1. Non-Life Insurance in India, Key Trends and Opportunities to
2016
Report Details:
Published:October 2012
No. of Pages: 256
Price: Single User License – US$1950
Synopsis
The report provides in depth market analysis, information and insights into the Indian non-life
insurance market, including:
•The Indian non-life insurance market’s growth prospects by non-life insurance categories
•The various distribution channels in the Indian non-life insurance market
•The competitive landscape in the non-life insurance market in India
•A description of the non-life reinsurance market in India
Executive summary
The Indian non-life insurance segment registered significant growth during the review period,
despite the global financial crisis in 2009. The increase was due to the favorable regulation for
motor insurance such as compulsory third-party liability insurance and rising property prices in
major Indian cities including Mumbai and Bangalore. This was further encouraged by rising
income levels, which increased demand for motor and agriculture insurance. The segment is
dominated by public sector insurers, and the combined market value of all the private non-life
insurers is less than half of the total non-life insurance written premium.
Scope
This report provides a comprehensive analysis of the non-life insurance market in India:
•It provides historical values for India’s non-life insurance market for the report’s 2007–2011
review period and forecast figures for the 2012–2016 forecast period
•It offers a detailed analysis of the key sub-segments in India’s non-life 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 non-life insurance products in India
•Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in
India for the non-life insurance business

2. •It provides a detailed analysis of the reinsurance market in India and its growth prospects
•It profiles the top non-life insurance companies in India and outlines the key regulations affecting
them
Key highlights
•The Indian non-life insurance segment registered significant growth during the review period,
despite the global financial crisis in 2009.
•The segment is dominated by public sector insurers, and the combined market value of all the
private non-life insurers is less than half of the total non-life insurance written premium.
•Public sector insurers are expected to continue to dominate the segment over the forecast period,
whereas private non-life insurers are expected to gradually increase their market shares.
•The motor insurance category is expected to further increase its dominance in the non-life
segment over the forecast period.
•The Insurance Regulatory and Development Authority’s (IRDA’s) proposal to increase the foreign
direct investment (FDI) limit for insurance companies from 26% to 49% will be a key growth driver
for the non-life insurance segment.
Reasons to buy
•Make strategic business decisions using historic and forecast market data related to the Indian
non-life insurance market and each sector within it
•Understand the demand-side dynamics, key market trends and growth opportunities within the
Indian non-life insurance market
•Assess the competitive dynamics in the non-life 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 insurance market and its impact on
companies and the market's future
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2016.html
Major points covered in Table of Contents of this report include
Table of Contents
1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Indian Insurance Industry Attractiveness
3.1 Insurance Industry Market Size, 2007–2016
3.2 Key Industry Trends and Drivers
3.2.1 Business drivers
3.2.2 Consumer drivers

3. 3.3 Recent Market Developments
4 Non-Life Insurance Segment Outlook
4.1 Non-Life Insurance Growth Prospects by Category
4.1.1 Property insurance category
4.1.2 Fire and allied perils insurance sub-category
4.1.3 Engineering insurance sub-category
4.1.4 Agriculture insurance sub-category
4.1.5 Other property sub-category
4.2 Motor Insurance Category
4.2.1 Motor hull sub-category
4.2.2 Motor third-party sub-category
4.3 General Third-Party Category
4.4 Marine, Aviation and Transit Category
4.4.1 Marine sub-category
4.4.2 Marine hull insurance
4.4.3 Marine third-party insurance
4.4.4 Aviation sub-category
4.4.5 Transit sub-category
5 Analysis by Distribution Channel
5.1 Direct Marketing Channel
5.2 Bancassurance Channel
5.3 Agencies Channel
5.4 E-Commerce Channel
5.5 Brokers Channel
5.6 Other Channels
6 Regulatory Policies
7 Porter’s Five Forces Analysis – Indian Non-Life Insurance
7.1 Bargaining Power of Supplier: Low to Medium
7.2 Bargaining Power of Buyer: Low
7.3 Barriers to Entry: Medium
7.4 Intensity of Rivalry: Medium to High
7.5 Threat of Substitutes: Low
8 Reinsurance Growth Dynamics and Challenges
8.1 Reinsurance Market Size, 2007–2016
8.2 Reinsurance Market Size by Type of Insurance, 2007–2016
9 Competitive Landscape and Strategic Insights
9.1 Overview
9.2 Leading Companies in the Indian Non-Life Insurance Segment
9.3 Comparison of Top Five Insurers
9.3.1 Gross written premium
9.3.2 Net earned premiums
9.3.3 Paid claims

4. 9.3.4 Total investment income
9.3.5 Total assets
9.4 New India Assurance Co. Ltd – Company Overview
9.4.1 New India Assurance Co. Ltd – key facts
9.4.2 New India Assurance Co. Ltd – key financials
9.5 United India Insurance Co. Ltd – Company Overview
9.5.1 United India Insurance Co. Ltd – key facts
9.5.2 United India Insurance Co. Ltd – key financials
9.6 National Insurance Co. Ltd – Company Overview
9.6.1 National Insurance Co. Ltd – key facts
9.6.2 National Insurance Co. Ltd – key financials
9.7 Oriental Insurance Company Ltd – Company Overview
9.7.1 Oriental Insurance Company Ltd – key facts
9.7.2 Oriental Insurance Company Ltd – key financials
9.8 ICICI Lombard General Insurance Co. Ltd – company overview
9.8.1 ICICI Lombard General Insurance Co. Ltd – key facts
9.8.2 ICICI Lombard General Insurance Co. Ltd – key financials
9.9 Bajaj Allianz General Insurance Co. Ltd – Company Overview
9.9.1 Bajaj Allianz General Insurance Co. Ltd – key facts
9.9.2 Bajaj Allianz General Insurance Co. Ltd – key financials
9.1 IFFCO-Tokio General Insurance Co. Ltd – company overview
9.10.1 IFFCO-Tokio General Insurance Co. Ltd – key facts
9.10.2 IFFCO-Tokio General Insurance Co. Ltd – key financials
9.11 Reliance General Insurance Company Ltd – company overview
9.11.1 Reliance General Insurance Company Ltd – key facts
9.11.2 Reliance General Insurance Company Ltd – key financials
9.12 Tata AIG General Insurance Co. Ltd – Company Overview
9.12.1 Tata AIG General Insurance Company Ltd – key facts
9.12.2 Tata AIG General Insurance Company Ltd – key financials
9.13 Royal Sundaram Alliance Insurance Co. Ltd – Company Overview
9.13.1 Royal Sundaram Alliance Insurance Co. Ltd – key facts
9.13.2 Royal Sundaram Alliance Insurance Co. Ltd – key financials
10 Business Environment and Country Risk
10.1 Business Confidence
10.1.1 Market capitalization trend – Bombay Stock Exchange, India
10.2 Economic Performance
10.2.1 GDP at constant prices (US dollars)
10.2.2 GDP per capita at constant prices (US dollars)
10.2.3 GDP at current prices (US dollars)
10.2.4 GDP per capita at current prices (US dollars)
10.2.5 GDP by key segments
10.2.6 Agricultural net output at current prices (Indian rupees)

