Research and Markets: The Indian Health Insurance Market Has Emerged As a New and Lucrative Growth Avenue for both Existing Players As Well As New Entrants

DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/ac4173/booming_health_ins) has announced the addition of the "Booming Health Insurance in India" report to their offering.

Indian health insurance market has emerged as a new and lucrative growth avenue for both existing players as well as new entrants. It represents one the fastest growing and second largest non-life insurance segments in the country. Despite adverse economic environment across the world, Indian health insurance market continued to post record growth during the last two fiscals (2008-09 and 2009-10). Moreover, as per our estimations, health insurance gross premium is expected to grow at a CAGR of around 26% during 2010-11 - 2013-14.

Currently, the market is dominated by public sector insurers, and all the private health insurers collectively account for less than half of the total health insurance premium written in the country. However, with fast expanding private health insurers, the trend will soon reverse; the market will be dominated by private insurers in the next few years.

According to our latest research report Booming Health Insurance in India, although Indian health insurance market has seen rapid expansion during the past couple of years, it remains largely underpenetrated because of various shortcomings that need to be addressed. We have figured out some critical shortcomings including low awareness, non-coverage of out-patient care & existing diseases, inefficient cost management, product reach in rural areas, and weak retail distribution model.

The report provides relevant statistics and in-depth analysis on Indian health insurance market. It highlights all the emerging trends including the key factors driving the market growth and the key challenges confronted by the industry. The report also identifies possible growth areas for expansion and provides a detail overview of the competitive landscape.

Moreover, the report presents industry forecast based on correlation of past drivers, challenges, and opportunities for expansion. In this way, the report provides a comprehensive and coherent analysis of the Indian health insurance market that will certainly prove decisive for clients.

Key Topics Covered:

• Analyst View
• Macroeconomic Analysis
• Insurance Market Overview
• Industry Overview
• Industry Trends
• Regulatory Framework
• Issues Need to be Addressed
• Key Players

Companies Mentioned:

• New India
India
• ICICI Lombard
• Bajaj Allianz
• Star Health & Allied Insurance
• Apollo Munich Health Insurance

For more information visit http://www.researchandmarkets.com/research/ac4173/booming_health_ins

Research and MarketsLaura Wood, Senior Manager
[email protected]
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Source: Research and Markets