Business Strategy: Country Report — Spotlighting the Indian Insurance Sector

Document Overview

Price: US $4,500

Author: Li-May Chew

Business Strategy
September, 2010 - Doc # FIN224856
Number of Pages: 35
Number of Figures: 2

Overview

This IDC Financial Insights report provides an overview of the key developments within India's life and non-life insurance sectors, discusses challenges and potential resolutions, and shares insights into the new lines of business such as health insurance and microinsurance. It also highlights the expanded role of the insurance regulator, and the state of adoption and evolving function of technology.

"We are interested in highlighting the Indian market, given that its premium growth has radically outpaced those within industrialized Western nations in recent years. With 17% of the world's population, miniscule penetration rates, and mounting awareness for risk prevention and pension provisions, India boasts a vibrant insurance market that is poised to be a focal point for international carriers for many years to come," comments Li-May Chew, CFA, associate research director for Financial Insights' Asia/Pacific Financial Advisory Service.

"A country report is not complete without market sizing, and we have further included information on the consolidated financial services sector market in India for 2008–2013, with these figures built upon data points captured by various trackers that IDC India runs and on the insights and judgments of our analysts."