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India Insurance Market


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									PRLog.Org - Global Press Release Distribution

                                  Indian Insurance Industry Forecast (2007-2009)

       By Rupali
       Dated: Dec 13, 2007

       Indian Insurance Industry Forecast (2007-2009)”, provides extensive research and objective analysis of
       the growing insurance industry, its product quality, and services in India.

       Indian Insurance Industry Forecast (2007-2009)”, provides extensive research and objective analysis of the
       growing insurance industry, its product quality, and services in India. This report helps to analyze the
       leading-edge opportunities critical to the success of the insurance Industry in India. Detailed data and
       analysis helps investors, financial service providers, and global banking players to navigate through the
       evolving insurance market in India.

        Key Findings

        Taking into account the changing socio-economic demographics, rate of GDP growth, changing consumer
       behavior and occurrences of natural calamities at regular intervals, the Indian life insurance market is
       expected to reach the value of around Rs 1683 Billion in the year 2009. The market is expected to grow at a
       CAGR of more than 200% YOY from the year 2006.
        In 2006-07, pension premium contributed about 22.11% to total premium income of insurers. Interestingly,
       the figure in the first nine months to December 2005 was 25.22%.
        In the non-life segment, the established players control 65% of the market. So it is their monthly
       performance that determines how the market as a whole would perform.
        In Motor Insurance Business, Public sector covers almost 68% of the market value whereas the private
       sector just had 32% market share till September 2006.
        In Accident Insurance Business, private sector players have almost 53% market share with ICICI Lombard
       as the lead player. Public sector players constitute about 47% market value with New India as the leading
       player followed by United India.

        Key Issues and Facts Analyzed

        The research report also addresses the issues and facts that are critical to business success:

        What are the marketing strategies of the players in the insurance industry?
        How is the growth in Health and Group insurance are driving the Insurance sector in India?
        What are the opportunities for the players in this industry and what are the challenges to sustain the
       Insurance market in India?
        What will be the prospective areas of investments in the insurance industry in the near future?
        Which factors will lead to the growth of Life and Non-life insurance in India?

        Key Products Analyzed

       Key products like Life and Non-life insurance have been analyzed, supported by facts like revenue and
       market trends.

        Key Players

       This section provides an overview of some of the key players in this industry like Bajaj Allianz, ING
       Vysya, AMP Sanmar Assurance Limited, SBI Life, Tata AIG Life, HDFC Standard, ICICI Prudential Life

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Insurance, Birla Sunlife, Aviva Life Insurance, Kotak Mahindra Old Mutual, Max New York Life, Met
Life, Sahara Life, LIC, Royal Sundaram, Tata-AIG General, Reliance General, IFFCO-Tokio,
ICICI-Lombard, HDFC Chubb, New India Assurance Company Limited, National Insurance Company
Limited, United India Insurance Company Limited and Oriental Insurance Limited.

Research Methodology Used

 Information Sources
 Information has been sourced from various sources namely, Books, Newspapers, trade journals, and white
papers, industry portals, government agencies, trade associations, monitoring industry news and
developments, and through access to access to more than 3000 paid databases.

Analysis Methods
The analysis methods includes the following:
Ratio Analysis, Historical Trend Analysis, Linear Regression Analysis using software tools, Judgmental
Forecasting and Cause and Effect Analysis.

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Category           Insurance
Tags               indian insurance industry forecast 2007-2009
Email              Click to email author
Phone              +912227578668
Fax                +912227579131
Address            207 Hermes Atrium, Sector 11
                   CBD Belapur Navi Mumbai
City/Town          Navi Mumbai
State/Province     Maharashtra
Zip                400614
Country            India

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