Non-Life Insurance in India industry profile provides top-line qualitative and quantitative summary information including: market size (value 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 non-life insurance market consists of the general insurance market segmented into motor, property, liability and other insurance. The other segment is made up of non-life insurance products including health, travel, and accident cover among others. The value of the non-life insurance market is shown in terms of gross premium incomes. Gross premium income is defined as the insurer’s premium income for the year from its policies, calculated without reduction for reinsurance premiums paid or payable by the insurer.
- The Indian non-life insurance market had total gross written premiums of $26.8bn in 2020, representing a compound annual growth rate (CAGR) of 11% between 2016 and 2020.
- The motor segment was the market's most lucrative in 2020, with total gross written premiums of $9.6bn, equivalent to 35.9% of the market's overall value.
- Digital innovation is becoming increasingly popular in the Indian insurance market and is likely to be a key driver for growth going forwards.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in India
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in India
- Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the India non-life insurance market with five year forecasts
Reasons to Buy
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Frequently Asked Questions about the Non-Life Insurance Market in India
What is the estimated value of the Non-Life Insurance Market in India?
What is the growth rate of the Non-Life Insurance Market in India?
What is the forecasted size of the Non-Life Insurance Market in India?
Who are the key companies in the Non-Life Insurance Market in India?
Report Attribute | Details |
---|---|
No. of Pages | 44 |
Published | November 2021 |
Forecast Period | 2020 - 2025 |
Estimated Market Value ( USD | $ 26.8 Billion |
Forecasted Market Value ( USD | $ 33.26 Billion |
Compound Annual Growth Rate | 4.4% |
Regions Covered | India |
Table of Contents
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 Appendix
List of Tables
List of Figures
Companies Mentioned
A selection of companies mentioned in this report includes:
- The New India Assurance Co Ltd
- United India Insurance Co Ltd
- National Insurance Company Ltd
- ICICI Lombard General Insurance Co Ltd