Research and Markets: Non-Life Insurance in India, Key Trends and Opportunities to 2016 Profiles the Top Non-Life Insurance Companies in India and Outlines the Key Regulations Affecting Them

DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/mjp7lj/nonlife) has announced the addition of the "Non-Life Insurance in India, Key Trends and Opportunities to 2016" report to their offering.

?Non-Life Insurance in India, Key Trends and Opportunities to 2016?

The Indian non-life insurance segment registered significant growth during the review period, despite the global financial crisis in 2009. The increase was due to the favorable regulation for motor insurance such as compulsory third-party liability insurance and rising property prices in major Indian cities including Mumbai and Bangalore. This was further encouraged by rising income levels, which increased demand for motor and agriculture insurance.

This report provides a comprehensive analysis of the non-life insurance market in India:

- It provides historical values for India's non-life insurance market for the report's 2007-2011 review period and forecast figures for the 2012-2016 forecast period

- It offers a detailed analysis of the key sub-segments in India's non-life insurance market, along with market forecasts until 2016

Key Highlights

- The Indian non-life insurance segment registered significant growth during the review period, despite the global financial crisis in 2009.

- The segment is dominated by public sector insurers, and the combined market value of all the private non-life insurers is less than half of the total non-life insurance written premium.

- The motor insurance category is expected to further increase its dominance in the non-life segment over the forecast period.

- The Insurance Regulatory and Development Authority's (IRDA's) proposal to increase the foreign direct investment (FDI) limit for insurance companies from 26% to 49% will be a key growth driver for the non-life insurance segment.

Companies Mentioned

New India Assurance Co. Ltd

United India Insurance Co. Ltd

National Insurance Co. Ltd

Oriental Insurance Company Ltd

ICICI Lombard General Insurance Co. Ltd

Bajaj Allianz General Insurance Co. Ltd

IFFCO-Tokio General Insurance Co. Ltd

Reliance Gene

For more information visit http://www.researchandmarkets.com/research/mjp7lj/nonlife

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