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New Market Research Report: India Insurance Report Q3 2011

New Financial Services market report from Business Monitor International: "India Insurance Report Q3 2011"

 
PRLog - Jul. 14, 2011 - Key Insights And Key Risks

* With over 300mn life policies in force, substantial premiums and double-digit growth in both segments, India's insurance sector is one that is both large and rapidly growing by any standard.
 * The sector is only partially liberalised and open to foreign insurers, whose investment in Indian companies is limited to 26%. However, this may change. Foreigners are an obvious source of capital that is needed for a rapidly expanding, but for the most part unprofitable, life segment.
 * There is no obvious catalyst for an expansion in non-life penetration, which is lower than it was five years ago.
 * Regulatory and tax issues are more of a challenge than they are in many other large emerging markets.


India's life segment will be dominated by regulatory changes introduced in mid-2010 by the Insurance Regulatory and Development Authority (IRDA) in relation to unit-linked insurance plans (ULIPs). After winning a turf war with the Securities and Exchange Board of India (SEBI) about who would regulate ULIPs, IRDA bought in a number of changes to improve the way in which ULIPs are sold, to extend the features that they offer policyholders and, most significantly, to reduce/limit the fees and commissions that are paid by policyholders. India's insurers are still reorganising their businesses to deal with the changes.

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Full Report Details at
- http://www.fastmr.com/prod/206780_india_insurance_report_...
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In the long term, IRDA's changes may be fantastically beneficial for the life insurers. It is not impossible that, by making ULIPs far more attractive to the policyholder, IRDA has made it easier for the life companies (or at least some of them) to sell ULIPs. However, in the meantime, many of the life companies will need more capital. There are two obvious solutions: Initial Public Offerings in India, or a relaxation of the rules governing inwards Foreign Direct Investment, so that multi-nationals are allowed to increase their holdings of Indian insurers.

Although it is growing rapidly, the non-life segment is relatively unexciting. Unlike in China, where nonlife penetration is already about twice that of India, there is no obvious growth in the number and value of insurable risks. Non-life penetration is unlikely to rise substantially through the forecast period. Growth will come from an overall expansion in GDP, the number of people who can afford health insurance and the number of motor vehicles on India's roads.

Report Table of Contents:

Executive Summary
- Table: Total Premiumsm 2008-2015
- Key Insights And Key Risks
SWOT Analysis
- Insurance Industry SWOT
- India Political SWOT
- India Economic SWOT
- India Business Environment SWOT
Life Sector
- Asia Pacific Life Sector Overview
- Table: Asia Pacific's Life Premiums, 2008-2015 (US$mn)
- India Life Sector Update
- Table: Breakdown Of First-Year Life Premiums, Year To March 2011 (INRmn)
- Life Industry Forecast Scenario
- Table: Total Life Premiums, 2008-2015
- Growth Drivers And Risk Management Projections
- Population
- Table: Insurance Key Drivers - Demographics, 2008-2015
Non-Life Sector
- Asia Pacific Non-Life Sector Overview
- Table: Asia Pacific's Non-Life Premiums, 2008-2015
- India Non-Life Sector Update
- Table: Breakdown Of Non-Life Segment, Year To March 2011 (INRmn), part 1
- Table: Breakdown Of Non-Life Segment, Year To March 2011 (INRmn), part 2
- Non-Life Industry Forecast Scenario
- Table: Total Non-Life Premiums, 2008-2015
- Growth Drivers And Risk Management Projections
- Macroeconomic Outlook
- Table: India Economic Activity, 2008-2015
- Political Stability Outlook
- Table: Asia Pacific Regional Security Ratings
- Healthcare
- Epidemiology
- Table: Insurance Key Drivers - Disability-Adjusted Life Years, 2008-2015
- Motor
- Table: Insurance Key Drivers - Autos, 2008-2015
- Tourism
- Table: Insurance Key Drivers -Tourism, 2008-2015
Insurance Risk/Reward Ratings
- Table: India's Insurance Risk/Reward Ratings
- Table: Asia Pacific Insurance Risk/Reward Ratings
Competitive Landscape
- Competitive Landscape Analysis
- Major Players In India's Insurance Sector
- Table: Non-Life - Gross Written Premiums Year To March 2011, INRmn
- Table: Life - First-Year Premiums, Six Months To September 30 2010 (INRmn)
- Table: Life - Growth In First-Year Premiums, Six Months To September 30 2010 (% change y-o-y)
Company Profiles
- Regional Company Profiles
- Ageas
- AEGON
- AIA Group Limited
- Allianz
- Aviva
- AXA
- BNP Paribas Cardif
- Chartis
- HDI-Gerling
- HSBC Insurance
- ING Group
- Liberty Mutual
- Manulife
- MetLife ALICO
- Prudential Financial
- Prudential plc
- QBE
- RSA
- Sun Life Financial
- The Principal
- Zurich Financial Services
BMI Methodology
- Insurance Risk/Reward Ratings
- Table: Insurance Risk/Reward Indicators And Rationale
- Table: Weighting Of Indicators

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets.  BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports.  Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports.  View more research from Business Monitor International at http://www.fastmr.com/catalog/publishers.aspx?pubid=1010

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

# # #

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

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Source:Fast Market Research
Phone:1.800.844.8156
Zip:01267
State/Province:Massachusetts - United States
Industry:Finance, Research, Banking
Tags:premiums, insurance, non-life, written
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