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Axco's insurance market report provides expert analysis, market insight, company performance data and market statistics for the Indian non-life (property and casualty) market. The detailed report is produced following a visit to the country and interviews with industry professionals working in India's insurance sector. Systematic updates are published throughout the cycle, to the latest developments in the India non-life (P&C) market as well as trends by line of business. Axco analysts also report on India's economic factors, the local political situation, and sections on climate, operational, and security risks. The report is suitable for insurers, reinsurance companies, brokers and insurance buyers.
The report describes India's insurance regulations and requirements, including vital compliance requirements such as if non admitted insurance is permitted in India, what are the local rules on licensing and detailing any relevant taxes and charges for the insurer and the insured.
View detailed analysis of local lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers' liability and liability. The report lists the insurance companies operating in India, their market share and investigates how much premium is written through the sector’s different distribution channels.
Statistics include five years of non-life (P&C) market performance indicators, including gross written premiums, premium growth, penetration, profitability ratios, and premium by line of business. Company statistics show who are the leading non-life insurance companies in India with local company premiums, market share and year on year growth, expense ratios and retentions by line of business.
Germany has Europe's largest domestic non-life market, followed by France and the UK, and is the fifth largest in the world, after the US, China, South Korea and Japan.
Preliminary figures from the German Insurance Association (Gesamtverband der Deutschen Versicherungswirtschaft eV - GDV) put total domestic direct non-life insurance premiums in 2020 at EUR 74.80bn (USD 89.81bn) (up just over 2% on 2019), of which the largest classes were motor (about 38% of non-life premium) and property ....
This is a brief extract of information; more updated information may be available in the latest published report
