openPR Logo
Press release

2020 Reinsurance Market in India General Insurance Corporation of India (GIC), Axa France Vie - India Reinsurance Branch, General Reinsurance AG - India Branch, Hannover Re - India Branch, Lloyd’s India, Munich Re India Services Private Limited, RGA Lif

10-14-2020 06:07 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orbis Research

India is the fastest-growing reinsurance market in the world. The industry is expected to witness notable growth due to the recent regulatory changes imposed by the Insurance Regulatory and Development Authority of India (IRDAI), which encourages offshore companies to set up operations in the country. Further, low insurance penetration, frequent occurrence of severe catastrophes, recent regulatory reforms pertaining to crop insurance, and the entry of numerous foreign players are expected to propel industry growth during the forecast period.
The total premium generated from the reinsurance market was valued at ~INR 460.59 Bn in FY 2019 and is expected to reach ~INR 989.75 Bn by FY 2025, expanding at a CAGR of ~14.03 % during the FY 2020-FY 2025 period.

Request a sample at

Segment insights:

The General Insurance Corporation (GIC) has a monopoly in the market with more than 80% stake in the Indian reinsurance business. Foreign players like AXA France Ve, Munich Re and Swiss Re have been underwriting risks for Indian insurers. They have also been gradually increasing their share in the industry since 2017.
Further, in terms of operations, non-life insurance business accounted for more than 95% of the total premium ceded in FY 2019. Fire and motor insurance businesses add the highest share of the premium to the Indian reinsurance industry.

Market trends:

Adoption of new technologies, capital market structuring techniques, and bundling of value-added services are expected to drive the reinsurance industry in the coming years. The industry is witnessing a change in the service offerings to optimize operations and the overall business model. Further, innovative solutions such as InsurTech are expected to transform the industry value chain during the forecast period.
Impact of COVID-19:
Reinsurers and insurers have been severely affected by the economic repercussions in the wake of the pandemic.
New insurance businesses have been postponed, existing renewals have been delayed, and industry players are scouting for new products, channels, pricing discounts, and even new regulatory compliance requirements. The impact is most significant across the casualty, property, marine, liability, and contingency classes of business.
However, technology is expected to be the most noteworthy remedial measure to assess and manage the impact of the pandemic on the industry.

Browse the full report at

Companies covered:

• General Insurance Corporation of India (GIC)
• Axa France Vie - India Reinsurance Branch
• General Reinsurance AG - India Branch
• Hannover Re - India Branch
• Lloyd’s India
• Munich Re India Services Private Limited
• RGA Life Reinsurance Company of Canada – India Branch
• Scor Se – India Branch
• Swiss Re Services India Private Limited
• XL Insurance Company SE – India Reinsurance Branch

Purchase the report at

Few points from Table of Contents:
Chapter 1: Executive summary

Chapter 2: Socio-economic indicators

Chapter 3: Introduction

3.1. Market definition and structure
3.2. India insurance industry operating model
3.3. India reinsurance market landscape

Chapter 4: Global reinsurance market overview
4.1. Global reinsurance market size and growth forecast (2018-2025e)
Chapter 5: India reinsurance market overview
5.1. India reinsurance market size and growth forecast (FY 2019-FY 2025e)
Chapter 6: COVID-19 impact analysis
6.1. COVID-19 impact analysis

Hector Costello
Senior Manager – Client Engagements
4144N Central Expressway,
Suite 600, Dallas,
Texas - 75204, U.S.A.
Phone No.: +1 (972)-362-8199; +91 895 659 5155
Email ID: ,
Follow Us on Linkedin:

Orbis Research ( is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customised reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialisation. This helps our clients to map their needs and we produce the perfect required market research study for our clients.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release 2020 Reinsurance Market in India General Insurance Corporation of India (GIC), Axa France Vie - India Reinsurance Branch, General Reinsurance AG - India Branch, Hannover Re - India Branch, Lloyd’s India, Munich Re India Services Private Limited, RGA Lif here

