Page 249 - Insurance Statistics 2021

HANDBOOK ON INDIAN INSURANCE STATISTICS 2019-20

TABLE 54: NET PREMIUM EARNED, INCURRED CLAIMS &
INCURRED CLAIMS RATIO OF GENERAL AND HEALTH INSURERS (Contd... 54)

INSURER FIRE INSURANCE
INCURRED CLAIMS RATIO (Percent)
2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20
Acko - - - - - - -
Bajaj Allianz 31.15 63.88 67.08 31.20 49.35 74.42 68.00
Bharti AXA 137.24 80.12 237.29 86.44 63.87 65.95 75.20
Cholamandalam 68.19 63.78 36.53 31.12 15.51 39.89 42.30
Navi General*** - - - - 1.78 12.39 (13.40)
Edelweiss - - - - - 236.26 120.60
Future Generali 66.33 49.27 80.32 72.05 57.14 68.86 53.20
GoDigit - - - - (184.37) 220.37 78.10
HDFC ERGO (Earlier known as
L&T General Ins. Co. Ltd.)** 103.54 81.59 185.68 47.48 65.88 53.33 70.00
HDFC ERGO* 28.80 87.94 50.72 55.89 NA --
ICICI Lombard 66.93 94.03 63.62 68.43 43.08 83.20 64.00
IFFCO Tokio 74.68 54.97 55.83 52.43 99.51 64.89 45.70
Kotak Mahindra NA NA NA (2.66) 39.15 58.61 81.00
Liberty Videocon 48.34 102.17 177.53 331.55 62.00 212.02 2.10
Magma HDI 175.32 394.77 232.11 33.13 135.52 92.83 70.90
Raheja QBE 53.66 154.91 62.86 320.81 (73.42) 4.60 37.00
Reliance 88.95 75.43 64.72 107.01 61.37 54.34 37.30
Royal Sundaram 46.32 51.15 50.41 48.10 44.75 78.01 52.50
SBI General 50.07 40.90 64.80 40.29 42.19 74.01 55.40
Shriram 75.00 64.83 53.48 47.59 48.42 51.91 4.60
Tata AIG 62.38 83.84 95.48 80.50 36.60 74.93 61.50
Universal Sompo 41.56 47.64 51.65 26.01 29.01 35.61 42.30
PRIVATE-TOTAL 55.45 66.19 66.31 52.37 47.19 64.81 55.89

National 73.19 74.78 90.93 51.92 128.02 55.91 77.11
New India 85.74 76.38 71.00 102.12 76.97 113.07 76.13
Oriental 84.07 72.04 76.97 91.00 86.31 112.49 79.55
United 72.01 75.21 74.31 102.96 98.67 89.48 130.09
PUBLIC-TOTAL 80.39 75.21 76.03 91.40 91.31 98.34 86.20

GRAND TOTAL 76.54 73.78 74.44 84.38 82.35 90.47 89.98

Note: * HDFC Ergo General Insurance Co. Ltd. merged with L&T General Insurance Co. Ltd. w.e.f. 01.01.2017, therefore
premiums and claims have been taken upto 31.12.2016
** L&T General Insurance co. Ltd. is renamed as HDFC Ergo General Insurance Co. Ltd.
*** Erstwhile DHFL General Insurance Co. Ltd.
Figures in brackets indicate negative values; '-' Not yet started business; NA- Not applicable

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