Table 14Gross Underwriting Experience - 2010-11 to 2020-21 (Overall Figures)

Year 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21
Gross Direct Premium 59,792.24 71,205.52 79,935.76 87,151.37 99,332.95 1,30,970.11 1,53,437.54 1,72,482.74 1,92,192.59 202,094.36
Gross Written Premium 68,249.22 74,277.33 83,026.51 90,364.55 1,02,395.77 1,34,177.33 1,56,629.01 1,75,899.19 1,95,201.61 206,905.70
Gross Earned Premium 60,874.22 71,289.15 78,698.26 86,436.43 96,049.98 1,18,181.77 1,45,079.53 1,66,407.40 1,85,396.17 200,844.08
Gross Direct Claims 54,211.14 51,117.78 64,132.59 72,046.74 79,256.69 1,12,962.62 1,24,708.49 1,38,826.94 1,52,737.58 148,031.96
Gross Direct Claims as % to GEP 89.05% 71.70% 81.49% 83.35% 82.52% 95.58% 85.96% 83.43% 82.38% 73.63%
Gross Direct Commission 3,587.03 4,236.54 4,927.10 5,295.17 5,995.99 6,882.19 10,730.57 12,719.49 14,411.87 15,992.39
Gross Direct Commission as % to GWP 5.89% 5.94% 6.26% 6.13% 6.24% 5.82% 7.40% 7.64% 7.38% 7.73%
Expenses of Management 12,119.25 14,602.72 15,920.90 20,195.94 23,231.73 25,079.43 25,719.18 28,624.09 42,045.45 44,133.78
Expenses of Management as % to GWP 19.91% 20.48% 20.23% 23.37% 24.19% 21.22% 17.73% 17.20% 21.54% 21.33%
Underwriting Surplus/(Deficit) (9,043.21) 1,332.11 (6,282.33) (11,101.43) (12,434.43) (26,742.46) (16,078.70) (13,763.13) (23,798.73)  (7,314.05)
Underwriting Surplus/(Deficit) as % to GEP -14.86% 1.87% -7.98% -12.84% -12.95% -22.63% -11.08% -8.27% -12.84% -3.64%

(₹ in Crores)

Source: IRDAI reports and Council Compilation