5. 10.2.7 Agricultural net output at current prices (US dollars)
10.2.8 Agricultural net output at current prices as a percentage of GDP
10.2.9 Manufacturing net output at current prices (Indian rupees)
10.2.10 Manufacturing net output at current prices (US dollars)
10.2.11 Manufacturing net output at current prices as a percentage of GDP
10.2.12 Mining, manufacturing and utilities net output at current prices (Indian rupees)
10.2.13 Mining, manufacturing and utilities at current prices (US dollars)
10.2.14 Mining, manufacturing and utilities at current prices, as a percentage of GDP
10.2.15 Construction net output at current prices (Indian rupees)
10.2.16 Construction net output at current prices (US dollars)
10.2.17 Construction net output at current prices as a percentage of GDP
10.2.18 Inflation rate
10.2.19 Current account balance as a percentage of GDP
10.2.20 Exports as a percentage of GDP
10.2.21 Imports as a percentage of GDP
10.2.22 Exports growth
10.2.23 Imports growth
10.2.24 Annual average exchange rate US$–INR
10.2.25 End-of-period exchange rate US$–INR
10.3 Infrastructure Quality and Availability
10.3.1 Total airports and sea ports
10.3.2 Railways and roadways
10.3.3 Passenger vehicle production volume
10.3.4 Commercial vehicle production volume
10.3.5 Automotive component exports trend
10.3.6 Automotive component imports trend
10.3.7 Passenger car penetration
10.3.8 Healthcare expenditure
10.3.9 Healthcare expenditure as a percentage of GDP
10.3.10 Healthcare expenditure per capita
10.3.11 Total internet subscribers
10.4 Labor Force
10.4.1 Labor force
10.4.2 Unemployment rate
10.5 Demographics
10.5.1 Annual disposable income
10.5.2 Annual per capita disposable income
10.5.3 Total population
10.5.4 Urban and rural populations
10.5.5 Female percentage of the population
10.5.6 Male percentage of the population
10.5.7 Mean age of the population

6. 10.5.8 Median age of population
10.5.9 Population density
10.5.10 Age distribution of the total population
10.5.11 Age distribution of the male population
10.5.12 Age distribution of the female population
10.5.13 Number of households
10.6 Political and Social Risk
10.6.1 Political stability
10.6.2 Terrorism index
10.6.3 Transparency index
11 Appendix
11.1 Methodology
11.2 Contact Us
11.3 About Timetric
11.4 Disclaimer
List of Tables
Table 1: Insurance Industry Definitions
Table 2: Indian Insurance – Overall Written Premium by Segment (INR Billion), 2007–2011
Table 3: Indian Insurance – Overall Written Premium by Segment (US$ Billion), 2007–2011
Table 4: Indian Insurance – Overall Written Premium by Segment (INR Billion), 2011–2016
Table 5: Indian Insurance – Overall Written Premium by Segment (US$ Billion), 2011–2016
Table 6: Indian Insurance – Segmentation (% Share), 2007–2016
Table 7: Indian Non-Life Insurance – Written Premium by Category (INR Billion), 2007–2011
Table 8: Indian Non-Life Insurance – Written Premium by Category (US$ Billion), 2007–2011
Table 9: Indian Non-Life Insurance – Written Premium by Category (INR Billion), 2011–2016
Table 10: Indian Non-Life Insurance – Written Premium by Category (US$ Billion), 2011–2016
Table 11: Indian Non-Life Insurance – Earned Premium (INR Billion), 2007–2011
Table 12: Indian Non-Life Insurance – Earned Premium (INR Billion), 2011–2016
Table 13: Indian Non-Life Insurance – Paid Claims by Category (INR Billion), 2007–2011
Table 14: Indian Non-Life Insurance – Paid Claims by Category (US$ Billion), 2007–2011
Table 15: Indian Non-Life Insurance – Paid Claims by Category (INR Billion), 2011–2016
Table 16: Indian Non-Life Insurance – Paid Claims by Category (US$ Billion), 2011–2016
Table 17: Indian Non-Life Insurance – Incurred Loss by Category (INR Billion), 2007–2011
Table 18: Indian Non-Life Insurance – Incurred Loss by Category (US$ Billion), 2007–2011
Table 19: Indian Non-Life Insurance – Incurred Loss by Category (INR Billion), 2011–2016
Table 20: Indian Non-Life Insurance – Incurred Loss by Category (US$ Billion), 2011–2016
Table 21: Indian Non-Life Insurance – Loss Ratio (%), 2007–2011
Table 22: Indian Non-Life Insurance – Loss Ratio (%), 2011–2016
Table 23: Indian Non-Life Insurance – Commission and Expenses (INR Billion), 2007–2011
Table 24: Indian Non-Life Insurance – Commission and Expenses (INR Billion), 2011–2016
Table 25: Indian Non-Life Insurance – Combined Ratio (%), 2007–2011
Table 26: Indian Non-Life Insurance – Combined Ratio (%), 2011–2016

