Commercial Non-Life Insurance Brokers in India

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1 Brochure More information from Commercial Non-Life Insurance Brokers in India Description: Commercial Non-Life Insurance Brokers in India and the BrokerBASE that accompanies it investigate the importance of brokers in the distribution of non-life insurance for businesses in India. This report first provides unique data for 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 of around 200 broking entities in total, it ranks the leading 20 brokers in India according to their revenues from commercial non-life insurance, excluding income from other activities such as personal lines and employee benefits. This report provides unique data in the following areas: - the value of commercial non-life insurance markets for 2008 to 2012; - the share of this market distributed by brokers in 2008 and 2012; - the revenues generated by commercial non-life insurance business for brokers in 2008 and 2012; - the concentration of the market for commercial non-life insurance broking; - forecasts for 2016 for the value of commercial non-life insurance premiums, brokers' share of this market and their revenues from commercial non-life insurance business. Moreover, the report and the BrokerBASE that accompanies it can be used in one or more of the following ways: - to quantify the size and dynamism of the broker market for commercial non-life insurance in India; - to utilise a single comprehensive source of information that uses a uniform methodology to size the underlying commercial non-life insurance market and to quantify brokers' share of distribution; -to assess a range of potential business opportunities: from selecting targets for acquisition to niche product development and ideas for distribution partnerships; - to understand the competitive landscape in India through its market concentration, the importance of international brokers, and brokers' distribution strategies; - to identify the leading brokers in India, with coverage of competitors such as Aon Global, K.M. Dastur, Marsh India, Maruti Insurance Broking and NetAmbit. Contents: 0.0 EXECUTIVE SUMMARY 1.0 INTRODUCTION What is this report about? The focus is uniquely on commercial non-life insurance, excluding other types of business......and on brokerage, even where intermediaries can act as both agents and brokers. Rationale Methodology Research program

2 Market data analysis Definitions Premiums Abbreviations BrokerBASE Finaccord 2.0 MARKET ANALYSIS Introduction Regulatory information The first insurance brokers in India were licensed in January 2003 The regulator distinguishes between direct, reinsurance and composite brokers The Indian government plans to ease the restrictions on foreign investors in the insurance sector Commercial non-life insurance market All commercial lines registered strong growth in real terms between 2008 and with liability insurance outperforming other segments Commercial non-life insurance brokers Overview of brokers presence in the distribution of commercial non-life insurance Brokers are developing into a major channel for a number of commercial lines with their distribution share having risen substantially between 2008 and 2012 Competitor trends and specialisms The top three brokers account for a fairly high proportion of total commercial broking revenues Marsh India is licensed as a composite broker and also offers group benefits Maruti Insurance Broking is mainly focused on motor insurance While K.M. Dastur deals mostly in reinsurance it also plays a major role in primary insurance broking Mahindra Insurance Brokers has a large customer base in non-urban areas Howden Insurance Brokers has been operating as a joint venture in India since 2004 Willis has had to put on hold its ambitions to enter the Indian commercial broking market Two captive brokers are among the top 20 commercial non-life insurance brokers in India Brokers are often active in other areas of financial intermediation in addition to commercial lines especially personal insurance and employee benefits Brokers distribution strategies The leading brokers tend to operate nationwide rather than in particular regions

3 Four brokers are especially strong in particular client sectors Most of the international broker networks have at least one local partner in India Future outlook The market for commercial non-life insurance broking will more than double in value by 2016 LIST OF GRAPHICS / TABLES TABLE OF CONTENTS 0.0 EXECUTIVE SUMMARY Key market data for commercial non-life insurance brokers in India 1.0 INTRODUCTION 2.0 MARKET ANALYSIS Segmentation of the commercial non-life insurance market in India, 2012 Growth in the commercial non-life insurance market in India by segment, 2008 to 2012 Size and growth of the commercial non-life insurance market in India by segment, 2008 to 2012 (table) Brokers' share of the commercial non-life insurance market and revenues earned from it in India, 2008 and 2012 Brokers share of the commercial non-life insurance market and revenues earned from it in India, 2008 and 2012 (table) Market concentration for commercial non-life insurance broking in India, 2012 Market shares of commercial non-life insurance broking revenues of the top ten brokers in India, 2012 Importance of different types of insurance broking for the top 20 commercial non-life insurance brokers in India Importance of different types of insurance broking for the top 20 commercial non-life insurance brokers in India (continued) Partners of major international broker networks in India Brokers forecast share of the commercial non-life insurance market and revenues earned from it in India, 2016 Brokers forecast share of the commercial non-life insurance market and revenues earned from it in India, 2016 (table) Ordering: Order Online - Order by Fax - using the form below Order by Post - print the order form below and send to Research and Markets, Guinness Centre,

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