Page 617 - Insurance Statistics 2021

HANDBOOK ON INDIAN INSURANCE STATISTICS 2019-20

TABLE 99A: UNDERWRITING EXPERIENCE OF REINSURERS
(2015-16 to 2017-18)
(Rs. Crore)

PARTICULARS PUBLIC REINSURER PRIVATE REINSURER TOTAL
GIC ITI
2015-16 2016-17 2017-18 2016-17 2017-18 2015-16 2016-17 2017-18
NET PREMIUM WRITTEN 16,374.78 30,174.56 37,634.46 - (2.74) 16,374.78 30,174.56 37,631.72

CLAIMS INCURRED (NET) 12,899.86 21,646.41 32,953.55 - - 12,899.86 21,646.41 32,953.55

COMMISSION, EXPENSES OF MANAGEMENT 3,671.05 5,644.13 6,586.59 - - 3,671.05 5,644.13 6,586.59

INCREASE IN RESERVE FOR UNEXPIRED RISK 1,201.95 3,459.66 (461.60) - - 1,201.95 3,459.66 (461.60)

PREMIUM DEFICIENCY (58.46) - - - - (58.46) - -

UNDERWRITING PROFIT/LOSS (1,339.62) (575.64) (1,444.09) - (2.74) (1,339.62) (575.64) (1,446.83)

Note:
1. Figures in brackets indicates negative values
2. Certificate of Registration of Private Reinsurer ITI was cancelled in May 2019.

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