7. Table 27: Indian Non-Life Insurance – Frauds and Crimes (INR Billion), 2007–2011
Table 28: Indian Non-Life Insurance – Frauds and Crimes (INR Billion), 2011–2016
Table 29: Indian Non-Life Insurance – Total Assets (INR Billion), 2007–2011
Table 30: Indian Non-Life Insurance – Total Assets (INR Billion), 2011–2016
Table 31: Indian Non-Life Insurance – Total Investment Income (INR Billion), 2007–2011
Table 32: Indian Non-Life Insurance – Total Investment Income (INR Billion), 2011–2016
Table 33: Indian Non-Life Insurance – Retentions (INR Billion), 2007–2011
Table 34: Indian Non-Life Insurance – Retentions (INR Billion), 2011–2016
Table 35: Indian Property Insurance – Written Premium by Sub-Category (INR Billion), 2007–2011
Table 36: Indian Property Insurance – Written Premium by Sub-Category (US$ Billion),
2007–2011
Table 37: Indian Property Insurance – Written Premium by Sub-Category (INR Billion), 2011–2016
Table 38: Indian Property Insurance – Written Premium by Sub-Category (US$ Billion),
2011–2016
Table 39: Indian Property Insurance – Loss Ratio (%), 2007–2011
Table 40: Indian Property Insurance – Loss Ratio (%), 2011–2016
Table 41: Indian Fire and Allied Perils Insurance – Number of Policies Sold (Thousand),
2007–2011
Table 42: Indian Fire and Allied Perils Insurance – Number of Policies Sold (Thousand),
2011–2016
Table 43: Indian Fire and Allied Perils Insurance – Written Premium (INR Billion), 2007–2011
Table 44: Indian Fire and Allied Perils Insurance – Written Premium (INR Billion), 2011–2016
Table 45: Indian Engineering Insurance – Number of Policies Sold (Thousand), 2007–2011
Table 46: Indian Engineering Insurance – Number of Policies Sold (Thousand), 2011–2016
Table 47: Indian Engineering Insurance – Written Premium (INR Billion), 2007–2011
Table 48: Indian Engineering Insurance – Written Premium (INR Billion), 2011–2016
Table 49: Indian Agriculture Insurance – Number of Policies Sold (Thousand), 2007–2011
Table 50: Indian Agriculture Insurance – Number of Policies Sold (Thousand), 2011–2016
Table 51: Indian Agriculture Insurance – Written Premium (INR Billion), 2007–2011
Table 52: Indian Agriculture Insurance – Written Premium (INR Billion), 2011–2016
Table 53: Indian Other Property Insurance – Number of Policies Sold (Thousand), 2007–2011
Table 54: Indian Other Property Insurance – Number of Policies Sold (Thousand), 2011–2016
Table 55: Indian Other Property Insurance – Written Premium (INR Billion), 2007–2011
Table 56: Indian Other Property Insurance – Written Premium (INR Billion), 2011–2016
Table 57: Indian Motor Insurance – Written Premium by Sub-Category (INR Billion), 2007–2011
Table 58: Indian Motor Insurance – Written Premium by Sub-Category (US$ Billion), 2007–2011
Table 59: Indian Motor Insurance – Written Premium by Sub-Category (INR Billion), 2011–2016
Table 60: Indian Motor Insurance – Written Premium by Sub-Category (US$ Billion), 2011–2016
Table 61: Indian Motor Insurance – Loss Ratio (%), 2007–2011
Table 62: Indian Motor Insurance – Loss Ratio (%), 2011–2016
Table 63: Indian Motor Hull Insurance – Number of Policies Sold (Thousand), 2007–2011
Table 64: Indian Motor Hull Insurance – Number of Policies Sold (Thousand), 2011–2016

8. Table 65: Indian Motor Hull Insurance – Written Premium (INR Billion), 2007–2011
Table 66: Indian Motor Hull Insurance – Written Premium (INR Billion), 2011–2016
Table 67: Indian Motor Third-Party Insurance – Number of Policies Sold (Thousand), 2007–2011
Table 68: Indian Motor Third-Party Insurance – Number of Policies Sold (Thousand), 2011–2016
Table 69: Indian Motor Third-Party Insurance – Written Premium (INR Billion), 2007–2011
Table 70: Indian Motor Third-Party Insurance – Written Premium (INR Billion), 2011–2016
Table 71: Indian General Third-Party Insurance – Number of Policies Sold (Thousand),
2007–2011
Table 72: Indian General Third-Party Insurance – Number of Policies Sold (Thousand),
2011–2016
Table 73: Indian General Third-Party Insurance – Written Premium (INR Billion), 2007–2011
Table 74: Indian General Third-Party Insurance – Written Premium (INR Billion), 2011–2016
Table 75: Indian General Third-Party Insurance – Loss Ratio (%), 2007–2011
Table 76: Indian General Third-Party Insurance – Loss Ratio (%), 2011–2016
Table 77: Indian Marine, Aviation and Transit Insurance – Written Premium by Sub-Category (INR
Billion), 2007–2011
Table 78: Indian Marine, Aviation and Transit Insurance – Written Premium by Sub-Category (US$
Billion), 2007–2011
Table 79: Indian Marine, Aviation and Transit Insurance – Written Premium by Sub-Category (INR
Billion), 2011–2016
Table 80: Indian Marine, Aviation and Transit Insurance – Written Premium by Sub-Category (US$
Billion), 2011–2016
Table 81: Indian Marine, Aviation and Transit Insurance – Loss Ratio (%), 2007–2011
Table 82: Indian Marine, Aviation and Transit Insurance – Loss Ratio (%), 2011–2016
Table 83: Indian Marine Insurance – Written Premium by Policy Type (INR Billion), 2007–2011
Table 84: Indian Marine Insurance – Written Premium by Policy Type (US$ Billion), 2007–2011
Table 85: Indian Marine Insurance – Written Premium by Policy Pype (INR Billion), 2011–2016
Table 86: Indian Marine Insurance – Written Premium by Sub-category (US$ Billion), 2011–2016
Table 87: Indian Marine Hull Insurance – Number of Policies Sold (Thousand), 2007–2011
Table 88: Indian Marine Hull Insurance – Number of Policies Sold (Thousand), 2011–2016
Table 89: Indian Marine Hull Insurance – Written Premium (INR Billion), 2007–2011
Table 90: Indian Marine Hull Insurance – Written Premium (INR Billion), 2011–2016
Table 91: Indian Marine Third-Party Insurance – Number of Policies Sold (Thousand), 2007–2011
Table 92: Indian Marine Third-Party Insurance – Number of Policies Sold (Thousand), 2011–2016
Table 93: Indian Marine Third-Party Insurance – Written Premium (INR Billion), 2007–2011
Table 94: Indian Marine Third-Party Insurance – Written Premium (INR Billion), 2011–2016
Table 95: Indian Aviation Insurance – Number of Policies Sold (Thousand), 2007–2011
Table 96: Indian Aviation Insurance – Number of Policies Sold (Thousand), 2011–2016
Table 97: Indian Aviation Insurance – Written Premium (INR Billion), 2007–2011
Table 98: Indian Aviation Insurance – Written Premium (INR Billion), 2011–2016
Table 99: Indian Transit Insurance – Number of Policies Sold (Thousand), 2007–2011
Table 100: Indian Transit Insurance – Number of Policies Sold (Thousand), 2011–2016

