市場調査レポート

インドの民間損害保険ブローカー市場

Commercial Non-Life Insurance Brokers in India

発行 Finaccord Ltd. 商品コード 284108
出版日 ページ情報 英文 22 Pages
納期: 即日から翌営業日
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インドの民間損害保険ブローカー市場 Commercial Non-Life Insurance Brokers in India
出版日: 2016年08月01日 ページ情報: 英文 22 Pages
概要

当レポートでは、インドにおける商業損害保険のブローカーの市場について分析し、市場全体(全200社分)の規模や区分・構造、これまでの市場動向(過去5年間の実績値)、主要企業の市場シェアと競争環境、代表的ブローカー上位20社のプロファイル、今後の市場見通しなどを調査・考察しています。

エグゼクティブ・サマリー

イントロダクション

  • 当レポートの概略
  • 分析の論理的根拠
  • 分析手法
  • 定義
  • BrokerBASEについて
  • Finaccordについて

市場分析

  • イントロダクション
  • 規制に関する情報
  • 民間損害保険市場
  • 民間損害保険ブローカー

図表一覧

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目次

Commercial Non-Life Insurance Brokers in India, plus the BrokerBASE™ and market data file that accompany it, investigates the importance of brokers in the distribution of non-life (P&C) insurance for business, public sector and not-for-profit customers in India. This study first provides unique data concerning the size, segmentation and growth of the Indian commercial non-life insurance market itself. It then quantifies the share of this market that is intermediated by brokers and, based on extensive primary research covering all significant broking entities, it ranks the leading 25 brokers in India according to their approximate revenues derived from commercial non-life insurance, excluding income from other activities such as personal lines and employee benefits consulting.

This study provides unique data in the following areas:

  • the value of commercial non-life insurance markets from 2011 to 2015 with a segmentation between commercial liability, motor, property, MAT and other premiums and with a split for 2015 alone by size of insured entity (i.e. micro, small, medium, large and very large customers);
  • the distribution share of brokers in this market in both 2011 and 2015 and the revenues consequently generated by them in each year that represent the value of the market for commercial lines broking in India;
  • the approximate segmentation of commercial lines broking revenues by size of insured entity (i.e. again with a split across micro, small, medium, large and very large customers);
  • the combined share of commercial lines broking revenues of the top three and top ten brokers in 2015 with this data broken out in the BrokerBASE™ for each of the top 25 brokers in India;
  • also for the top 25 brokers, the approximate segmentation of their total broking revenues in 2015 (expressed as a percentage range) between commercial lines, personal lines, employee benefits plus life / health insurance, and wholesale insurance / reinsurance;
  • forecasts for 2019 for the value of commercial non-life insurance premiums, brokers' distribution share of this market and the revenues predicted to be generated by brokers in that year from commercial lines.

Moreover, the study can be used in one or more of the following ways:

  • to quantify the size and structure of both the underlying commercial non-life insurance sector and the associated commercial lines broking market in India;
  • to understand how the value of both of these is likely to segment by size of insured customer;
  • to understand the competitive landscape for commercial lines broking in India as defined by market concentration, the presence of international brokers and the business mix of the top 25 competitors;
  • to identify the leading commercial lines brokers in India, with coverage of competitors such as Aon Global, Bharat Re-Insurance Brokers, Mahindra Insurance Brokers, Marsh & McLennan Companies and Maruti Insurance Broking.

Table of Contents

0.0 EXECUTIVE SUMMARY

1.0 INTRODUCTION

  • What is this report about?
  • Rationale
    • This report builds upon Finaccord's previous ground-breaking studies about this topic
  • Methodology
    • Primary research
      • The survey includes 180 travel trade, transportation and financial organisations
    • including airlines, banks, insurance brands and both traditional and online travel trade entities
    • Market data
    • External sources
  • Travel insurance and assistance: how it all fits together
    • The term 'travel insurance' can refer to protection from a heterogeneous range of risks...
    • and assistance companies play a fundamental role in the travel insurance industry
  • Definitions
    • Terms and abbreviations
    • Types of packaged travel insurance and assistance
    • Operating models
    • Weighted shares
    • Currencies, exchange rates and inflation
  • PartnerBASE
  • Finaccord

