Page 54 - Insurance Times April 2017 Special Issue on Newindia

Statistics

SUMMARY OF INDIAN NON-LIFE INSURANCE SECTOR

PARTICULARS Remarks Unit 2013-14 2014-15 2015-16
PROFILE
No of companies (incl. reinsurer) As on 31st March Nos. 29 29 30
No. of branch offices As on 31st March Nos. 9872 10407 10803
Insurance penetration In Per Cent 0.80 0.7 0.72
Insurance density US $ 11 11 11.5
BUSINESS FIGURES
Number of new policies issued excluding Standalone FY In Lakhs 1025 1183 1221
and Specialised Insurers
Gross Direct Premium (Within & Outside India) FY (Rs. Crore) 79934 87151 99333
Market share of PSUs - Gen.Ins.Cos.(GDP within India) In Per cent 49.77 50.24 49.49
Segment Wise Gross Direct Premium (Within India )
Fire FY (Rs. crore) 7363 8057 8731
Marine FY (Rs. crore) 3162 3020 2984
Motor FY (Rs. crore) 33823 37379 42301
Health FY (Rs. crore) 19634 22637 27457
Others FY (Rs. crore) 13572 13593 14905

Total FY (Rs. crore) 77554 84686 96379
Net Retentions of Non-Life Insurers(including GIC)
Fire FY In Per Cent 69.24 64.54 63.01
Marine Cargo FY In Per Cent 85.99 81.59 81.01
Marine Hull FY In Per Cent 31.94 35.47 44.51
Motor FY In Per Cent 100.00 99.67 99.2
Engineering FY In Per Cent 71.07 71.8 67.23
Aviation FY In Per Cent 1.00 38.91 27.15
Other miscellaneous FY In Per Cent 89.43 88.14 84.28
Total- All Segments FY In Per Cent 90.32 89.57 87.72
Incurred Claims Ratio
Fire FY In Per Cent 76.54 73.78 74.47
Marine FY In Per Cent 63.37 67.44 72.05
Motor FY In Per Cent 79.50 77.14 81.18
Health FY In Per Cent 97.05 96.93 98.43
Others FY In Per Cent 72.96 73.91 75.94
Total- All Segments FY In Per Cent 81.98 81.7 85.05

Underwriting Profit/Loss FY (Rs. crore) (7640) (10576) (14962)
Assets Under Management (including GIC) As on 31st March (Rs. Crore) 149536 172144 188126

54 The Insurance Times, April 2017

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