9. Table 101: Indian Transit Insurance – Written Premium (INR Billion), 2007–2011
Table 102: Indian Transit Insurance – Written Premium (INR Billion), 2011–2016
Table 103: Indian Non-Life Insurance – Direct Marketing Commission Paid (INR Billion),
2007–2011
Table 104: Indian Non-Life Insurance – Direct Marketing Commission Paid (INR Billion),
2011–2016
Table 105: Indian Non-Life Insurance – Written Premium Through Direct Marketing (INR Billion),
2007–2011
Table 106: Indian Non-Life Insurance – Written Premium Through Direct Marketing (INR Billion),
2011–2016
Table 107: Indian Non-Life Insurance – Policies Sold Through Direct Marketing (Thousand),
2007–2011
Table 108: Indian Non-Life Insurance – Policies Sold Through Direct Marketing (Thousand),
2011–2016
Table 109: Indian Non-Life Insurance – Number of Direct Marketing Distributors, 2007–2011
Table 110: Indian Non-Life Insurance – Number of Direct Marketing Distributors, 2011–2016
Table 111: Indian Non-Life Insurance – Bancassurance Commission Paid (INR Billion),
2007–2011
Table 112: Indian Non-Life Insurance – Bancassurance Commission Paid (INR Billion),
2011–2016
Table 113: Indian Non-Life Insurance – Written Premium Through Bancassurance (INR Billion),
2007–2011
Table 114: Indian Non-Life Insurance – Written Premium Through Bancassurance (INR Billion),
2011–2016
Table 115: Indian Non-Life Insurance – Policies Sold Through Bancassurance (Thousand),
2007–2011
Table 116: Indian Non-Life Insurance – Policies Sold Through Bancassurance (Thousand),
2011–2016
Table 117: Indian Non-Life Insurance – Number of Bancassurance Distributors, 2007–2011
Table 118: Indian Non-Life Insurance – Number of Bancassurance Distributors, 2011–2016
Table 119: Indian Non-Life Insurance – Commission Paid to Agencies (INR Billion), 2007–2011
Table 120: Indian Non-Life Insurance – Commission Paid to Agencies (INR Billion), 2011–2016
Table 121: Indian Non-Life Insurance – Written Premium Through Agencies (INR Billion),
2007–2011
Table 122: Indian Non-Life Insurance – Written Premium Through Agencies (INR Billion),
2011–2016
Table 123: Indian Non-Life Insurance – Policies Sold Through Agencies (Thousand), 2007–2011
Table 124: Indian Non-Life Insurance – Policies Sold Through Agencies (Thousand), 2011–2016
Table 125: Indian Non-Life Insurance – Number of Agencies, 2007–2011
Table 126: Indian Non-Life Insurance – Number of Agencies, 2011–2016
Table 127: Indian Non-Life Insurance – E-Commerce Commission Paid (INR Billion), 2007–2011
Table 128: Indian Non-Life Insurance – E-Commerce Commission Paid (INR Billion), 2011–2016

