India Non-Life Insurance Market was valued at US$ 13, 7889 Mn. in 2021 and is expected to grow at US$ 22,400 Mn. in 2029. India Non-Life Insurance Market size is expected to grow at a CAGR of 7.18 % through the forecast period.
India Non-Life Insurance Market Overview:
The competitive landscape of the India Non-Life Insurance Market includes information about competitors. The contents include a corporate overview, financials, revenue generated, market potential, investment in research and development, new market efforts, geographical presence, firm strengths and weaknesses, product introduction, and application dominance. The preceding data points are solely relevant to the businesses' focus on the India Non-Life Insurance market.
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India Non-Life Insurance Market Scope:
This India Non-Life Insurance market report discusses new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, opportunities in terms of emerging revenue streams, changes in market regulations, strategic market growth analysis, market size, segmented market growth, application niches, and dominance, product approvals, product launches, geographic expansion For more information on the India Non-Life Insurance market, please contact Maximize Market Research for an Analyst Brief; our experts will assist you in making an informed market choice to achieve market growth.
India Non-Life Insurance Market Segmentation:
by Product
• Motor insurance
• Health insurance
• Fire insurance
• Marine insurance
• Others
Based on the product, In 2021, the market segment with the biggest share was auto insurance. Significant growth in the demand for cars and the requirement of vehicle insurance throughout India. The research offers a thorough segment analysis of the India non-life insurance market, offering both macro and microlevel insights that are quite useful. It protects against specific damage and destruction to the car caused by typhoons, earthquakes, and other natural disasters. Additionally, it covers destruction and damage brought on by riots, strikes, burglaries, and theft of the vehicle. The cover provides protection for the car's owner/driver and fellow passengers while they are travelling. Additionally, the coverage is valid for harm and destruction incurred when getting in or out of the car.
by New Policies Issued
• Public insurer
• Private insurer
• Specialize insurer
by Distribution Channel
• Individual agents
• Corporate agents - banks
• Corporate agents - others
• Brokers
• Direct business
• Others
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India Non-Life Insurance Market Key Players: The following are the key players of the India Non-Life Insurance market-
• Agriculture Insurance Company of India Limited
• Bajaj Allianz General Insurance Company Limited
• HDFC ERGO General Insurance Company Limited
• ICICI Lombard General Insurance Company Limited
• IIFCO Tokio General Insurance
• National Insurance Company Limited
• Oriental Insurance Company Limited
• Star Health and Allied Insurance Company Limited
• Tata AIG General Insurance Company Limited
• The New India Assurance Company Limited
• The Insurance Times
• ICICI Bank
• Mahindra Insurance Brokers Limited
• Royal Sundaram General Insurance Co. Limited
• Universal Sompo General Insurance Co. Ltd.
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Table of content for the E-commerce Logistics Market includes:
- Global India Non-Life Insurance Market: Research Methodology
- Global India Non-Life Insurance Market: Executive Summary
- Market Overview and Definitions
- Introduction to Global India Non-Life Insurance Market
- Summary
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
- Global India Non-Life Insurance Market: Competitive Analysis
- MMR Competition Matrix
- Market Structure by region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- M&A by region
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- PESTLE
- Regulatory Landscape by region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
- Global India Non-Life Insurance Market Segmentation
- Global India Non-Life Insurance Market, by Product (2022-2029)
- Global India Non-Life Insurance Market, by New Policies Issued (2022-2029)
- Global India Non-Life Insurance Market, by Distribution Channel (2022-2029)
- Regional India Non-Life Insurance Market(2022-2029)
- Regional India Non-Life Insurance Market, by Product (2022-2029)
- Regional India Non-Life Insurance Market, by New Policies Issued (2022-2029)
- Regional India Non-Life Insurance Market, by Distribution Channel (2022-2029)
- Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
India Non-Life Insurance Market Regional Analysis:
The geographical section of the research also includes individual market influencing variables and changes in market regulations that effect current and future market trends. Data points such as downstream and upstream value chain analysis, technology trends, porter's five forces analysis, and case studies are only a few of the indicators used to forecast market scenarios for various countries.
COVID-19 Impact Analysis on India Non-Life Insurance Market: The research also addresses the impact of COVID-19 on the India Non-Life Insurance market. The basic purpose of this study is to help the user understand the market in terms of definition, segmentation, market potential, noteworthy trends, and the issues that the industry is facing across key regions. The study provides micro and macroeconomic analysis of the total impact of COVID-19 on the India Non-Life Insurance Market. The specific analysis focuses on market share and size, which clearly demonstrates the influence that the pandemic has had and will have on the worldwide India Non-Life Insurance Market in the next years.
