Page 252 - 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
INCURRED CLAIMS RATIO (Percent)
2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20
Acko - - - - - -
Bajaj Alianz 37.44 89.82 48.72 67.49 62.50 93.87 67.15
Bharti AXA 60.93 96.88 104.74 70.09 96.26 78.1 116.10
Cholamandalam 57.30 71.74 54.89 52.81 56.44 58.97 57.63
Navi General*** - - - - - -
Edelweiss -10.24 -81.99
Future Generali 86.92 65.98 75.48 65.11 55.76 73.12 58.63
GoDigit - - - - - 91.67 50.34
HDFC ERGO (Earlier known as
L&T General Ins. Co. Ltd.)** 53.69 123.86 86.56 73.34 81.97 93.2 81.73
HDFC ERGO* 113.95 113.71 101.83 116.69 NA -- --
ICICI Lombard 97.46 98.68 97.51 83.94 54.19 84 65.26
IFFCO Tokio 93.51 76.96 101.06 71.89 54.63 60.48 63.93
Kotak Mahindra NA NA NA 0.00 -
Liberty Videocon (155.11) 199.18 90.94 94.03 85.33 118.95 59.37
Magma HDI (10.64) (82.47) 314.29 139.91 58.39 192.82 174.31
Raheja QBE (33.66) (85.00) 0.0 (69.93) 25.60 14.1 -20.20
Reliance 93.10 85.07 117.11 103.86 115.96 224.79 109.41
Royal Sundaram 76.42 81.26 76.91 50.46 46.39 86.31 58.97
SBI General 67.07 140.91 97.92 97.96 82.33 114.17 72.18
Shriram 88.00 (92.08) 91.07 159.21 84.67 52.67 -21.37
TATA AIG 47.73 73.30 80.81 64.40 77.43 85.66 73.92
Universal Sompo 101.37 85.17 83.06 43.86 103.18 89.97 56.08
PRIVATE-TOTAL 71.24 87.38 85.90 75.01 66.93 85.33 71.36

National 72.17 58.34 50.94 67.76 48.39 89.94 50.43
New India 46.49 52.64 57.60 75.61 59.85 82.38 68.04
Oriental 58.35 40.40 74.73 84.99 69.91 66.65 96.94
United 71.67 84.93 71.53 69.23 75.84 98.15 68.29
PUBLIC-TOTAL 59.30 57.80 63.66 74.96 64.06 83.71 71.17

GRAND TOTAL 63.37 67.44 72.05 74.98 65.30 84.48 71.26

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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