Personal Accident and Health Insurance in India, Key Trends and Opportunities to 2016: Rural Penetration Key to Market Expansion


#88259

218pages

Timetric

$ 1950

In Stock


Synopsis

The report provides top-level market analysis, information and insights into the Indian personal accident and health insurance market, including:

  • The Indian personal accident and health insurance markets growth prospects by personal accident and health insurance categories
  • The various distribution channels in the Indian personal accident and health insurance market
  • The competitive landscape in the personal accident and health insurance market
  • A description of the personal accident and health reinsurance market in India

Summary

The Indian personal accident and health insurance market has a significant number of public sector insurers. Private accident and health insurers account for less than 50 percent of the total accident and health insurance written premium. During the forecast period (2012-2016), public sector insurers are expected to regain a major share of the market, while the private accident and health insurers are expected to increase their market share gradually in India.

Scope

This report provides a comprehensive analysis of the personal accident and health insurance market in India:

  • It provides historical values for Indias personal accident and health insurance market for the reports 20072011 review period and forecast figures for the 20122016 forecast period 
  • It offers a detailed analysis of the key sub-segments in Indias personal accident and health insurance market, along with market forecasts until 2016
  • It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions 
  • It analyses the various distribution channels for personal accident and health insurance products in India 
  • Using Porters industry-standard Five Forces analysis, it details the competitive landscape in India for the personal accident and health insurance business
  • It provides a detailed analysis of the reinsurance market in India and its growth prospects
  • It profiles the top personal accident and health insurance companies in India, and outlines the key regulations affecting them

Reasons To Buy

  • Make strategic business decisions using top-level historic and forecast market data related to the Indian personal accident and health insurance market and each sector within it
  • Understand the demand-side dynamics, key market trends and growth opportunities within the Indian personal accident and health insurance market
  • Assess the competitive dynamics in the personal accident and health insurance market, along with the reinsurance segment
  • Identify the growth opportunities and market dynamics within key product categories
  • Gain insights into key regulations governing the Indian personal accident and health insurance market and its impact on companies and the market's future

Key Highlights

  • Despite the global economic crisis, the Indian personal accident and health insurance market continued to record healthy growth during the review period
  • Driven by increasing accident and health insurance awareness, rising healthcare costs and government initiatives, the total personal accident and healthcare insurance written premium in India is projected to continue growing at a healthy rate during the forecast period
  • The largest category in the personal accident and health insurance market is health insurance, which generated 88.4% of the markets total written premiums in 2011
  • The Indian personal accident and health insurance market has a significant number of public-sector insurers, and private accident and health insurers account for less than 50% of the total accident and health insurance written premium. During the forecast period, public-sector insurers are expected to regain a large share of the market, while private accident and health insurers are expected to gradually increase their market share in India.
  • The Insurance Development and Regulatory Authority (IRDA) has proposed a decrease in the capital requirements for standalone health insurance companies from US$20.83 million to US$10.42 million. This change is anticipated to increase the number of standalone health insurance companies in India during the forecast period