Insurance in India - Market Summary, Competitive Analysis and Forecast to 2025
Insurance in India - Market Summary, Competitive Analysis and Forecast to 2025
SUMMARY
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
SUMMARY
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 insurance market consists of the non-life and life insurance sectors. The value of the market is shown in terms of gross premium incomes.
- The Indian insurance market had total gross written premiums of $108.2bn in 2020, representing a compound annual growth rate (CAGR) of 9.9% between 2016 and 2020.
- The life insurance segment was the market's most lucrative in 2020, with total gross written premiums of $81.4bn, equivalent to 75.2% of the market's overall value.
- Looking forwards, the Indian insurance market is likely to benefit from new government legislation aimed at boosting foreign direct investment.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the insurance market in India
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance market in India
- Leading company profiles reveal details of key insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the India insurance market with five year forecasts
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1 EXECUTIVE SUMMARY
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. 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. Market share
7.2. Who are the leading players?
7.3. What strategies do leading players follow?
7.4. What are the strengths of leading players?
7.5. What has been the rationale behind recent M&A activity?
7.6. How has the COVID-19 outbreak impacted the market?
8 COMPANY PROFILES
8.1. SBI Life Insurance Co Ltd
8.2. ICICI Prudential Life Insurance Co Ltd
8.3. Max Life insurance Co Ltd
8.4. HDFC Life Insurance Co Ltd
9 MACROECONOMIC INDICATORS
9.1. Country data
10 APPENDIX
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. 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. Market share
7.2. Who are the leading players?
7.3. What strategies do leading players follow?
7.4. What are the strengths of leading players?
7.5. What has been the rationale behind recent M&A activity?
7.6. How has the COVID-19 outbreak impacted the market?
8 COMPANY PROFILES
8.1. SBI Life Insurance Co Ltd
8.2. ICICI Prudential Life Insurance Co Ltd
8.3. Max Life insurance Co Ltd
8.4. HDFC Life Insurance Co Ltd
9 MACROECONOMIC INDICATORS
9.1. Country data
10 APPENDIX
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
LIST OF TABLES
Table 1: India insurance market value: $ billion, 2016–20
Table 2: India insurance market category segmentation: $ billion, 2020
Table 3: India insurance market geography segmentation: $ billion, 2020
Table 4: India insurance market value forecast: $ billion, 2020–25
Table 5: India insurance market share: % share, by value, 2020
Table 6: SBI Life Insurance Co Ltd: key facts
Table 7: SBI Life Insurance Co Ltd: Annual Financial Ratios
Table 8: SBI Life Insurance Co Ltd: Key Employees
Table 9: ICICI Prudential Life Insurance Co Ltd: key facts
Table 10: ICICI Prudential Life Insurance Co Ltd: Annual Financial Ratios
Table 11: ICICI Prudential Life Insurance Co Ltd: Key Employees
Table 12: Max Life insurance Co Ltd: key facts
Table 13: Max Life insurance Co Ltd: Key Employees
Table 14: Max Life insurance Co Ltd: Key Employees Continued
Table 15: HDFC Life Insurance Co Ltd: key facts
Table 16: HDFC Life Insurance Co Ltd: Annual Financial Ratios
Table 17: HDFC Life Insurance Co Ltd: Key Employees
Table 18: India size of population (million), 2016–20
Table 19: India gdp (constant 2005 prices, $ billion), 2016–20
Table 20: India gdp (current prices, $ billion), 2016–20
Table 21: India inflation, 2016–20
Table 22: India consumer price index (absolute), 2016–20
Table 23: India exchange rate, 2016–20
Table 1: India insurance market value: $ billion, 2016–20
Table 2: India insurance market category segmentation: $ billion, 2020
Table 3: India insurance market geography segmentation: $ billion, 2020
Table 4: India insurance market value forecast: $ billion, 2020–25
Table 5: India insurance market share: % share, by value, 2020
Table 6: SBI Life Insurance Co Ltd: key facts
Table 7: SBI Life Insurance Co Ltd: Annual Financial Ratios
Table 8: SBI Life Insurance Co Ltd: Key Employees
Table 9: ICICI Prudential Life Insurance Co Ltd: key facts
Table 10: ICICI Prudential Life Insurance Co Ltd: Annual Financial Ratios
Table 11: ICICI Prudential Life Insurance Co Ltd: Key Employees
Table 12: Max Life insurance Co Ltd: key facts
Table 13: Max Life insurance Co Ltd: Key Employees
Table 14: Max Life insurance Co Ltd: Key Employees Continued
Table 15: HDFC Life Insurance Co Ltd: key facts
Table 16: HDFC Life Insurance Co Ltd: Annual Financial Ratios
Table 17: HDFC Life Insurance Co Ltd: Key Employees
Table 18: India size of population (million), 2016–20
Table 19: India gdp (constant 2005 prices, $ billion), 2016–20
Table 20: India gdp (current prices, $ billion), 2016–20
Table 21: India inflation, 2016–20
Table 22: India consumer price index (absolute), 2016–20
Table 23: India exchange rate, 2016–20
LIST OF FIGURES
Figure 1: India insurance market value: $ billion, 2016–20
Figure 2: India insurance market category segmentation: % share, by value, 2020
Figure 3: India insurance market geography segmentation: % share, by value, 2020
Figure 4: India insurance market value forecast: $ billion, 2020–25
Figure 5: Forces driving competition in the insurance market in India, 2020
Figure 6: Drivers of buyer power in the insurance market in India, 2020
Figure 7: Drivers of supplier power in the insurance market in India, 2020
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in India, 2020
Figure 9: Factors influencing the threat of substitutes in the insurance market in India, 2020
Figure 10: Drivers of degree of rivalry in the insurance market in India, 2020
Figure 11: India insurance market share: % share, by value, 2020
Figure 1: India insurance market value: $ billion, 2016–20
Figure 2: India insurance market category segmentation: % share, by value, 2020
Figure 3: India insurance market geography segmentation: % share, by value, 2020
Figure 4: India insurance market value forecast: $ billion, 2020–25
Figure 5: Forces driving competition in the insurance market in India, 2020
Figure 6: Drivers of buyer power in the insurance market in India, 2020
Figure 7: Drivers of supplier power in the insurance market in India, 2020
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in India, 2020
Figure 9: Factors influencing the threat of substitutes in the insurance market in India, 2020
Figure 10: Drivers of degree of rivalry in the insurance market in India, 2020
Figure 11: India insurance market share: % share, by value, 2020
