Page 264 - 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 ALL SEGMENTS
INCURRED CLAIMS RATIO (Percent)
2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20
Acko (28.69) 58.61 60.33
Bajaj Alianz 72.29 71.92 72.3 70.41 66.72 68.62 70.74
Bharti AXA 79.82 85.64 92.52 86.84 82.97 76.96 78.33
Cholamandalam 79.46 74.63 72.38 72.91 72.54 76.58 74.99
Navi General*** 4.09 28.41 66.52
Edelweiss 70.09 122.54 114.70
Future Generali 76.93 77.31 81.27 77.31 75.72 68.78 59.66
GoDigit 93.95 78.83 75.00
HDFC ERGO (Earlier known as
L&T General Ins. Co. Ltd.)** 85.66 71.63 73.52 77.83 74.36 76.36 77.20
HDFC ERGO* 80.45 78.72 72.82 76.90 NA -- --
ICICI Lombard 83.14 81.30 81.47 80.38 76.89 75.32 72.86
IFFCO Tokio 75.87 74.17 79.13 81.96 82.89 88.29 88.61
Kotak Mahindra NA NA 347.60 73.09 71.66 68.06 68.80
Liberty Videocon 106.39 94.52 91.78 79.14 69.60 73.38 72.42
Magma HDI 84.86 83.84 85.43 79.10 82.92 70.58 84.35
Raheja QBE 62.05 27.73 24.90 68.97 76.46 83.50 75.19
Reliance 92.17 94.05 89.40 92.23 84.71 85.82 83.65
Royal Sundaram 76.32 78.00 77.71 78.13 80.41 84.84 85.03
SBI General 84.80 85.78 82.96 75.01 71.47 72.04 71.12
Shriram 90.49 97.96 100.88 102.57 93.75 68.29 65.04
TATA AIG 68.18 70.81 77.09 72.32 71.12 78.34 77.44
Universal Sompo 74.14 74.65 70.80 70.91 56.30 70.43 73.41
PRIVATE-TOTAL 79.58 79.69 80.17 79.10 75.46 76.20 75.52

National 81.18 77.54 95.28 97.25 114.24 109.94 105.86
New India 83.78 84.02 87.84 91.26 85.66 95.39 91.43
Oriental 85.84 81.89 83.71 112.11 85.39 106.10 102.34
United 82.56 84.42 87.81 107.06 94.38 109.40 101.46
PUBLIC-TOTAL 83.20 82.09 89.03 100.02 93.73 103.46 98.28
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
Aditya Birla - - - 110.68 89.05 58.61 49.08
HDFC ERGO Health# 65.59 63.03 64.61 54.99 62.47 62.59 73.69
CignaTTK 59.68 64.33 78.65 48.14 46.29 61.94 61.64
Max Bupa 59.07 55.16 59.53 51.96 50.19 53.93 53.51
Reliance Health 13.57 62.17
Religare 79.92 61.13 57.25 50.52 51.97 55.23 59.13
Star Health and Allied 67.21 63.96 53.81 60.51 61.76 62.73 65.91
Standalone Health Insurers Total 66.06 62.18 58.20 56.47 59.58 60.68 64.13
GRAND TOTAL 81.98 81.70 85.06 90.91 85.26 89.00 85.90

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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