10. Table 129: Indian Non-Life Insurance – Written Premium Through E-Commerce (INR Billion),
2007–2011
Table 130: Indian Non-Life Insurance – Written Premium Through E-Commerce (INR Billion),
2011–2016
Table 131: Indian Non-Life Insurance – Policies Sold Through E-Commerce (Thousand),
2007–2011
Table 132: Indian Non-Life Insurance – Policies Sold Through E-Commerce (Thousand),
2011–2016
Table 133: Indian Non-Life Insurance – Number of E-Commerce Distributors, 2007–2011
Table 134: Indian Non-Life Insurance – Number of E-Commerce Distributors, 2011–2016
Table 135: Indian Non-Life Insurance – Commission Paid to Brokers (INR Billion), 2007–2011
Table 136: Indian Non-Life Insurance – Commission Paid to Brokers (INR Billion), 2011–2016
Table 137: Indian Non-Life Insurance – Written Premium Through Brokers (INR Billion),
2007–2011
Table 138: Indian Non-Life Insurance – Written Premium Through Brokers (INR Billion),
2011–2016
Table 139: Indian Non-Life Insurance – Policies Sold Through Brokers (Thousand), 2007–2011
Table 140: Indian Non-Life Insurance – Policies Sold Through Brokers (Thousand), 2011–2016
Table 141: Indian Non-Life Insurance – Number of Brokers, 2007–2011
Table 142: Indian Non-Life Insurance – Number of Brokers, 2011–2016
Table 143: Indian Non-Life Insurance – Commission Paid to Other Channels (INR Billion),
2007–2011
Table 144: Indian Non-Life Insurance – Commission Paid to Other Channels (INR Billion),
2011–2016
Table 145: Indian Non-Life Insurance – Written Premium Through Other Channels (INR Billion),
2007–2011
Table 146: Indian Non-Life Insurance – Written Premium Through Other Channels (INR Billion),
2011–2016
Table 147: Indian Non-Life Insurance – Policies Sold Through Other Channels (Thousand),
2007–2011
Table 148: Indian Non-Life Insurance – Policies Sold Through Other Channels (Thousand),
2011–2016
Table 149: Indian Non-Life Insurance – Number of Distributors in Other Channels, 2007–2011
Table 150: Indian Non-Life Insurance – Number of Distributors in Other Channels, 2011–2016
Table 151: Reinsurance Market in India by Category (INR billion), 2007–2011
Table 152: Reinsurance Market in India by Category (US$ Billion), 2007–2011
Table 153: Reinsurance Market in India by Category (INR billion), 2011–2016
Table 154: Reinsurance Market in India by Category (US$ Billion), 2011–2016
Table 155: Premium Ceded to Reinsurance by Type of Insurance (INR billion), 2007–2011
Table 156: Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2007–2011
Table 157: Premium Ceded to Reinsurance by Type of Insurance (INR billion), 2011–2016
Table 158: Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2011–2016

11. Table 159: Indian Non-Life Insurance – Percentage of Reinsurance Ceded, 2007–2011
Table 160: Indian Non-Life Insurance – Percentage of Reinsurance Ceded, 2011–2016
Table 161: Indian Non-Life Insurance – Market Shares (%), 2007 – 2011
Table 162: New India Assurance Co. Ltd, Key Facts
Table 163: New India Assurance Co. Ltd, Key Financials (INR Million)
Table 164: United India Insurance Co. Ltd, Key Facts
Table 165: United India Insurance Co. Ltd, Key Financials (INR Million)
Table 166: National Insurance Co. Ltd, Key Facts
Table 167: National Insurance Co. Ltd, Key Financials (INR Million)
Table 168: Oriental Insurance Company Ltd, Key Facts
Table 169: Oriental Insurance Company Ltd, Key Financials (INR Million)
Table 170: ICICI Lombard General Insurance Co. Ltd, Key Facts
Table 171: ICICI Lombard General Insurance Co. Ltd , Key Financials (INR Million)
Table 172: Bajaj Allianz General Insurance Co. Ltd, Key Facts
Table 173: Bajaj Allianz General Insurance Co, Key Financials (INR Billion)
Table 174: IFFCO-Tokio General Insurance Co. Ltd, Key Facts
Table 175: IFFCO-Tokio General Insurance Co. Ltd, Key Financials (INR Million)
Table 176: Reliance General Insurance Company Ltd, Key Facts
Table 177: Reliance General Insurance Company Ltd, Key Financials (INR Million)
Table 178: Tata AIG General Insurance Company Ltd, Key Facts
Table 179: Tata AIG General Insurance Company Ltd, Key Financials (INR Million)
Table 180: Royal Sundaram Alliance Insurance Co. Ltd, Key Facts
Table 181: Royal Sundaram Alliance Insurance Co. Ltd, Key Financials (INR Million)
List of Figures
Figure 1: Indian Insurance – Overall Written Premium by Segment (INR Billion), 2007–2016
Figure 2: Indian Insurance – Market Dynamics by Segment, 2007–2016
Figure 3: Indian Non-Life Insurance – Written Premium by Category (INR Billion), 2007–2016
Figure 4: Indian Non-Life Insurance – Written Premium by Category (% Share), 2011 and 2016
Figure 5: Indian Non-Life Insurance – Market Dynamics by Category, 2007–2016
Figure 6: Indian Non-Life Insurance – Earned Premium (INR Billion), 2007–2011
Figure 7: Indian Non-Life Insurance – Earned Premium (INR Billion), 2011–2016
Figure 8: Indian Non-Life Insurance – Paid Claims by Category (INR Billion), 2007–2016
Figure 9: Indian Non-Life Insurance – Incurred Loss by Category (INR Billion), 2007–2016
Figure 10: Indian Non-Life Insurance – Loss Ratio (%), 2007–2011
Figure 11: Indian Non-Life Insurance – Loss Ratio (%), 2011–2016
Figure 12: Indian Non-Life Insurance – Commission and Expenses (INR Billion), 2007–2011
Figure 13: Indian Non-Life Insurance – Commission and Expenses (INR Billion), 2011–2016
Figure 14: Indian Non-Life Insurance – Combined Ratio (%), 2007–2011
Figure 15: Indian Non-Life Insurance – Combined Ratio (%), 2011–2016
Figure 16: Indian Non-Life Insurance – Frauds and Crimes (INR Billion), 2007–2011
Figure 17: Indian Non-Life Insurance – Frauds and Crimes (INR Billion), 2011–2016
Figure 18: Indian Non-Life Insurance – Total Assets (INR Billion), 2007–2011

