Non-Life Insurance in India - Market Summary, Competitive Analysis and Forecast to 2025
Non-Life Insurance in India - Market Summary, Competitive Analysis and Forecast to 2025
SUMMARY
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
SUMMARY
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.
- 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
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- What will be the size of the India automotive aftermarket market in 2025?
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- How has the market performed over the last five years?
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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. Are there any companies currently posing a threat to 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. The New India Assurance Co Ltd
8.2. United India Insurance Co Ltd
8.3. National Insurance Company Ltd
8.4. ICICI Lombard General 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. Are there any companies currently posing a threat to 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. The New India Assurance Co Ltd
8.2. United India Insurance Co Ltd
8.3. National Insurance Company Ltd
8.4. ICICI Lombard General 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 non-life insurance market value: $ billion, 2016–20
Table 2: India non–life insurance market category segmentation: $ billion, 2020
Table 3: India non–life insurance market geography segmentation: $ billion, 2020
Table 4: India non-life insurance market value forecast: $ billion, 2020–25
Table 5: India non-life insurance market share: % share, by value, 2020
Table 6: The New India Assurance Co Ltd: key facts
Table 7: The New India Assurance Co Ltd: Annual Financial Ratios
Table 8: The New India Assurance Co Ltd: Key Employees
Table 9: The New India Assurance Co Ltd: Key Employees Continued
Table 10: United India Insurance Co Ltd: key facts
Table 11: United India Insurance Co Ltd: Key Employees
Table 12: United India Insurance Co Ltd: Key Employees Continued
Table 13: National Insurance Company Ltd: key facts
Table 14: National Insurance Company Ltd: Key Employees
Table 15: ICICI Lombard General Insurance Co Ltd: key facts
Table 16: ICICI Lombard General Insurance Co Ltd: Annual Financial Ratios
Table 17: ICICI Lombard General 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 non-life insurance market value: $ billion, 2016–20
Table 2: India non–life insurance market category segmentation: $ billion, 2020
Table 3: India non–life insurance market geography segmentation: $ billion, 2020
Table 4: India non-life insurance market value forecast: $ billion, 2020–25
Table 5: India non-life insurance market share: % share, by value, 2020
Table 6: The New India Assurance Co Ltd: key facts
Table 7: The New India Assurance Co Ltd: Annual Financial Ratios
Table 8: The New India Assurance Co Ltd: Key Employees
Table 9: The New India Assurance Co Ltd: Key Employees Continued
Table 10: United India Insurance Co Ltd: key facts
Table 11: United India Insurance Co Ltd: Key Employees
Table 12: United India Insurance Co Ltd: Key Employees Continued
Table 13: National Insurance Company Ltd: key facts
Table 14: National Insurance Company Ltd: Key Employees
Table 15: ICICI Lombard General Insurance Co Ltd: key facts
Table 16: ICICI Lombard General Insurance Co Ltd: Annual Financial Ratios
Table 17: ICICI Lombard General 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 non-life insurance market value: $ billion, 2016–20
Figure 2: India non–life insurance market category segmentation: % share, by value, 2020
Figure 3: India non–life insurance market geography segmentation: % share, by value, 2020
Figure 4: India non-life insurance market value forecast: $ billion, 2020–25
Figure 5: Forces driving competition in the non-life insurance market in India, 2020
Figure 6: Drivers of buyer power in the non-life insurance market in India, 2020
Figure 7: Drivers of supplier power in the non-life insurance market in India, 2020
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in India, 2020
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in India, 2020
Figure 10: Drivers of degree of rivalry in the non-life insurance market in India, 2020
Figure 11: India non-life insurance market share: % share, by value, 2020
Figure 1: India non-life insurance market value: $ billion, 2016–20
Figure 2: India non–life insurance market category segmentation: % share, by value, 2020
Figure 3: India non–life insurance market geography segmentation: % share, by value, 2020
Figure 4: India non-life insurance market value forecast: $ billion, 2020–25
Figure 5: Forces driving competition in the non-life insurance market in India, 2020
Figure 6: Drivers of buyer power in the non-life insurance market in India, 2020
Figure 7: Drivers of supplier power in the non-life insurance market in India, 2020
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in India, 2020
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in India, 2020
Figure 10: Drivers of degree of rivalry in the non-life insurance market in India, 2020
Figure 11: India non-life insurance market share: % share, by value, 2020
