General Insurance
Insurance sector in India
Index
Topic Page numbers
1. Brief history of the Insurance sector in India 1 – 3 2. Life Insurance industry in India 3 – 31 - Market structure - Product mix and margins - Key factors driving growth and profitability - Market share dynamics – LIC v/s Private cos - Analysis of the big 5 private players - Life Re-insurance 3. Non-Life insurance industry in India 32 – 42 - Market structure and products - Market share dynamics - Impact of de-tariffing - Re-insurance 4. Expanding access to insurance 43 – 53 - Rural insurance - Micro-insurance - Crop insurance - Credit insurance 8. Challenges to the Indian insurance industry 54 – 58 9. Conclusion 59 – 60 10. Bibliography and Glossary 61 – 63 Appendices
1. Life product features 64
2. Overview of regulations 65 – 69
3. India, China and UK market comparison – Life insurance 70
4. Market access regimes in Asia 71
5. Financial saving of the Household sector (Gross) – IRDA Annual report 2005-06 72
6. List of Regulations framed under the IRDA Act, 1999 73
7. Solvency ratios of Life and Non-Life insurers (2005-06) 74 - 75
8. Bancassurance – Banks as distribution partners 76
Insurance sector in India
The insurance sector in India has come a full circle from being an open competitive market to nationalisation and back to a liberalised market again. Tracing the developments in the Indian insurance sector reveals the 360-degree turn witnessed over a period of almost two centuries. Insurance in India started without any regulations in the nineteenth century. It was a typical story of a colonial era: a few British insurance companies dominating the market serving mostly large urban centers.
A brief history of the Insurance sector
The business of life insurance in India in its existing form started in India in the year 1818 with the establishment of the Oriental Life Insurance Company in Calcutta.
Some
Index
Topic Page numbers
1. Brief history of the Insurance sector in India 1 – 3 2. Life Insurance industry in India 3 – 31 - Market structure - Product mix and margins - Key factors driving growth and profitability - Market share dynamics – LIC v/s Private cos - Analysis of the big 5 private players - Life Re-insurance 3. Non-Life insurance industry in India 32 – 42 - Market structure and products - Market share dynamics - Impact of de-tariffing - Re-insurance 4. Expanding access to insurance 43 – 53 - Rural insurance - Micro-insurance - Crop insurance - Credit insurance 8. Challenges to the Indian insurance industry 54 – 58 9. Conclusion 59 – 60 10. Bibliography and Glossary 61 – 63 Appendices
1. Life product features 64
2. Overview of regulations 65 – 69
3. India, China and UK market comparison – Life insurance 70
4. Market access regimes in Asia 71
5. Financial saving of the Household sector (Gross) – IRDA Annual report 2005-06 72
6. List of Regulations framed under the IRDA Act, 1999 73
7. Solvency ratios of Life and Non-Life insurers (2005-06) 74 - 75
8. Bancassurance – Banks as distribution partners 76
Insurance sector in India
The insurance sector in India has come a full circle from being an open competitive market to nationalisation and back to a liberalised market again. Tracing the developments in the Indian insurance sector reveals the 360-degree turn witnessed over a period of almost two centuries. Insurance in India started without any regulations in the nineteenth century. It was a typical story of a colonial era: a few British insurance companies dominating the market serving mostly large urban centers.
A brief history of the Insurance sector
The business of life insurance in India in its existing form started in India in the year 1818 with the establishment of the Oriental Life Insurance Company in Calcutta.
Some
Bibliography: 1. India Life Insurance – Life’s like that, J P Morgan, 2007 2