Key Questions Answered in the India Non-Life Insurance Market Report are:
- What will be the CAGR of the India Non-Life Insurance market during the forecast period (2021-2027)?
- Which segment emerged as the leading segment in the India Non-Life Insurance market?
- Which are the prominent players in the India Non-Life Insurance market?
- What key trends are likely to emerge in the India Non-Life Insurance market in the forecast period?
- What will be the India Non-Life Insurance market size by 2027?
- Which company held the largest share in the India Non-Life Insurance market in 2020?
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JUNE 15, 2020: The Non-Life Insurance market in India has been witnessing growth, lately, owing to the introduction of innovative products covering miscellaneous risks associated with the current market scenario.
As of FY 2017, out of the 29 non-life insurance companies operating in India, 23 companies were operating as general insurers, out of which 17 are private sector companies and 6 are public sector companies, and the remaining 6 are standalone health insurers.
The major players operating in the Indian non-life insurance market include the New India Assurance Company Limited, National Insurance Company Limited, ICICI Lombard General Insurance Company Limited, and Bajaj Allianz General Insurance Company Limited.To Request A Sample Copy Of This Report @: https://www.radiantinsights.com/research/non-life-insurance-market-in-india-2018-2023/request-sampleProduct-wise segment insights:The main non-life insurance products offered by the companies in India include motor insurance, health insurance, fire insurance, and marine insurance, among others.
The motor insurance segment dominated the market between FY 2016 and FY 2017, contributing ~39% of the total general insurance gross direct premium collected in FY 2017, owing to a significant rise in the demand of automobiles (passenger vehicles, commercial vehicles, three-wheelers, two-wheelers, and quadricycles), and compulsion of motor insurance across the country.Distribution channel-wise segment insights:Non-life insurance policies are sold in India through individual agents, corporate agents (banks, and others), brokers, and direct business.
Total automobile production in India reached 29 Mn units in FY 2018 from 25 Mn units in FY 2017, owing to the increased purchasing power of the middle-class population, coupled with a growing young working population.
Apart from the automobile industry, growth in health awareness, and rising inclination towards preventive healthcare are encouraging demand for the health insurance segment of the Indian non-life insurance market.Key deterrents to the growth of the market:The rate of non-life insurance penetration, measured as a percentage of insurance premium to gross domestic product (GDP), stood at 0.77% in 2016, which was lower than 0.80% in 2013.
Comprehensive Research on Non Life Insurance Policy Administration Systems Market (By Types, By Applications, By Leading Regions and vital Players) by Crystal Market Research --Segments Outlook, Business evaluation, Competition Scenario, Trends and Forecast 2020-2027 Researches of significant facets of this Non Life Insurance Policy Administration Systems Industry predicated on prevailing industry events, market demands, business strategy endorsed by Non Life Insurance Policy Administration Systems market Prime players along with their growth scenario.Competitive Analysis of Non Life Insurance Policy Administration Systems Market:Sequel Business SolutionsGuidewireDXC TechnologyNIIT TechnologiesPrima SolutionsDuck CreekNon-Life-Insurance Policy Administration Systems MarketContinue...Book Your FREE Sample Copy here @ https://www.crystalmarketresearch.com/report-sample/IC0611770The report also exhibits the Top market players that are estimated on diverse parameters such as the manufacturers summary, revenue generation, product portfolio, and sales analysis of Non Life Insurance Policy Administration Systems share in the forecast period.
Non Life Insurance Policy Administration Systems Market is foreseen to encounter a significant expansion over the figure time span.Key Businesses Segmentation:Non-Life-Insurance Policy Administration Systems Market, By Type, Estimates and Forecast 2016-2027Monthly SubscriptionAnnual SubscriptionNon-Life-Insurance Policy Administration Systems Market, By Application, Estimates and Forecast 2016-2027SME (Small and Medium Enterprises)Large EnterpriseNon-Life-Insurance Policy Administration Systems Market, By Key Players, Estimates and Forecast 2016-2027Sequel Business SolutionsGuidewireDXC TechnologyNIIT TechnologiesPrima SolutionsDuck CreekNon-Life-Insurance Policy Administration Systems MarketRegional Overview:The report gives an overview of the Non Life Insurance Policy Administration Systems Market mainly in the regions of North America, Europe, Asia-Pacific, South America and the Middle East and Africa.SAVE UP TO 10% RIGHT NOW!!!
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