Page 615 - Insurance Statistics 2021

HANDBOOK ON INDIAN INSURANCE STATISTICS 2019-20

TABLE 97: SOLVENCY RATIO OF REINSURERS

REINSURERS March March March March March March March
2014 2015 2016 2017 2018 2019 2020
GIC Re. (Public) 2.73 3.04 3.48 2.40 1.72 2.06 1.53

ITI (Private)* -- -- -- 4.10# 5.25

Branches of

Foreign Reinsurers
Allianz Global -- -- -- -- -- 2.78 2.75

AXA France Vie -- -- -- -- 1.67 1.63 2.04
Gen Re -- -- -- -- 2.87 2.67 2.49

Hannover Re -- -- -- -- 1.56 1.97 1.92
Lloyd's** -- -- -- -- 1.83 2.03 2.05

Munich Re -- -- -- -- 1.74 1.94 1.92

RGA -- -- -- -- 1.2 1.98 2.46
SCOR SE -- -- -- -- 2.27 2.16 2.66

Swiss Re -- -- -- -- 2.45 1.71 1.81
XL SE -- -- -- -- 3.59 2.59 1.59

Note:
1. *Certificate of Registration of Private Reinsurer ITI Re was cancelled in May 2019.
2. # Bunisness not commenced, therefore, ratio calculated by taking RSM fifty percent of required minimum capital
3. --' indicates the company has not started its operations
4. **Including the solvency of its Syndicates.

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