Page 40 - Insurance Times March 2017 Sample

2008-09 81 78 62 17 18 14 300 65 103
2009-10 97 81 69 19 13 18 438 82 110
2010-11 117 95 86 19 12 10 497 48 111
2011-12 136 113 141 23 -25 -25 537 0 143
2012-13 151 133 109 29 24 23 599 109 107
2013-14 147 136 121 24 23 23 670 105 110
2014-15 152 136 119 28 28 27 781 126 109
2015-16 184 152 129 35 30 28 797 200 107

Financial Highlights Premium Share (%)
Financials
Premium Split 2015-16
2015-16 2014-15
Overseas - US$ 1.24 BLN - 45%
Paid up Capital 4 4
Domestic - US$ 1.53 BLN - 55%
Net Worth* 3823 411
Total - US$ 2.77 BLN - 100%
Total Assets* 795 780
Free Reserves 144 125
Line of Business Premium Share
Technical Reserves 295 270
Class
*includes fair value change account Fire 35%

Life 1%
Business & Financial Performance
Hull 3%
INR in Million Cargo 3%
2015-16 2014-15 Credit 1%
Gross Premium 184 151 Other Misc 9%
Net Premium 163 1,38 Health 14%
Net Incurred claim 128 1,18 PA 2%
Percentage of Net Premium 78.8 87.7 Liability 1%
Underwriting Profit/Loss -11 -13 W.C. 0%
Investment Income 42 42 Engg 5%
Profit After Tax 28 26 Aviation 2%

Motor 24%
Total 100%

D) Entry of Global Reinsurers in Indian
Market

As per IRDAI's news Global Reinsurers are given licenses to
enter Indian Market in October 2016. They have to start
operations from 1st January 2017.

According to general norms Minimum Paid Up Capital for
professional reinsurers is Rs. 2000 MLNS with 49%
shareholding by foreign joint venture partner. But Lloyds,
Munich Re, Swiss Re, SCOR, Hannover Re are given specific
permission to bring 100% Paid Up Capital of Rs. 5000 MLNS

40 The Insurance Times, March 2017

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