Important Points for IC 99 - Asset Management Exam
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The key factors that must be considered for industry are : place, products, size, buyers, regulatory environment and company information.
Following are the common process and steps which may be used for the purpose depending upon the nature, condition and size of the industry and its role in the total economy of the country and the world at large :
i) Review available reports on product line and production capacity - ii) Review the reports of sub-parts or segments of the main-industry - iii) Nature and Prospects of Demand - iv) Competitive scenario - v) Recent developments in markets and government policy - vi) Focus on industry dynamics - vii) Growth records and trends - viii) Substitutes
In India the share of life insurance business is very high, which is around 79% while the share of non-life insurance business is around 21%. In respect of life insurance business, India is ranked 11 among the 88 countries, for which data is published by Swiss Re. Indias share in global life insurance market is 2.08% in 2014.
As per a recent published report, the Indian insurance sector is set to show a significant growth in the coming years. The lower level of penetration, favourable demography, initiatives like Pradhan Mantri Jan-Dhan Yojana, government sponsored health insurance schemes for enhancing financial inclusion, rising financial literacy along with increase in domestic savings consequent to rise in per capita income are expected to support the growth of insurance sector going forward,
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