Page 251 - 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 MARINE INSURANCE
CLAIMS INCURRED (NET) (? Crore)
2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20
Acko - - - - - - -
Bajaj Alianz 29.91 64.68 41.35 56.67 55.23 97.50 78.84
Bharti AXA 4.37 7.83 12.37 12.98 13.46 20.82 61.76
Cholamandalam 11.52 14.54 8.64 5.93 8.94 10.87 11.52
Navi General*** - - - - - - -
Edelweiss - - - - - 0.00 0.07
Future Generali 18.46 26.39 36.73 30.60 24.48 35.30 30.69
GoDigit - - - - - 0.00 0.02
HDFC ERGO (Earlier known as
L&T General Ins. Co. Ltd.)** 2.32 5.39 5.09 14.47 39.85 56.23 58.95
HDFC ERGO* 59.57 81.52 76.15 51.46 NA --
ICICI Lombard 152.63 157.99 180.33 161.24 106.08 198.86 167.27
IFFCO Tokio 40.13 37.78 40.03 38.41 31.47 41.31 47.11
Kotak Mahindra NA NA NA 0.00 - - -
Liberty Videocon 0.15 2.09 3.01 5.93 8.89 19.42 13.87
Magma HDI 0.05 1.00 3.30 2.09 0.56 2.20 1.63
Raheja QBE (0.01) (0.01) (0.00) 0.00 0.01 0.01 (0.01)
Reliance 17.98 18.61 31.42 18.40 6.28 13.02 7.00
Royal Sundaram 7.32 9.86 10.86 7.45 7.45 15.84 11.78
SBI General 2.78 10.75 15.55 13.79 8.88 13.77 12.81
Shriram 0.16 (0.24) 0.51 1.21 1.07 0.69 (0.20)
TATA AIG 104.33 154.58 182.48 149.36 191.80 240.18 220.84
Universal Sompo 4.32 5.72 6.03 2.90 5.87 5.00 3.51
PRIVATE-TOTAL 455.99 598.48 653.85 572.88 510.32 770.98 727.45

National 138.05 117.48 104.80 117.09 77.13 129.42 77.29
New India 214.32 321.67 272.44 349.34 226.16 345.44 292.11
Oriental 166.60 121.29 216.85 209.96 160.91 138.90 191.41
United 215.02 258.65 206.56 186.00 176.50 218.39 134.28
PUBLIC-TOTAL 733.99 819.08 800.64 862.39 640.70 832.14 695.09

GRAND TOTAL 1189.98 1417.57 1454.49 1435.27 1151.02 1603.12 1422.53

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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