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Insurance Brokers in India

Summary
Insurance Brokers in India industry profile provides top-line qualitative and quantitative summary information including: market size (value 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Findings

- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the insurance brokers market in India
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance brokers market in India
- Leading company profiles reveal details of key insurance brokers market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the India insurance brokers market with five year forecasts

Synopsis
Essential resource for top-line data and analysis covering the India insurance brokers market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Reasons To Buys

- What was the size of the India insurance brokers market by value in 2016?
- What will be the size of the India insurance brokers market in 2021?
- What factors are affecting the strength of competition in the India insurance brokers market?
- How has the market performed over the last five years?
- What are the main segments that make up India's insurance brokers market?

Key Highlights

- The insurance brokers sector is valued in relation to the total brokerage revenue of non-life insurance and reinsurance brokerage firms. All currency conversions have been carried out at constant annual average 2016 exchange rates.
- The Indian insurance brokers sector had total revenues of $349.8m in 2016, representing a compound annual growth rate (CAGR) of 13.3% between 2012 and 2016.
- The primary insurance segment was the sector's most lucrative in 2016, with total revenues of $272.8m, equivalent to 78% of the sector's overall value. The reinsurance segment contributed revenues of $76.9m in 2016, equating to 22% of the sector's aggregate value.
- The immense growth of the Indian insurance brokers sector has been driven by the emerging demand for non-life insurance products as a result of economic growth and rising income of the population. What is more, the slight relaxation of foreign direct investment caps from 26% to 49% in 2015, has spurred the growth of the sector most recently. Further, the Indian government is considering completely lifting caps on foreign direct investment on brokers in the future, which would boost the growth of the sector further.