2.0 MARKET ANALYSIS

  • Introduction
  • Underlying foreign travel market
    • Foreign trips per capita remain extremely low but have risen steadily in recent years...
    • ... with holiday trips tending to outpace business trips
    • Migrant worker flows to the Gulf region account for a significant share of total trips abroad
  • Market for travel insurance and assistance
    • In real terms, premiums have been growing at 12.5% per year...
    • ... with the vast majority of policies sold being for single trips
  • Distribution through travel trade, transportation and financial organisations
    • Summary of organisations researched
    • Provision rates
      • Stand-alone travel cover is on offer from 70% of distributor organisations researched...
      • ... including a relatively high proportion of financial organisations.
      • Indian Railways is likely to begin distributing travel insurance policies in the future
    • Operating models
      • Over a half of arrangements are with a single underwriting partner...
      • ... and use of multiple underwriters is also quite common
    • Competitor share of partnerships - travel trade entities
      • Tata AIG General Insurance holds the most partnerships among travel trade entities...
      • ...and four other companies also claim more than ten links in this category...
      • ... with a further eight active in total
      • ICICI Lombard General Insurance emerges as leader by weighted share of partnerships...
      • ... and benefits in particular from its ties with SOTC and Thomas Cook
      • United India Insurance gains substantially through partnerships administered by TrawellTag Cover-More
    • Competitor share of partnerships - transportation organisations
      • Only airlines are active as distributors of travel cover in the transportation category...
      • ... and the underwriting supply structure in this sector is comparatively concentrated
    • Competitor share of partnerships - financial organisations
      • Numerous banks act as distributors of stand-alone travel cover in India...
      • ... which is potentially advantageous for a number of underwriting partners
      • Weighted shares generally reflect the relative prominence of different insurance brands
  • Travel insurance and assistance linked to payment cards and bank accounts.
  • Other distribution channels
    • Automotive clubs
    • Direct distribution by specialist travel insurers
    • Online aggregators and brokers
      • A number of online aggregators offer comparisons for travel insurance policies
    • Retailers
    • Other types of distributor
      • Kiosks and visa services provide additional distribution channel options
  • Leading competitors
    • United India Insurance is likely to be the market leader in terms of premiums...
    • ... followed by ICICI Lombard General Insurance
  • Forecasts
    • Underlying foreign travel market
      • The number of journeys made abroad by residents of India is likely to continue expanding....
    • Market for travel insurance and assistance
    • ... as is the value of the country's travel insurance market

LIST OF GRAPHICS / TABLES

0.0 EXECUTIVE SUMMARY

  • Key market data for travel insurance and assistance in India, 2011, 2015 and 2019

1.0 INTRODUCTION

  • Travel insurance and assistance: how it all fits together

2.0 MARKET ANALYSIS

  • Number of foreign trips undertaken by residents of India, segmented by purpose of trip, 2011 to 2015
  • Number of foreign trips undertaken by residents of India, segmented by purpose of trip, 2011 to 2015 (table)
  • Destinations of foreign trips undertaken by residents of India, 2014
  • Estimated gross written premiums and policy numbers for travel insurance and assistance in India, 2011 to 2015
  • Estimated gross written premiums and policy numbers for travel insurance and assistance in India, 2011 to 2015 (table)
  • Summary of travel trade, transportation and financial organisations researched in India, segmented by type, 2016
  • Provision rates for stand-alone travel insurance and assistance in India, segmented by type of travel trade, transportation and financial organisation, 2016
  • Operating models used for stand-alone travel insurance and assistance in India, segmented by type of travel trade, transportation and financial organisation, 2016
  • Operating models used for stand-alone travel insurance and assistance in India, segmented by type of travel trade, transportation and financial organisation, 2016 (table)
  • Partnerships with travel trade organisations offering travel insurance and assistance in India, 2016: weighted and unweighted competitor share
  • Partnerships with transportation organisations offering travel insurance and assistance in India, 2016: weighted and unweighted competitor share
  • Partnerships with financial organisations offering travel insurance and assistance in India, 2016: weighted and unweighted competitor share
  • Provision rates for travel insurance and assistance linked to payment cards and bank accounts in India segmented by product function and level, and by type of cover
  • Individual competitors' estimated market shares of gross written premiums and other revenues for stand-alone travel insurance and assistance in India, 2016
  • Individual competitors' estimated market shares of gross written premiums and other revenues for stand-alone travel insurance and assistance in India, 2016 (table)
  • Number of foreign trips undertaken by residents of India, segmented by purpose of trip, 2019 (forecast) 33
  • Number of foreign trips undertaken by residents of India, segmented by purpose of trip, 2019 (forecast) (table)
  • Gross written premiums and policy numbers for travel insurance and assistance in India, 2019 (forecast)
  • Gross written premiums and policy numbers for travel insurance and assistance in India, 2019 (forecast) (table)
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