发布时间：2008.3

摘要

Countries covered: India

The Indian Insurance Industry Report provides insightful analysis, market overview, industry structure and outlook of life and non-life insurance industries in the country. Richly laden with quantitative analysis, the report provides the reader with a rudimentary preface to Indian insurance industry. The closely summarized Indian market report is designed to offer a macro level picture of the trends, challenges, market structure/basics, and recent mergers & acquisitions, and strategic corporate developments witnessed by the industry. Also provided is a compilation of recent past/ historical perspective of the country’s insurance market and corporate developments within the industry. The report examines the leading companies’ footing in insurance markets at regional level, along with their annual written premiums and/ or market shares. Regional key and niche players briefly discussed and abstracted in the report include Bajaj Allianz, General Insurance Co., ICICI Prudential Life Insurance Co. Ltd., and Life Insurance Corp. of India.

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目录及图表

1. Market Overview

Table 1: Indian Recent Past, Current & Future Analysis for

Insurance Industry by Segment - Life and Non-Life Markets

Independently Analyzed with Premiums in US$ Million for the

Years 2005 through 2012 (includes corresponding Graph/Chart).

Table 2: Indian 8 -Year Perspective for Insurance Industry by

Segment - Percentage Breakdown of Premiums for Life and

Non-Life Markets for 2005, 2008, and 2012 (includes

corresponding Graph/Chart).

Table 3: Insurance Industry in India (2006): Per Capita

Premium in US$, and Penetration of Insurance by Category -

Life and Non-Life

Indian Economy - A Goldmine For Foreign Insurance Companies

IRDA Act Shapes Up the Industry for Future

Indian Government Mulls Hike in Foreign Participation in Insurance Sector

Insurance Bill to Merge General Insurance Companies

A Promising Market

Market Potential of India

Insurers Face Growing Global M&A Activity

Penetration of Life Insurance

Low Growth in the Past

High Premium Slows Penetration

Liberalization of the Indian Market

The Prelude

A Walk Unto the Free Market

Public Insurers Still Going Strong

Emergence of New Distribution Channels

Internet - A Potential Distribution Channel

Overview of Indian Insurance Market

Semi-Urban and Rural Areas - The High Growth Market Segments

Children’s Policies Offer Huge Growth Potential

Overview of Indian Life Insurance Market

Growth Drivers

Growth in Per Capita Income

Superior Penetration Levels

Variations in Product Mix

Long-term Financial Instruments

Competition and Player Strategies

Indian Life Insurance Industry to Soar to New Heights

Pension Segment Offers Huge Potential

Opportunities Aboard

Characteristics of the Indian Insurance Industry

Reforms Spawn New Entries

Middle Class: The Largest Contributor

Population

GDP Stats Focus Untapped Potential

Mid 90’s Perspective

LIC: The Biggest Market Taker

Non-Life Insurance Market - The GIC Fort

Insurance Regulatory and Development Act

Guidelines for Investment

2. Segmental Analysis

2a. Life Insurance

Tremendous Potential for Indian Life Insurance Sector

Private and Public Face off

Table 4: Indian Life Insurance Industry (2006): Premium

Underwritten in INR Billion by Insurers - LIC, ICICI Prulife,

Bajaj Allianz, HDFC Standard Life, Birla Sunlife, SBI Life,

Tata AIG, Max New York, Kotak Mahindra, Aviva, ING Vysya,

Reliance Life, MetLife, Sahara, Shriram Life

Table 5: Indian Life Insurance Industry (2004): Gross

Written Premium in US$ Million by Leading Companies for LIC,

ICICI Prudential, Birla Sunlife, HDFC Standard, Tata AIG, SBI

Life, Allianz Bajaj, Max New York, OM Kotak, and ING Vysya

Table 6: Top-Five Players in the Indian Life Insurance

Industry (2003) - Gross Written Premium in US$ Million for

LIC, ICICI Prudential, Birla Sunlife, HDFC Standard, and Max

New York

2b. Non-Life Insurance

IRDA Plans Free Price Regime for Non-Life Insurance Sector

Table 7: Indian General Insurance Market (2006 & 2007):

