Page 47 - Insurance Times April 2023

Incurred Claim Ratio of General and Health Insurers

(in per cent)

was Rs. 31,810 crore in 2021-22 reporting an increase of Investment Income of General and
58.74 per cent. The ratio of underwriting loss to net earned
Health Insurers
premium for general insurance industry in 2021-22 was
The investment income of all general and health insurers
20.13 per cent as compared to 14.56 per cent in the year
during 2021-22 was ?32,546 crore registering a growth of
2020-21.
9.42 per cent.
Underwriting Experience of General and
Investment Income of General and
Health Insurers
Health Insurers
(Rs. crore)
(Rs. crore)
Insurer 2020-21 2021-22
Insurer 2020-21 2021-22
Public Sector Insurers -13,497.75 -20,443.55
Public Sector Insurers 14,529.48 14,609.74
(-21.62) (-30.71)
(-5.04) (0.55)
Private Sector Insurers -4,052.83 -8,158.25
Private Sector Insurers 12,745.46 14,654.42
(-6.92) (-12.06) (13.99) (14.98)
Standalone Health Insurers -2,373.65 -3,263.34 Standalone Health Insurers 805.40 1,277.19
(-26.41) (-20.29)
(8.73) (58.58)
Specialized Insurers -114.59 55.56 Specialized Insurers 1,663.21 2,005.15
(-1.50) (0.72) (20.27) (20.56)
Total -20,038.83 -31,809.59 Total 29,743.55 32,546.49
(-14.56) (-20.13) (3.98) (9.42)

Note: Note:
1. Figures in bracket indicate ratio (in per cent) of 1. Figures in bracket indicate growth (in per cent) over the
underwriting profit/ loss to net earned premium. previous year.
2. Regrouping/Reclassification, if any, in previous years 2. Regrouping/Reclassification, if any, in previous years
figures by the insurer has not been considered.
figures by the insurer has not been considered.
3. Underwriting Profit/Loss = Premium Earned (Net) -
Profits After Tax (PAT) of General and
Claim Incurred (Net) – Net Commission – Operating
Expenses related to Insurance Business - Premium Health Insurers
Deficiency Reserve. During the year 2021-22, the net loss of general and health

The Insurance Times April 2023 41