Insurance Brokers in India - Market Summary, Competitive Analysis and Forecast to 2025

Insurance Brokers in India industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

The insurance brokers market is valued in relation to the total brokerage revenue of General Insurance and Life Insurance & Pension.
The Indian insurance brokers sector had total revenues of $0.1bn in 2020, representing a compound annual growth rate (CAGR) of 5.9% between 2016 and 2020.
The life insurance and pension segment was the sector's most lucrative in 2020, with total revenues of $0.1bn, equivalent to 73.7% of the sector's overall value.
The value of the Indian insurance brokers sector declined by 5% in 2020, as a result of the COVID-19 pandemic, which reduced demand for insurance products.

Scope

Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the insurance brokers market in India
Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance brokers market in India
Leading company profiles reveal details of key insurance brokers market players’ global operations and financial performance
Add weight to presentations and pitches by understanding the future growth prospects of the India insurance brokers market with five year forecasts by both value and volume

Reasons to Buy

What was the size of the India insurance brokers market by value in 2020?
What will be the size of the India insurance brokers market in 2025?
What factors are affecting the strength of competition in the India insurance brokers market?
How has the market performed over the last five years?
Who are the top competitors in India's insurance brokers market?

Frequently Asked Questions about the Indian Insurance Brokers Market

What is the estimated value of the Indian Insurance Brokers Market?

The Indian Insurance Brokers Market was estimated to be valued at $103.62 Billion in 2020.

What is the growth rate of the Indian Insurance Brokers Market?

The growth rate of the Indian Insurance Brokers Market is 6.9%, with an estimated value of $144.66 Billion by 2025.

What is the forecasted size of the Indian Insurance Brokers Market?

The Indian Insurance Brokers Market is estimated to be worth $144.66 Billion by 2025.

Who are the key companies in the Indian Insurance Brokers Market?

Key companies in the Indian Insurance Brokers Market include Marsh & McLennan Companies Asia, Pacific, Aon Plc and Aditya Birla Capital Advisors Pvt Ltd.

Report Attribute	Details
No. of Pages	39
Published	October 2021
Forecast Period	2020 - 2025
Estimated Market Value ( USD ) in 2020	$ 103.62 Billion
Forecasted Market Value ( USD ) by 2025	$ 144.66 Billion
Compound Annual Growth Rate	6.9%
Regions Covered	India

1 Executive Summary

1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive Landscape

2 Market Overview

2.1. Market definition
2.2. Market analysis

3 Market Data

3.1. Market value

4 Market Segmentation

4.1. Category segmentation
4.2. Geography segmentation

5 Market Outlook

5.1. Market value forecast

6 Five Forces Analysis

6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry

7 Competitive Landscape

7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What are the strengths of the leading players?
7.4. What has been the recent M&A activity?
7.5. How did leading players perform in 2020?
7.6. What challenges do the leading players face?

8 Company Profiles

8.1. Marsh & McLennan Companies Asia-Pacific
8.2. Aon Plc
8.3. Aditya Birla Capital Advisors Pvt Ltd

9 Macroeconomic Indicators

9.1. Country data

10 Appendix

10.1. Methodology
10.2. Industry associations
10.3. Related Research
10.4. About the Author

List of Tables

Table 1: India insurance brokers sector value: $ billion, 2016-20
Table 2: India insurance brokers sector category segmentation: $ billion, 2020
Table 3: India insurance brokers sector geography segmentation: $ billion, 2020
Table 4: India insurance brokers sector value forecast: $ billion, 2020-25
Table 5: Marsh & McLennan Companies Asia-Pacific: key facts
Table 6: Marsh & McLennan Companies Asia-Pacific: Key Employees
Table 7: Aon Plc: key facts
Table 8: Aon Plc: Annual Financial Ratios
Table 9: Aon Plc: Key Employees
Table 10: Aon Plc: Key Employees Continued
Table 11: Aditya Birla Capital Advisors Pvt Ltd: key facts
Table 12: Aditya Birla Capital Advisors Pvt Ltd: Key Employees
Table 13: India size of population (million), 2016-20
Table 14: India gdp (constant 2005 prices, $ billion), 2016-20
Table 15: India gdp (current prices, $ billion), 2016-20
Table 16: India inflation, 2016-20
Table 17: India consumer price index (absolute), 2016-20
Table 18: India exchange rate, 2016-20

List of Figures

Figure 1: India insurance brokers sector value: $ billion, 2016-20
Figure 2: India insurance brokers sector category segmentation: % share, by value, 2020
Figure 3: India insurance brokers sector geography segmentation: % share, by value, 2020
Figure 4: India insurance brokers sector value forecast: $ billion, 2020-25
Figure 5: Forces driving competition in the insurance brokers sector in India, 2020
Figure 6: Drivers of buyer power in the insurance brokers sector in India, 2020
Figure 7: Drivers of supplier power in the insurance brokers sector in India, 2020
Figure 8: Factors influencing the likelihood of new entrants in the insurance brokers sector in India, 2020
Figure 9: Factors influencing the threat of substitutes in the insurance brokers sector in India, 2020
Figure 10: Drivers of degree of rivalry in the insurance brokers sector in India, 2020