Published: July 08, 2011
Research and Markets: Booming Health Insurance in India - 2011
DUBLIN - (BUSINESS WIRE) - Research and Markets (http://www.researchandmarkets.com/research/7cd1af/booming_health_ins)
has announced the addition of the "Booming
Health Insurance in India" report to their offering.
The Indian Health Insurance industry is one of the most prolific ones in
the world, with a large untapped potential for public and private
insurers alike. Being the second largest segment in the non-life
insurance vertical of the industry, health insurance has picked up pace
in the last two fiscals and is set to reach new heights in the coming
few years. Due to rising healthcare costs and awareness in the country,
we expect the health insurance segment to grow with gross premiums
scaling up to a CAGR of around 28.5% during 2011-12 - 2013-14.
As a result of better reach and government incentives, the market is
dominated by public sector insurers. These companies also hold a major
share due to their reach in the rural population, which is about 70% of
the country's total population. Considering this factor and the rising
support from the regulatory authorities, the private health insurers are
also increasingly penetrating the rural segment with the scope of
surpassing the public sector companies 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 due to various shortcomings that need to be
addressed. We have identified some of the critical shortcomings
including low awareness, non-coverage of out-patient care & existing
diseases, inefficient cost management, lack of a credit bureau for
insurance sector, 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. Additionally, through in-depth analysis of
the industry, we have provided an overview of the rural health insurance
segment with a focus on its potential. The report also identifies other
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:
1. Analyst View
2. Macroeconomic Analysis
3. Insurance Market Overview
4. Industry Overview
4.1 Market Structure
4.2 Leading Health Insurers
4.3 Claims Paid
4.4 TPAs Infrastructure
5. Rural Health Insurance Potential
6. Industry Trends and Drivers
6.1 Claims Management: Fighting Fraudulent Cases
6.2 Preventive Care Coverage: Cutting Healthcare Costs at Source
6.3 Coverage for HIV/AIDS
6.4 Influx of Foreign Insurance Companies: Diversifying the Industry
6.5 Insurance Portability: Unifying the Insurance Industry
6.6 Online Portals: Promoting Efficient Management of Policies
7. Regulatory Framework
8. Issues to be Addressed
8.1 Coverage of Out-patient Care & Existing Diseases
8.2 Inefficient Cost Management
8.3 Lack of an Insurance Credit Bureau
8.4 Weak Retail Distribution Model
9. Key Players
9.1 Public Sector
9.1.1 New India
9.1.2 United India
9.2 Private Sector
9.2.1 ICICI Lombard
9.2.2 Bajaj Allianz
9.3 Standalone Health
9.3.1 Star Health & Allied Insurance
9.3.2 Apollo Munich Health Insurance
For more information visit http://www.researchandmarkets.com/research/7cd1af/booming_health_ins
Research and Markets
Laura Wood, Senior Manager,
press@researchandmarkets.com
U.S.
Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
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