12. Figure 19: Indian Non-Life Insurance – Total Assets (INR Billion), 2011–2016
Figure 20: Indian Non-Life Insurance – Total Investment Income (INR Billion), 2007–2011
Figure 21: Indian Non-Life Insurance – Total Investment Income (INR Billion), 2011–2016
Figure 22: Indian Non-Life Insurance – Retentions (INR Billion), 2007–2011
Figure 23: Indian Non-Life Insurance – Retentions (INR Billion), 2011–2016
Figure 24: Indian Non-Life Insurance – Investment Portfolio (INR Billion), 2007–2011
Figure 25: Indian Non-Life Insurance – Investment Portfolio (% Share), 2007 and 2011
Figure 26: Indian Non-Life Insurance – Penetration (% of GDP), 2007–2011
Figure 27: Indian Non-Life Insurance – Number of Policies Sold (Thousand), 2007–2011
Figure 28: Indian Non-Life Insurance – Number of Policies Sold (Thousand), 2011–2016
Figure 29: Indian Non-Life Insurance – Premium Per Capita (INR), 2007–2011
Figure 30: Indian Property Insurance – Written Premium (INR Billion) by Sub-Category,
2007–2016
Figure 31: Indian Property Insurance – Market Dynamics by Sub-Category, 2007–2016
Figure 32: Indian Property Insurance – Loss Ratio (%), 2007–2011
Figure 33: Indian Property Insurance – Loss Ratio (%), 2011–2016
Figure 34: Indian Fire and Allied Perils Insurance – Number of Policies Sold (Thousand),
2007–2011
Figure 35: Indian Fire and Allied Perils Insurance – Number of Policies Sold (Thousand),
2011–2016
Figure 36: Indian Fire and Allied Perils Insurance – Written Premium (INR Billion), 2007–2011
Figure 37: Indian Fire and Allied Perils Insurance – Written Premium (INR Billion), 2011–2016
Figure 38: Indian Engineering Insurance – Number of Policies Sold (Thousand), 2007–2011
Figure 39: Indian Engineering Insurance – Number of Policies Sold (Thousand), 2011–2016
Figure 40: Indian Engineering Insurance – Written Premium (INR Billion), 2007–2011
Figure 41: Indian Engineering Insurance – Written Premium (INR Billion), 2011–2016
Figure 42: Indian Agriculture Insurance – Number of Policies Sold (Thousand), 2007–2011
Figure 43: Indian Agriculture Insurance – Number of Policies Sold (Thousand), 2011–2016
Figure 44: Indian Agriculture Insurance – Written Premium (INR Billion), 2007–2011
Figure 45: Indian Agriculture Insurance – Written Premium (INR Billion), 2011–2016
Figure 46: Indian Other Property Insurance – Number of Policies Sold (Thousand), 2007–2011
Figure 47: Indian Other Property Insurance – Number of Policies Sold (Thousand), 2011–2016
Figure 48: Indian Other Property Insurance – Written Premium (INR Billion), 2007–2011
Figure 49: Indian Other Property Insurance – Written Premium (INR Billion), 2011–2016
Figure 50: Indian Motor Insurance – Written Premium and by Sub-Category (INR Billion),
2007–2016
Figure 51: Indian Motor Insurance – Market Dynamics by Sub-Category, 2007–2016
Figure 52: Indian Motor Insurance – Loss Ratio (%), 2007–2011
Figure 53: Indian Motor Insurance – Loss Ratio (%), 2011–2016
Figure 54: Indian Motor Hull Insurance – Number of Policies Sold (Thousand), 2007–2011
Figure 55: Indian Motor Hull Insurance – Number of Policies Sold (Thousand), 2011–2016
Figure 56: Indian Motor Hull Insurance – Written Premium (INR Billion), 2007–2011

13. Figure 57: Indian Motor Hull Insurance – Written Premium (INR Billion), 2011–2016
Figure 58: Indian Motor Third-Party Insurance – Number of Policies Sold (Thousand), 2007–2011
Figure 59: Indian Motor Third-Party Insurance – Number of Policies Sold (Thousand), 2011–2016
Figure 60: Indian Motor Third-Party Insurance – Written Premium (INR Billion), 2007–2011
Figure 61: Indian Motor Third-Party Insurance – Written Premium (INR Billion), 2011–2016
Figure 62: Indian General Third-Party Insurance – Number of Policies Sold (Thousand),
2007–2011
Figure 63: Indian General Third-Party Insurance – Number of Policies Sold (Thousand),
2011–2016
Figure 64: Indian General Third-Party Insurance – Written Premium (INR Billion), 2007–2011
Figure 65: Indian General Third-Party Insurance – Written Premium (INR Billion), 2011–2016
Figure 66: Indian General Third-Party Insurance – Loss Ratio (%), 2007–2011
Figure 67: Indian General Third-Party Insurance – Loss Ratio (%), 2011–2016
Figure 68: Indian Marine, Aviation and Transit Insurance – Written Premium (INR Billion) by Sub-
Category, 2007–2016
Figure 69: Indian Marine, Aviation and Transit Insurance – Market Dynamics by Sub-Category,
2007–2016
Figure 70: Indian Marine, Aviation and Transit Insurance – Loss Ratio (%), 2007–2011
Figure 71: Indian Marine, Aviation and Transit Insurance – Loss Ratio (%), 2011–2016
Figure 72: Indian Marine Insurance – Written Premium by Policy Type (INR Billion), 2007–2016
Figure 73: Indian Marine Insurance – Market Dynamics by Sub-Category, 2007–2016
Figure 74: Indian Marine Hull Insurance – Number of Policies Sold (Thousand), 2007–2011
Figure 75: Indian Marine Hull Insurance – Number of Policies Sold (Thousand), 2011–2016
Figure 76: Indian Marine Hull Insurance – Written Premium (INR Billion), 2007–2011
Figure 77: Indian Marine Hull Insurance – Written Premium (INR Billion), 2011–2016
Figure 78: Indian Marine Third-Party Insurance – Number of Policies Sold (Thousand), 2007–2011
Figure 79: Indian Marine Third-Party Insurance – Number of Policies Sold (Thousand), 2011–2016
Figure 80: Indian Marine Third-Party Insurance – Written Premium (INR Billion), 2007–2011
Figure 81: Indian Marine Third-Party Insurance – Written Premium (INR Billion), 2011–2016
Figure 82: Indian Aviation Insurance – Number of Policies Sold (Thousand), 2007–2011
Figure 83: Indian Aviation Insurance – Number of Policies Sold (Thousand), 2011–2016
Figure 84: Indian Aviation Insurance – Written Premium (INR Billion), 2007–2011
Figure 85: Indian Aviation Insurance – Written Premium (INR Billion), 2011–2016
Figure 86: Indian Transit Insurance – Number of Policies Sold (Thousand), 2007–2011
Figure 87: Indian Transit Insurance – Number of Policies Sold (Thousand), 2011–2016
Figure 88: Indian Transit Insurance – Written Premium (INR Billion), 2007–2011
Figure 89: Indian Transit Insurance – Written Premium (INR Billion), 2011–2016
Figure 90: Indian Non-Life Insurance – Written Premium by Distribution Channel (% Share), 2011
and 2016
Figure 91: Indian Non-Life Insurance – Direct Marketing Commission Paid (INR Billion),
2007–2011
Figure 92: Indian Non-Life Insurance – Direct Marketing Commission Paid (INR Billion),