Percentage Breakdown of Premiums by Product Category for

Motor OD, Fire, PA & Health, Motor TP, Engineering, and

Others (includes corresponding Graph/Chart)

Table 8: Indian Non-Life Insurance Industry (2006): Gross

Direct Premium Income Underwritten in INR Billion by Non-Life

Insurers - New India, Oriental, National, United, ICICI

Lombard, Bajaj Allianz, IFFCO-TOKIO, Tata AIG, Royal

Sundaram, Cholamandalam, HDFC Chubb, and Reliance (includes

corresponding Graph/Chart)

Table 9: Indian P&C Market (2002-2003): Premium Written by

Insurance Companies in INR Million

Health Insurance - Gaining Acceptance

Table 10: Indian Recent Past, Current & Future Analysis for

Health Insurance Market by Premiums Written in US$ Million

for the Years 2006 through 2012. (includes corresponding

Graph/Chart)

Health Insurance Sector Faces Challenges

Microinsurance - Vast Untapped Market

3. Landscaping the Indian Insurance Industry

Private Insurance Companies Growing Considerably

Life Insurance

Non-Life Insurance

Leading Private Players

ICICI-Prudential

Bajaj Allianz

Birla Sun Life Insurance Raring to go

Sun Life’s Success Story

The Entrenched State Players

LIC - The Undisputed Leader

General Insurance Company (GIC)

Growing Participation of Overseas Players

Foreign Players Partnering with Indian Players in the Indian Insurance Sector

Performance of Multi-National Companies

Global Reinsurers Hold Back Feet

Opportunity for Global Reinsurers

Managing Reinsurance Needs

Hurdles All the Way

Basic Strategies for New Entrants

Challenges for Banks/NBFCs

Table 11: Leading Banks into Insurance Sector in India (2000): Banks Ranked by Net Worth in INR Billion (includes corresponding Graph/Chart)

Other Participants

Role of Cooperatives in the Insurance Sector

Agents/Brokers

Factors Contributing Towards Success of Insurers

Table 12: Key factors Determining Success of an Insurance Company in India (includes corresponding Graph/Chart)

