General Insurance Industry has Witnessed Strong Growth Over the last 15 Years
General Insurance Gross Premium has grown >10x over the last 15 years
Growth of 5.2% over FY20
India is the 4th largest non-life insurance market in Asia and 15th largest globally
Premium as a % GDP for India is 094% and for U.S is 8.51% and for China is 2.1%. Premium per capital for India stands at $19 whereas for U.S its $5580 and for China its $201. So the scope for growth is very high.
▪ Operates under a “cash before cover” model
▪ Density & Penetration low in India compared to other countries
▪ Increase in penetration can happen with growth of personal lines, product enrichment, catering to rural masses, innovative
selling and bright long term outlook for growth
▪ Every 0.25% increase in penetration can increase industry GWP by Rs.350 Bn
Motor & Retail Health are the Largest GI Segment and Continue to Grow at Steady Pace
General Insurance Gross Premium has grown >10x over the last 15 years
Growth of 5.2% over FY20
India is the 4th largest non-life insurance market in Asia and 15th largest globally
Premium as a % GDP for India is 094% and for U.S is 8.51% and for China is 2.1%. Premium per capital for India stands at $19 whereas for U.S its $5580 and for China its $201. So the scope for growth is very high.
▪ Operates under a “cash before cover” model
▪ Density & Penetration low in India compared to other countries
▪ Increase in penetration can happen with growth of personal lines, product enrichment, catering to rural masses, innovative
selling and bright long term outlook for growth
▪ Every 0.25% increase in penetration can increase industry GWP by Rs.350 Bn
Motor & Retail Health are the Largest GI Segment and Continue to Grow at Steady Pace
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.