Assignment Writing Help on SWOT Analysis of Insurance Industry in India
Project Report on Insurance Industry in India
Case Study on Insurance Industry Analysis in India
Key Insights On India's Insurance Sector
Writing in February 2011, actual final data for 2009 is included and
estimates for 2010 have been amended in order to take into account of results
for H110 that have actually been released by major cross-border insurers in the
Asia Pacific region. For the fiscal year ending March 31 2011, we estimate
total premiums in India of INR3,613,019mn. This includes non-life premiums of
INR424,770mn and life premiums of INR3,188,249mn. This implies a growth rate of
22% for the non-life market and 25% from the life segment. In the year to March
31 2016, the corresponding figures are forecast to be INR6,269,697mn,
INR849,710mn and INR5,419,987mn. In terms of the key drivers that underpin our
forecasts, we expect non-life penetration to rise from 0.59% to 0.60% and for
life density to increase from US$58 per capita to a still low US$111 per capita
over our forecast period. This may prove to be conservative, but at this stage
we are reluctant to improve our assumptions until a more significant trend of
rising penetration emerges. BMI's Insurance Business Environment Rating
for India is 55.8.
As was the case in previous quarters, we provide rankings of the major
players in each of the two main segments, as reported by the organisation
providing the data (which is usually the regulator or trade associations). In
India, the four largest state-owned insurance companies, New India, National,
United India and Oriental, remain dominant and collectively
account for about 60% of the premiums written in the non-life segment. Life
Insurance Corporation of India (LIC) accounts for nearly 75% of life
premiums. ICICI Prudential and Bajaj Allianz are the next largest
players. Over time, we hope to derive insights from observing how market shares
change. We emphasise, however, that a decline in the share of gross written
premiums is not automatically a bad thing and is often the result of a
corporate decision to focus on more profitable business lines.
India
Insurance Industry SWOT
|
|
Strengths
|
|
Weaknesses
|
|
Opportunities
|
|
Threats
|
|
Very interesting thing I just come across at MyDeals247.com - I could choose any number of pants and shirts (from the list) at very heavy discount rates (up to 75% off online) - more we buy more discount - I never seen this before.
ReplyDeleteआपने एक अच्छा निबंध विषय चुन लिया है और मैंने वास्तव में इसका आनंद उठाया है.मुझे हमारे साथ इस तरह के अच्छे और जानकारीपूर्ण विषय को साझा करने के लिए धन्यवाद चाहिए। मैं खोज रहा था sop for phd और पाया कि आपके लेख में मूल्यवान सुझाव और सुझाव हैं
ReplyDeleteA Fortune 500 diversified insurance and financial services provider wanted to accomplish a large-scale Software AG webMethods environment upgrade with ease. Our team of professionals helped them accomplish it and enabled them to achieve company-level compliance using Kerberos authentication. We also deployed a command center that helped them manage future updates and upgrades.
ReplyDeleteTo know more about insurance and financial services provider click here:http://bit.ly/2M9IdUo