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."
IDC Financial Insights Opinion | In This Study | Situation Overview | The Approach | Future Outlook | Essential Guidance | Learn More
IDC Financial Insights: Asia/Pacific Insurance Strategies , IDC Financial Insights: Worldwide Insurance Strategies
LIFE INSURANCE CORPORATION, AVIVA PLC, General Insurance Corporation of India, Standard Life Investments Limited, ICICI Prudential PMS Real Estate Portfolio, DLF Pramerica Life Insurance Company Ltd, New York Life Insurance Company, HDFC Standard Life Insurance Company Ltd, Facebook, Inc., AMERICAN INTERNATIONAL GROUP, INC., Allianz SE, Infosys Limited, HSBC HOLDINGS PLC, Assicurazioni Generali - Societa per azioni, Sun Life Financial Inc., METLIFE, INC., BAJAJ ELECTRICALS LIMITED, Lombard Group, Touring Club Suisse (TCS), PRUDENTIAL PUBLIC LIMITED COMPANY, Digital Evolution, Inc., Wipro Limited, DEUTSCHE WELLE Anstalt des oeffentlichen Rechts
Applications, Customer relationship management applications, Failover and failback, Governance, risk and compliance infrastructure, Hardware, Networking services, Printers, Procurement, Routers, Sales enablement, Software, Systems integration services, VoIP, Wireless LAN infrastructure, eCommerce