14. 2011–2016
Figure 93: Indian Non-Life Insurance – Written Premium Through Direct Marketing (INR Billion),
2007–2011
Figure 94: Indian Non-Life Insurance – Written Premium Through Direct Marketing (INR Billion),
2011–2016
Figure 95: Indian Non-Life Insurance – Policies Sold Through Direct Marketing (Thousand),
2007–2011
Figure 96: Indian Non-Life Insurance – Policies Sold Through Direct Marketing (Thousand),
2011–2016
Figure 97: Indian Non-Life Insurance – Number of Direct Marketing Distributors, 2007–2011
Figure 98: Indian Non-Life Insurance – Number of Direct Marketing Distributors, 2011–2016
Figure 99: Indian Non-Life Insurance – Bancassurance Commission Paid (INR Billion), 2007–2011
Figure 100: Indian Non-Life Insurance – Bancassurance Commission Paid (INR Billion),
2011–2016
Figure 101: Indian Non-Life Insurance – Written Premium Through Bancassurance (INR Billion),
2007–2011
Figure 102: Indian Non-Life Insurance – Written Premium Through Bancassurance (INR Billion),
2011–2016
Figure 103: Indian Non-Life Insurance – Policies Sold Through Bancassurance (Thousand),
2007–2011
Figure 104: Indian Non-Life Insurance – Policies Sold Through Bancassurance (Thousand),
2011–2016
Figure 105: Indian Non-Life Insurance – Number of Bancassurance Distributors, 2007–2011
Figure 106: Indian Non-Life Insurance – Number of Bancassurance Distributors, 2011–2016
Figure 107: Indian Non-Life Insurance – Commission Paid to Agencies (INR Billion), 2007–2011
Figure 108: Indian Non-Life Insurance – Commission Paid to Agencies (INR Billion), 2011–2016
Figure 109: Indian Non-Life Insurance – Written Premium Through Agencies (INR Billion),
2007–2011
Figure 110: Indian Non-Life Insurance – Written Premium Through Agencies (INR Billion),
2011–2016
Figure 111: Indian Non-Life Insurance – Policies Sold Through Agencies (Thousand), 2007–2011
Figure 112: Indian Non-Life Insurance – Policies Sold Through Agencies (Thousand), 2011–2016
Figure 113: Indian Non-Life Insurance – Number of Agencies, 2007–2011
Figure 114: Indian Non-Life Insurance – Number of Agencies, 2011–2016
Figure 115: Indian Non-Life Insurance – E-Commerce Commission Paid (INR Billion), 2007–2011
Figure 116: Indian Non-Life Insurance – E-Commerce Commission Paid (INR Billion), 2011–2016
Figure 117: Indian Non-Life Insurance – Written Premium Through E-Commerce (INR Billion),
2007–2011
Figure 118: Indian Non-Life Insurance – Written Premium Through E-Commerce (INR Billion),
2011–2016
Figure 119: Indian Non-Life Insurance – Policies Sold Through E-Commerce (Thousand),
2007–2011

15. Figure 120: Indian Non-Life Insurance – Policies Sold Through E-Commerce (Thousand),
2011–2016
Figure 121: Indian Non-Life Insurance – Number of E-Commerce Distributors, 2007–2011
Figure 122: Indian Non-Life Insurance – Number of E-Commerce Distributors, 2011–2016
Figure 123: Indian Non-Life Insurance – Commission Paid to Brokers (INR Billion), 2007–2011
Figure 124: Indian Non-Life Insurance – Commission Paid to Brokers (INR Billion), 2011–2016
Figure 125: Indian Non-Life Insurance – Written Premium Through Brokers (INR Billion),
2007–2011
Figure 126: Indian Non-Life Insurance – Written Premium Through Brokers (INR Billion),
2011–2016
Figure 127: Indian Non-Life Insurance – Policies Sold Through Brokers (Thousand), 2007–2011
Figure 128: Indian Non-Life Insurance – Policies Sold Through Brokers (Thousand), 2011–2016
Figure 129: Indian Non-Life Insurance – Number of Brokers, 2007–2011
Figure 130: Indian Non-Life Insurance – Number of Brokers, 2011–2016
Figure 131: Indian Non-Life Insurance – Commission Paid to Other Channels (INR Billion),
2007–2011
Figure 132: Indian Non-Life Insurance – Commission Paid to Other Channels (INR Billion),
2011–2016
Figure 133: Indian Non-Life Insurance – Written Premium Through Other Channels (INR Billion),
2007–2011
Figure 134: Indian Non-Life Insurance – Written Premium Through Other Channels (INR Billion),
2011–2016
Figure 135: Indian Non-Life Insurance – Policies Sold Through Other Channels (Thousand),
2007–2011
Figure 136: Indian Non-Life Insurance – Policies Sold Through Other Channels (Thousand),
2011–2016
Figure 137: Indian Non-Life Insurance – Number of Distributors in Other Channels, 2007–2011
Figure 138: Indian Non-Life Insurance – Number of Distributors in Other Channels, 2011–2016
Figure 139: Indian Non-Life Insurance Market – Five Forces Analysis
Figure 140: Premium Ceded to Reinsurance by Category (INR billion), 2007–2016
Figure 141: Premium Ceded to Reinsurance by Category (% Share), 2011 and 2016
Figure 142: Reinsurance Market Dynamics by Category, 2007–2016
Figure 143: Premium Ceded to Reinsurance by Type of Insurance (INR billion), 2007–2016
Figure 144: Reinsurance Market Dynamics by Type of Insurance, 2007–2016
Figure 145: Indian Non-Life Insurance – Percentage of Reinsurance Ceded, 2007–2011
Figure 146: Indian Non-Life Insurance – Percentage of Reinsurance Ceded, 2011–2016
Figure 147: Indian Non-Life Insurance – Market Shares (%), 2007 and 2011
Figure 148: Gross Written Premium – Top Five Indian Non-Life Insurers, 2010–2011
Figure 149: Net Earned Premiums – Top Five Indian Non-Life Insurers, 2010–2011
Figure 150: Non-Life Insurance Gross Claims – Top Five Indian Non-Life Insurers, 2010–2011
Figure 151: Total Investment Income – Top Five Indian Non-Life Insurers, 2010–2011
Figure 152: Total Assets – Top Five Indian Non-Life Insurers, 2010–2011