News-ID: 2158362 • Views: 1001

More Releases from Orbis Research

Building Automation Software Market 2025 Insights and Covid-19 Impact Analysis: …
Recently published report on "Global Building Automation Software Market-Analysis By Type, Product, Application, By Region, By Country (2020 Edition): Market Insights, Covid-19 Impact, Competition and Forecast (2020-2025)" available at Request a sample at The Global Building Automation Software Market, valued at USD 9474.32 Million in the year 2019 has been witnessing unprecedented growth in the last few years on the back of growing need for integrated security and safety
Respiratory Care Devices Market 2020 | Key Players PAP Devices, Ventilators, Neb … has published "Global Respiratory Care Devices Market (by Product, Type, Application, End User, Geography), Recent Developments, Company Profiles-Forecast to 2026" report to its database Request a pdf sample at The global respiratory care devices market is expected to reach nearly US$ 35 Billion by 2026. Respiratory care is a healthcare specialty, which is focused on improving cardiopulmonary functions and promoting health & wellness. Respiratory care devices are used for the
Cannabidiol (CBD) Cosmetics Market 2020 Segmentation, by Key Manufacturers: L'Or …
The CBD is a good antioxidant that can fight anxiety, pain, inflammation, epilepsy, reduce the proliferation of cancer cells, and prevent and prevent alzheimer’s disease and other beneficial effects. CBD cosmetics have the functions of whitening, anti-oxidation, anti-wrinkle, anti-aging, anti-inflammation, anti-acne, repairing deep basal cells and deeply cleaning skin. Request a sample of this report @ The global Cannabidiol (CBD) Cosmetics market is valued at xx million US$ in 2018 and will reach xx
Factoring Market 2020 Segmentation, by Key Manufacturers: BNP Paribas, Deutsche …
The Factoring is a service of financial nature involving the conversion of credit bill into cash. It is a process or mechanism by which a company generates finance against its receivables. Factoring is asset-based financing in which the factor gives credit by looking at the creditworthiness of the borrower. Request a sample of this report @ The research report studies the Factoring market using different methodologies and analyzes to provide accurate and in-depth information

All 5 Releases

More Releases for India

Medical Tour India | Affordable Treatment In India
We at MedCredible look after the well being of the patients seeking treatment in India. Our support staff support is well trained in handling various situations arising due to cross border differences. All the patients can avail of high-quality treatment at an extremely affordable cost in a compassionate environment combined with ethical practices. With options of over 100 + Hospitals and Institutions, we at Medcredible ensure that we connect the
01-17-2011 | Health & Medicine
IVF India, Test Tube baby India
The aim of setting up KJIVF is to help infertile couples in achieving conception through modern diagnostic and treatment methods. KJIVF Centre has given the best results by blessing infertile couples of advanced age with children, these couples could never dream of becoming parents. Thousands of babies are conceived through in-vitro fertilization (IVF) each year; In-Vitro Fertilization (IVF) means fertilization outside the body. A baby developed from an egg that
Beach Holiday India- Best Beaches in India
The natural beauty, exotic locations and rich heritage has helped India to stand as the most visited and most popular tourist spot in the world. The status of “Incredible India”, is defined by an incredible range of nature’s blessings on the Indian subcontinent and this incredibility is doubled by one of the most fabulous tourism option available in the country that are the brilliant and majestic beaches in India.
ISO 27001 India, 27001 training India ISO
Coral eSecure is information Risk Management advisory with specific focus on Information Security (ISO 27001, ISO 17799, PCI, COBIT, HIPAA, GLBA, and DPA), Business Continuity (BS25999) and ITIL/ IT Service Management (ISO 20000). Coral is the FIRST Indian consulting organization which provides an Integrated Management System Consulting, Consisting of ISO 27001, ISO 20000 and BS25999 – ALL THREE IN ONE! Coral provides Consulting, Assurance audit and Training to address these
Interior Designers India, Designers and Architects India
Today, we have recognized ourselves as a booming beauty interior designing firm, offering services that include interior designing. We are a winning firm, which is based on the strong foundation of innovative and original ideas for interior, architectural and landscaping designing services. Synergy Corporate Interior Design Association has more corporate members. Who provide Products and services. We support Interior Designers India, Designers and Architects India. We are committed to the
Domain Registration India, Web Hosting India, Payment Gateway India is a Quality Web Hosting Company India, provide all web related support and Web hosting services like linux web hosting, windows web hosting, web hosting packages, domain registration in india, Corporate email solution, business email hosting, payment gateway integration, SSL with supports like free php, cgi, asp, free msaccess, free cdonts, free webmail, web based control panel, unlimited ftp access, unlimited data transfer. During the domain registration process, you will