Page 261 - 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 OTHER SEGMENTS
INCURRED CLAIMS RATIO (Percent)
2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20
Acko - - - - - 61.17 73.19
Bajaj Alianz 39.47 70.3 77.26 76.31 73.74 55.41 73.81
Bharti AXA 64.12 66.35 100.94 41.77 79.07 69.24 43.96
Cholamandalam 46.12 66.21 73.72 53.79 70.99 106.29 47.20
Navi General*** - - - - - 31.51 81.18
Edelweiss - - - - 79.91 79.53 98.66
Future Generali 50.63 65.72 99.93 55.47 59.26 59.93 65.42
GoDigit - - - - 60.17 90.63 91.77
HDFC ERGO (Earlier known as
L&T General Ins. Co. Ltd.)** 58.77 89.02 63.59 88.35 79.69 85.23 85.37
HDFC ERGO* 41.26 81.42 96.41 90.00 NA -- --
ICICI Lombard 82.54 62.49 84.80 73.03 94.20 77.42 49.71
IFFCO Tokio 73.74 46.41 53.71 56.64 101.28 77.1 87.15
Kotak Mahindra NA NA NA 9.78 103.14 36.78 43.82
Liberty Videocon 129.85 91.56 96.10 76.89 40.73 60.99 36.36
Magma HDI 435.01 95.39 130.96 116.83 148.34 151.06 57.94
Raheja QBE 55.83 25.91 18.85 37.08 32.20 47.69 20.10
Reliance 73.20 77.76 86.82 83.27 64.56 79.5 80.33
Royal Sundaram 32.48 21.72 23.81 26.97 36.45 90.08 69.01
SBI General 117.22 52.41 55.33 63.06 97.84 87.4 88.77
Shriram 128.31 41.67 38.75 93.58 63.68 54.64 65.21
TATA AIG 47.48 36.67 44.66 57.68 109.27 107.52 85.80
Universal Sompo 42.20 28.32 52.90 60.00 26.73 46.47 39.56
PRIVATE-TOTAL 63.00 60.61 74.99 70.27 76.95 77.68 73.08

National 78.56 84.58 71.21 79.97 84.18 71.16 95.81
New India 59.22 57.08 67.03 63.36 67.91 88.51 103.25
Oriental 64.01 36.90 58.12 60.67 52.27 78.12 108.39
United 60.54 47.74 39.96 72.94 50.37 64.05 101.86
PUBLIC-TOTAL 64.55 55.97 59.24 67.89 64.65 77.24 102.53

AIC 104.65 108.47 99.66 119.78 102.23 92.25 115.42
ECGC 82.23 114.15 102.22 121.24 135.67 133.56 115.34
SPECIALIZED INSURERS - TOTAL 96.69 110.68 100.54 120.22 112.95 106.33 115.40

GRAND TOTAL 72.96 73.91 75.91 81.91 78.90 83.00 93.40

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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