Indian Insurance Industry Forecast (2007-2009)

Table of Contents

1. Analyst View

2. Research Overview

3. Industry Overview

• 3.1 Global Insurance Industry Scenario
• 3.2 Global Top Insurance Companies
• 3.3 Global Insurance Business - By Geography
• 3.4 India vis-à-vis World

4. Industry Performance

• 4.1 Indian Insurance Industry - A Historical Perspective
• 4.2 Indian Insurance Industry Market Performance
  • 4.2.1 Life Insurance
    • 4.2.1.1 Pension
  • 4.2.2 Non-Life Insurance
    • 4.2.2.1 Non-Life Insurance Products
    • 4.2.2.2 Health Insurance
    • 4.2.2.3 Micro Insurance
      • 4.2.2.3.1 Details of Micro Insurance
    • 4.2.2.4 Crop Insurance

5. Government' s Regulation

• 5.1 Insurance Regulatory & Development Authority (Appointed Actuary) Regulations, 2000
• 5.2 Insurance Regulatory & Development Authority (Assets, Liabilities, & Solvency Margin of Insurers) Regulations, 2000
• 5.3 Insurance Regulatory & Development Authority (Obligations of Insurers to Rural Social Sectors) Regulations, 2002
• 5.4 IRDA Guidelines for Opening of Representative/Liaison Offices Overseas by an Indian Insurance Company

6. Industry Analysis

• 6.1 Key Driving Forces
  • 6.1.1 GDP Growth
  • 6.1.2 Changing Consumer Perspectives & Habits
  • 6.1.3 Deregulation
  • 6.1.4 Multi Channel Distribution System
  • 6.1.5 Role of IRDA
• 6.2 Opportunities and Challenges
  • 6.2.1 Opportunities
    • 6.2.1.1 Job Opportunities in the Insurance & Related Sectors
    • 6.2.1.2 Low Insurance Penetration
    • 6.2.1.3 Outsourcing
    • 6.2.1.4 Deregulation
    • 6.2.1.5 New Products
    • 6.2.1.6 New Distribution Channels
  • 6.2.2 Challenges
    • 6.2.2.1 Building Distribution Channels to Reach Untapped Market
    • 6.2.2.2 Deregulation & Consolidation of Financial Services
    • 6.2.2.3 Unpredictable Climatic Conditions
    • 6.2.2.4 High Level of Regulation
• 6.3 Future Outlook
  • 6.3.1 Life Insurance Market (2007-2009)
  • 6.3.2 Non-life Insurance Market (2007-2009)

7. Key Industry Players

• 7.1 Life Insurance
  • 7.1.1 Bajaj Allianz
  • 7.1.2 ING Vysya
  • 7.1.3 AMP Sanmar Assurance Limited
  • 7.1.4 SBI Life
  • 7.1.5 Tata AIG Life
  • 7.1.6 HDFC Standard
  • 7.1.7 ICICI Prudential Life Insurance
  • 7.1.8 Birla Sunlife
  • 7.1.9 Aviva Life Insurance
  • 7.1.10 Kotak Mahindra Old Mutual
  • 7.1.11 Max New York Life
  • 7.1.12 Met Life
  • 7.1.13 Sahara Life
  • 7.1.14 LIC
• 7.2 General Insurance
  • 7.2.1 Royal Sundaram
  • 7.2.2 Tata-AIG General
  • 7.2.3 Reliance General
  • 7.2.4 IFFCO-Tokio
  • 7.2.5 ICICI-Lombard
  • 7.2.6 HDFC Chubb
  • 7.2.7 New India Assurance Company Limited
  • 7.2.8 National Insurance Company Limited
  • 7.2.9 United India Insurance Company Limited
  • 7.2.10 Oriental Insurance Limited

List of Figures:

• Figure 3-1: Global - Share of Life & Non-life Insurance Premiums (%), 2005
• Figure 3-2: India - Share in Global Insurance Business (%), 2005
• Figure 4-1: India - People Covered by the Type of Insurance Company (%), 2005
• Figure 4-2: India - Insurance Products under Micro Insurance (in Numbers), 2005
• Figure 4-3: India - Health Coverage under Micro Insurance (in Numbers), 2005
• Figure 4-4: India - Life Insurance Products under Micro Insurance (in Numbers), 2005
• Figure 4-5: India - Farmers Covered by National Agriculture Insurance Scheme (%), 2003-04 & 2004-05
• Figure 6-1: India - Nominal GDP (in Billion US$), 2002-2005
• Figure 6-2: India - Real GDP Growth by Sector (%), Mar. 2001-Mar.2005 & Sep. 2005
• Figure 6-3: India - Foreign Direct Investment (in Billion US$), 2001-2005
• Figure 6-4: India - Forecast for Life Insurance Market (in Billion Rs), 2007-2009
• Figure 6-5: India - Forecast for Non-Life Insurance (in Billion Rs), 2007-2009

List of Tables:

• Table 3-1: Global - Life & Non-life Insurance Premiums (in Trillion US$), 1996-2005
• Table 3-2: Global - Top 10 Insurance Companies by Revenue (in Million US$), 2004
• Table 3-3: Global - Top 10 Property/Casualty Insurance Companies by Revenue (in Million US$), 2004
• Table 3-4: Global - Top 10 Life/Health Insurance Companies by Revenue (in Million US$), 2004
• Table 3-5: Global - Top 10 Re-insurers by Net Re-insurance Premiums Written (in Million US$), 2005
• Table 3-6: Global - Top 10 Insurance Brokers by Revenue (in Million US$), 2004
• Table 3-7: Global - Top Insurance Countries by Direct Premiums Written (in Billion US$), 2005
• Table 4-1: India - Performance of Life Insurance Companies (in Rs Lakh), Dec. 2006
• Table 4-2: India - Performance of Non-Life Insurance Companies (in Rs Lakh), 2005-06 & 2006-07
• Table 4-3: India - Provisional & Unaudited Gross Premium Underwritten by Non-Life Insurers by Segment (in Rs Lakh), Sep. 2006
• Table 4-4: India - Number of People Covered under Various Health Insurance Schemes (in Million), 2005
• Table 4-5: India - Performance of National Agriculture Insurance Scheme (2000-2005)
• Table 6-1: India - Change in the Composition of Income Groups