India Insurance Market Intelligence - Market Research Report On Aarkstore Enterprise.

India Insurance Market Intelligence "Indian insurance industry entered an important

phase in 1998 when the government of India permitted the operation of private sector in the insurance market. The impressive growth in life insurance, the dominating segment, led to an overall growth of the Indian insurance industry. This growth is mainly attributed to the improving standard of living, rising disposable income and literacy in addition to insurance awareness among the people. The general insurance (non-life) segment, on the other hand, witnessed growth due to increase in automobile sales, which, in turn, fuelled motor insurances, and the awareness regarding non-life insurance plans, like health insurance.

The insurance density of India puts the country among the lowest-spending nations in Asia, with the high population growth being one of the factors responsible for this. Higher growth in the economy against the insurance industry resulted in a decline in penetration in the recent past. The foreign players are consistently gaining market share in a notably short period of only ten years in the Indian life insurance market at the expense of Indian companies like LIC, which is also the dominating domestic player so far. The non-life insurance services are mostly availed by the public sector and private players.

The present report gives an overview of the Indian insurance market along with an analysis of the Indian political structure and economic growth. The report provides an insight into the market size and growth in insurance premiums as well as life and non-life premiums. Insurance premiums are discussed in terms of life and non-life segments and the density and penetration levels. The various developments and drivers are also discussed and finally the projections regarding premium growth are given.

By combining SPSS Inc.s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the Indian insurance industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry and its sub-segments life and non-life insurance. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.

Insurance Industry (2008A-2012F)

Table of Contents :

1. Industry Snapshot

1.1 Industry Structure

1.1.1 Large and Growing Insurance Sector

1.1.2 Insurance Sector Went Through Many Regulatory and Structural Reforms

1.1.3 Foreign Capital Brought the Needed Development

1.2 Market Overview

1.2.1 Market Size & Growth

1.2.1.1 Growth Driven by Increase in Income and Insurance Awareness

1.2.1.2 Innovative Products Offering Savings and Investmtents Drive Life Segment

1.2.2 Market Segments

1.2.2.1 Life Dominating the Insurance Market in India

1.2.2.2 Rising Working Population Positively Impacting Life Segment

1.2.2.3 Motor Insurance Largest Segment of Non-Life Insurance

1.2.2.4 Fire Been Traditionally the Profit Earning Business

1.2.3 Market Density & Penetration

1.2.3.1 India, the Lowest-Spending Nations in Asia in Terms of Buying Insurance

1.2.3.2 Low Market Penetration of Life and Non-Life Products

1.2.3.3 High Population Growth One of the Factors for Low Insurance Density

1.2.4 Market Share

1.2.4.1 LIC Dominating the Life Segment Since Nationalization

1.2.4.2 Public Sector Dominance in Non-Life Business

2. Industry Analysis

2.1 Industry Developments

Guidelines Issued by IRDA

Government Raised Insurance Sector FDI Cap to 49%

Launch of New Health Insurance Policies

Public Insurers Planning to Establish a Common TPA

Partnerships and Joint Ventures

2.2 Market Drivers

Rise in GDP

Demand For Terror Insurance

Increasing Household Financial Savings

Rising Urban Per Capita Income

Rising Automobile Sales

Health Insurance the Fastest Growing Segment

Population Growth

3. Country Analysis: Risk Assessment

3.1 Political Environment

3.2 Macro-Economic Indicators: Current and Projections

4. Industry Outlook: Forecast and Projections

4.1 Indian Insurance Market Is Expected to Witness High Growth Rate

4.2 Growth Will Be Fueled by Increase in the Penetration Rate and Income

4.3 The Life Segment Expected to Outperform Non-Life Segment in Terms of Growth

4.4 Immense Opportunity for Insurance Companies to Expand and Grow in India

For more information, please visit :

http://www.aarkstore.com/reports/India-Insurance-Market-Intelligence-40711.html

by: Aarkstore Enterprise

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