ResearchMoz.us include new market research report " Personal Accident and Health Insurance Industry in India to 2018: Market Size, Shares, Growth, Analysis, Trends And Forecast" to its huge collection of research reports.
The Indian personal accident and health insurance segment posted significant growth during the review period. The segment’s gross written premium increased at a review-period (2009–2013) compound annual growth rate (CAGR) of 21.1%, despite the global financial crisis. The robust growth was driven by increasing healthcare expenditure, favorable government initiatives for large-scale health insurance programs, and the liberalization of industry regulations.
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Despite the increase, penetration remains low due to a lack of consumer awareness of personal accident and health insurance – especially in rural areas, a lack of cover for many diseases, and dependence on sales of products with attached tax benefits.
Scope:-
This report provides a comprehensive analysis of the personal accident and health insurance segment in India:
- It provides historical values for the Indian personal accident and health insurance segment for the report’s 2009–2013 review period, and projected figures for the 2013–2018 forecast period.
- It offers a detailed analysis of the key sub-segments in the Indian personal accident and health insurance segment, along with market forecasts until 2018.
- It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions.
- It analyses the various distribution channels for personal accident and health insurance products in India.
- Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in India for the personal accident and health insurance segment.
- It provides a detailed analysis of the reinsurance segment in India and its growth prospects.
- It profiles the top personal accident and health insurance companies in India and outlines the key regulations affecting them.
Reasons to buy:-
- Make strategic business decisions using in depth historic and forecast market data related to Indian personal accident and health insurance segment and each category within it
- Understand the demand-side dynamics, key market trends and growth opportunities within Indian personal accident and health insurance segment
- Assess the competitive dynamics in the personal accident and health insurance segment, along with the reinsurance segment
- Identify the growth opportunities and market dynamics within key product categories
- Gain insights into key regulations governing Indian insurance segment, and their impact on companies and the market's future
Browse More related reports to Insurance at: http://www.researchmoz.us/insurance-market-reports-161.html
Key highlights:-
- The personal accident and health segment accounted for 5.2% of the overall insurance industry’s gross written premium in 2013
- During the review period (2009–2013) the Indian personal accident and health insurance segment recorded a CAGR of 21.1%.
- Healthcare was one of the fastest-growing categories in India with a review-period CAGR of 22.0%, but a substantial proportion of the population is still unaware of health insurance, especially in rural areas.
- In July 2013, IRDA proposed an increase in the FDI limit from 26% to 49% in order to improve, promote and develop the domestic insurance industry, which was approved by the CCEA in July 2014. The increased cap is anticipated to attract global insurers to invest in the segment, intensifying competition over the forecast period.
- Health insurers used numerous prominent platforms such as print media and television, as well as organizing free health camps, to raise awareness of health insurance during the review period.
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