Page 776 - Insurance Statistics 2021

Indian Non-life Insurance Industry
Yearbook 2018-19

Export Credit The Gross Incurred Claims Ratio has varied significantly over the observed period. Since 2009-10, the Net Incurred Claims
Ratio has been greater than 80%.
Export Credit Guarantee Insurance business is carried out by ECGC Ltd., a Public Sector Company.
The business has grown from 813 Crores in 2009-10 to 1,248 crores in 2018-19, representing a CAGR of 4.88% p.a.
Chart 4.10.2 Gross & Net Incurred Claims Ratio - Export Credit
160.0%
Table 4.10.1 Export Credit 141.5% 141.2% 147.2% 144.2%
140.0% 135.7%
121.3%
2018-19 Value 133.6%
% 120.0% 112.2% 103.7% 123.1%
No. Of Policies 49,938 117.2% 101.1% 114.2% 121.2%

Premium (in Cr) 1,248 Claim Ratio - 100.0% 102.1% 87.0% 102.2%
No. Of Claims Reported 2,316 80.0% 86.8% 88.7%
82.2%
No. Of Paid Claims 725
60.0%
Amt of Paid Claims (in Cr) 1,013
40.0%
Premium booked in India considered

Chart 4.10.1 Year
Chart 4.5.2 GDPI - Export Credit Insurance
Gross Incurred Claims Ratio Net Incurred Claims Ratio
1500
1,304 1,362 1,321 1,268 1,248 Source: Council Compilation as per source
data submitted by companies
1,157 Chart 4.10.3 Rural vs Urban Premium - Export Credit
1250 1,240
1,005
1000 Rural Premium
Rural Premium
885 0.0%
0.0%
in Crores 750
813

500

250

0
2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19

Year

Source: Council Compilation as per source
data submitted by companies

Urban Premium
Urban Premium
100.0%
100.0%
Source: Council Compilation as per source
data submitted by companies

116 117