Net Retention of Insurance Companies (After Cessions to Reinsurers}

The Gross Written and Net Written Premiums during the period 2011-12 to 2020-21 are as follows:

Chart 6.1.1Gross Written Premium & Net Written premium

Source: Council Compilation

Steady growth of Gross Written Premium and Net Written Premium over the past 10 years have been observed  since 2011.
In current year, the Retention Ratio seem to recover from the downward trend since the year 2016-17.

Table 6.1.1 Gross Written Premium and Net Written Premium, Retention Ratio

	2018-19			2019-20			2020-21
		GWP	NWP	Retention Ratio	GWP	NWP	Retention Ratio	GWP	NWP	Retention Ratio
Private Sector	45,056	36,294	80.6%	77,909	58,666	75.3%	77,598	64,697	83.4%
Public Sector	82,527	52,634	63.8%	92,363	57,612	62.4%	1,00,410	62,900	62.6%
Standalone Health	11,368	8,911	78.4%	14,493	11,017	76.0%	15,783	12,224	77.5%
Specialized Company	8,154	2,429	29.8%	10,437	2,893	27.7%	13,115	7,216	55.0%
Total	1,47,105	1,00,268	68.2%	1,95,202	1,30,188	66.7%	2,06,906	1,47,037	71.1%

Source: Council Compilation