 94: Non-Life Insurance Market – Written Premium Through Agencies (INR Billion), 2011–2016
Figure 95: Non-Life Insurance Market – Policies Sold Through Agencies (‘000), 2007–2011
Figure 96: Non-Life Insurance Market – Policies Sold Through Agencies (‘000), 2011–2016
Figure 97: Non-Life Insurance Market – Number of Agencies, 2007–2011
Figure 98: Non-Life Insurance Market – Number of Agencies, 2011–2016
Figure 99: Non-Life Insurance Market – Commission Paid to Other Channels (INR Billion), 2007–2011
Figure 100: Non-Life Insurance Market – Commission Paid to Other Channels (INR Billion), 2011–2016
Figure 101: Non-Life Insurance Market – Written Premium Through Other Channels (INR Billion), 2007–2011
Figure 102: Non-Life Insurance Market – Written Premium Through Other Channels (INR Billion), 2011–2016
Figure 103: Non-Life Insurance Market – Policies Sold Through Other Channels (‘000), 2007–2011
Figure 104: Non-Life Insurance Market – Policies Sold Through Other Channels (‘000), 2011–2016
Figure 105: Non-Life Insurance Market – Number of Distributors in Other Channels, 2007–2011
Figure 106: Non-Life Insurance Market – Number of Distributors in Other Channels, 2011–2016
Figure 107: Indian Non-Life Insurance Market – Five Forces Analysis
Figure 108: Premium Ceded to Reinsurance by Category (INR Billion), 2007–2016
Figure 109: Reinsurance Premium Share by Category, 2011 and 2016
Figure 110: Reinsurance Market Dynamics by Category, 2007–2016
Figure 111: Reinsurance Ceded by Type of Insurance (INR Billion), 2007–2016
Figure 112: Reinsurance Market Dynamics by Type of Insurance, 2007–2016
Figure 113: Non-Life Insurance – Percentage of Reinsurance Ceded, 2007–2011
Figure 114: Non-Life Insurance – Percentage of Reinsurance Ceded, 2011–2016
Figure 115: Non-Life Insurance Market Share (%), 2007 and 2010
Figure 116: Indian Business Confidence Indicator, 2008–2010
Figure 117: Bombay Stock Exchange (BSE), Market Capitalization (US$ Billion), 2003–2009
Figure 118: Indian FDI Inflows by Industry (US$ Billion), 2003–2009
Figure 119: Indian Deployment of Credit (US$ Billion), 2003–2008
Figure 120: Indian GDP at Constant Prices (US$ Billion), 2007–2016
Figure 121: Indian GDP Per Capita at Constant Prices (US$), 2007–2016
Figure 122: Indian GDP at Current Prices (US$ Billion), 2007–2016
Figure 123: Indian GDP Per Capita at Current Prices (US$), 2007–2016
Figure 124: Indian GDP Split by Key Sectors (%), 2003 and 2009
Figure 125: Indian Agriculture Net Output at Current Prices (INR Trillion), 2007–2016
Figure 126: Indian Agriculture Net Output at Current Prices (US$ Billion), 2007–2016
Figure 127: Indian Agriculture Net Output at Current Prices as a Percentage of GDP (%), 2007–2016
Figure 128: Indian Manufacturing Net Output at Current Prices (INR Trillion), 2007–2016
Figure 129: Indian Manufacturing Net Output at Current Prices (US$ Billion), 2007–2016
Figure 130: Indian Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2007–2016
Figure 131: Indian Mining, Manufacturing and Utilities Net Output at Current Prices (INR Trillion), 2007–2016
Figure 132: Indian Mining, Manufacturing and Utilities Output at Current Prices (US$ Billion), 2007–2016
Figure 133: Indian Mining, Manufacturing and Utilities Output at Current Prices as a Percentage of GDP (%), 2007–2016
Figure 134: Indian Construction Net Output at Current Prices (INR Trillion), 2007–2016
Figure 135: Indian Construction Net Output at Current Prices (US$ Billion), 2007–2016
Figure 136: Indian Construction Output at Current Prices as a Percentage of GDP (%), 2007-2016
Figure 137: Indian Crude Steel Production (Million Metric Tons), 2007–2016
Figure 138: Indian Crude Oil Consumption (Million Tons), 2007–2016
Figure 139: Indian Inflation Rate (%), 2007–2016
Figure 140: Indian Fiscal Balance as a Percentage of GDP (%), 2007–2010
Figure 141: Indian Trade Balance as a Percentage of GDP (%), 2007–2016
Figure 142: India Exports as a Percentage of GDP (%), 2007–2016
Figure 143: Indian Imports as a Percentage of GDP (%), 2007–2016
Figure 144: Indian Exports Growth (%), 2007–2016
Figure 145: Indian Imports Growth (%), 2007–2016
Figure 146: Indian External Debt as a Percentage of GDP (%), 2007–2011
Figure 147: Indian Annual Average Exchange Rate (US$–INR), 2007–2010
Figure 148: Indian

National Insurance Co. Ltd
New India Assurance Co. Ltd
United India Insurance Co. Ltd
Oriental Insurance Company Ltd
Bajaj Allianz General Insurance Co. Ltd
Reliance General Insurance Company Ltd
Tata AIG General Insurance Co. Ltd
Royal Sundaram Alliance Insurance Co. Ltd
ICICI Lombard General Insurance Co. Ltd