Information Technology in the Indian Insurance Industry

Challenges for the Insurance Industry

Insurers’ Ad Spend Belie Expectations

Internet Sales Could Prove Difficult

Marketing Mix Set for a Change

Changing Distribution Trends

Effective Product Strategies - A Must

Pricing Trends

Factors Impacting Profitability and Competition

Outlook

4. Product Launches

LIC Introduces New Unit Linked Plans

Reliance Introduces New Life Insurance Service

ICICI Lombard Introduces Health Advantage Plus

SBI Life to Introduce New Insurance Policy

Max New York introduced SMART Invest Pension Scheme

PNB Introduces New Health Insurance Product

LIC Introduces Group Critical Illness Rider

LIC to Launch Health Insurance Plan

United India Insurance to Introduce 3 New Health Insurance Policies

Aviva Introduces Non-Unit Linked Investment Plan

SBI Life Introduces Pension Product

Aviva Introduces Systematic Individual Savings Plans

5. Recent Industry Activity

HSBC Ties-up with OBC and Canara Bank

Aviva Life Insurance’s Indian Joint Venture Ties Up with Apex Bank

Tata AIG Enters into Partnership with BISWA

Tata AIG Plans Major Expansion in Orissa

Cholamandalam MS Partners with IndusInd Bank

Bank of Maharashtra to Form Joint Venture for Non-life Insurance

Bank of India to Establish Joint Venture for Life Insurance

Andhra Bank to Form Joint Venture for Life Insurance

Apollo Hospitals Enters the Health Insurance Market

Future Generali Commences Insurance Business in India

ICICI Secures Approval for Divest Stake in Insurance Business

HDFC Divests General Insurance Stake to ERGO International

Vijaya Bank to Quit PNB-PFG Life Insurance Venture

QBE Enters into Agreement with Rajan Raheja Group

ICICI Prudential Life Teams Up with mChek

TTK to Commence Retail Health Insurance

ICICI and SCB to Form Alliance

Canara Bank, HSBC and Oriental Bank Teams Up to Float Life Insurance Venture

ICICI Lombard Introduces First Health Insurance Plan

Aviva Life Insurance Teams Up with IndusInd Bank

BoI, Dai-ichi and Union Bank Floats Joint Venture Company

Andhra Bank, BoB and Legal & General Group to Enter into JV

ICICI Prudential & Dignity Foundation Introduces ActivAge

Apollo Establishes New Company

Sompo Japan Acquires Stake in Universal Sompo

HDFC to Acquire Chubb’s Stake

Bank of Baroda to Form Life Insurance JV

ING Group to Partner with India Post

DLF and Prudential to Form Insurance JV in India

HSBC Enters into Joint Venture

Aviva Teams Up Induslnd Bank

Mastek to Buy Vector Insurance

Aegon Signs JV with Religare

Federal Bank, IDBI and Fortis in a JV for Life Business in India

Swiss Re to Acquire Stake in TKK Healthcare

Aviva Enters into Agreement with Centurion Bank of Punjab

IDBI, Federal Bank and Fortis Sign MoU to Establish a New Life Insurance Firm

Oriental Bank to Enter into Life Insurance Business Sector

Hinduja Group Signs MoU with European Insurer

Postal Life Insurance Under Postal Administration Cover

LIC’s Global Expansion Drives the Insurance Giant to Middle East

Principal Financial Group Buys Stake in Avani Insurance Services

LIC to Rope in Overseas Partners for Health Insurance

Gecis Partners with Liberata of UK

HDFC Chubb Ventures into Liability Insurance

LIC International Receives License for Operating in UAE

IDBI Plans to Enter Life Insurance Business

IL&FS Investsmart to Debut Insurance Broking

Crawford Sets Foot in India

ECGC To Introduce New Insurance Policy

6. Strategic Developments in the Past

United Guaranty Corp Acquires Stake in India Mortgage

Sun Insurance Acquires Stake in Genins India

Kotak Mahindra Finance Forms Joint Venture with Old Mutual

DCM Shriram Consolidated and Zurich Financial Services Group Sign MOU

India Alive Tours Appointed as an Agent for Tata-AIG General Insurance

Maruti Forms Partnership with Two Insurance Companies

Max New York Life and Escotel Mobile Form Alliance

Family Health Plan Forms an Alliance with Food Corp. of India

JK Insurance Services Forms Alliance with Birla Sun Life Insurance

IFFCO-Tokio Marine Forms Partnership with Shield Autoglass

Dabur CGU Life Insurance Acquires Insurance Corp. of Singapore

Aditya Birla Group Forms Joint Venture with Sun Life Financial Services

Jammu & Kashmir Bank Signs Joint Venture With Metlife

Royal Sundaram Alliance, Fiat Auto and Fisaf form Joint Venture

‘Escolife’ Commences Operations

Birla Sunlife Insurance and Citibank Partner on Insurance Products

Emedlife Health Services Inks Alliance With Oriental Insurance Corp

General Insurance Corp Forms a Strategic Alliance with Saudi Firms

HDFC Standard Life Forms Alliance with Cholamandalam

Tata AIG Life Insurance Forms Alliance with Amadeus for Product Show Casing

ICICI Prudential Forms Alliance with Indus Group

Tata AIG Enters into Agreement with Hong Kong & Shanghai Banking Corp.

Central Bank of India Signs Agreement with Life Insurance Corp.

State Bank of India and Cardif Acquire Life Insurance Licenses

Insurance Regulatory & Development Authority Approves Birla Sun Life Insurance to Launch its Operations

7. Focus on Select Indian Players

Bajaj Allianz General Insurance Co., India - Largest Private Non-Life Insurer in India.

General Insurance Corp.

ICICI Prudential Life Insurance Co. Ltd.

Life Insurance Corp. of India - Largest Life Insurer in India