16. Figure 153: Indian Stock Exchange Market Capitalization (US$ Billion), 2007–2011
Figure 154: Indian GDP at Constant Prices (US$ Billion), 2007–2011
Figure 155: Indian GDP Per Capita at Constant Prices (US$), 2007–2011
Figure 156: Indian GDP at Current Prices (US$ Billion), 2007–2011
Figure 157: Indian GDP Per Capita at Current Prices (US$), 2007–2011
Figure 158: Indian GDP by Key Segments (%) 2009 and 2011
Figure 159: Indian Agricultural Net Output at Current Prices (INR Billion), 2007–2011
Figure 160: Indian Agricultural Net Output at Current Prices (US$ Billion), 2007–2011
Figure 161: Indian Agricultural Net Output at Current Prices as a Percentage of GDP (%),
2007–2011
Figure 162: Indian Manufacturing Net Output at Current Prices (INR Billion), 2007–2011
Figure 163: Indian Manufacturing Net Output at Current Prices (US$ Billion), 2007–2011
Figure 164: Indian Manufacturing Net Output at Current Prices as a Percentage of GDP (%),
2007–2011
Figure 165: Indian Mining, Manufacturing and Utilities Net Output at Current Prices (IDR Billion),
2007–2011
Figure 166: Indian Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion),
2007–2011
Figure 167: Indian Mining, Manufacturing and Utilities Net Output at Current Prices as a
Percentage of GDP (%), 2007–2011
Figure 168: Indian Construction Net Output at Current Prices (INR Billion), 2007–2011
Figure 169: Indian Construction Net Output at Current Prices (US$ Billion), 2007– 2011
Figure 170: Indian Construction Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 171: Indian Inflation Rate (%), 2007–2011
Figure 172: Indian Current Account Balance as a Percentage of GDP(%), 2007–2011
Figure 173: Indian Exports as a Percentage of GDP (%), 2007–2011
Figure 174: Indian Imports as a Percentage of GDP (%), 2007–2011
Figure 175: Indian Exports Growth (%), 2007–2011
Figure 176: Indian Imports Growth (%), 2007–2011
Figure 177: Indian Annual Average Exchange Rate US$–INR, 2007–2011
Figure 178: Indian End-of-Period Exchange Rate US$–INR, 2007–2011
Figure 179: Total Number of Indian Airports and Sea Ports, 2011
Figure 180: Indian Railways and Roadways (Kilometers), 2011
Figure 181: Indian Passenger Vehicle Production, 2007–2011
Figure 182: Indian Commercial Vehicle Production, 2007–2011
Figure 183: Indian Automotive Component Exports (US$ Billion), 2007–2011
Figure 184: Indian Automotive Component Imports (US$ Billion), 2007–2011
Figure 185: Indian Passenger Car Penetration (per thousand people), 2007–2011
Figure 186: Indian Healthcare Expenditure (US$ Billion), 2007–2011
Figure 187: Indian Healthcare Expenditure as a Percentage of GDP (%), 2007–2011
Figure 188: Indian Per Capita Healthcare Expenditure (US$), 2007–2011
Figure 189: Indian Internet Subscriptions (Millions), 2007–2011

17. Figure 190: Indian Size of Labor Force in 15–59 Age Group (Million), 2007–2011
Figure 191: Indian Unemployment Rate (%), 2007–2011
Figure 192: Indian Annual Disposable Income (US$ Billion), 2007–2011
Figure 193: Indian Annual Per Capita Disposable Income (US$), 2007–2011
Figure 194: Indian Total Population (Million), 2007–2011
Figure 195: Indian Urban and Rural Populations (%), 2007–2011
Figure 196: Indian Females as a Percentage of the Population (%), 2007–2011
Figure 197: Indian Males as Percentage of the Population (%), 2007–2011
Figure 198: India Mean Age of Population (Years), 2007–2011
Figure 199: India Median Age of Population (Years), 2007–2011
Figure 200: India Population Density (per Square Kilometer), 2007–2011
Figure 201: India Population Distribution by Age (%), 2007–2011
Figure 202: India Male Population Distribution by Age (%), 2007–2011
Figure 203: India Female Population Distribution by Age (%), 2007–2011
Figure 204: India Households, Number of (Million), 2007–2011
Figure 205: Global Terrorism Heat Map, 2011
Figure 206: India Transparency Index, 2007–2011
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