{"id":284,"date":"2019-07-29T09:15:04","date_gmt":"2019-07-29T09:15:04","guid":{"rendered":"http:\/\/localhost\/yearbook\/?page_id=284"},"modified":"2021-11-26T04:13:46","modified_gmt":"2021-11-26T04:13:46","slug":"marine-aviation","status":"publish","type":"page","link":"https:\/\/www.gicouncil.in\/yearbook\/2020-21\/indian-non-life-insurance-industry-analysis\/section-04-segmentwise-business-highlights\/marine-aviation\/","title":{"rendered":"4.7 &#8211; Marine &#038; Aviation"},"content":{"rendered":"\n<p>The composition of Marine and Aviation Insurance business is as mentioned below.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-columns w-two-one\">\n\t<div class=\"wp-block-column_2\">\n\t\t<h3 class=\"section-title\" style=\"font-size: 17px;\"><span style=\"background: #9bcd5e;border-radius: 8px;color: #fff;padding: 5px;font-size: 14px; margin-right: 10px;\"> Chart 4.7.1<\/span>Marine & Aviation Insurance<\/h3><div id=\"Chart_189\"><\/div><script type=\"text\/javascript\">\n                    jQuery(document).ready(function () {\n                        basic_column_chart(\"Chart_189\", {\"unit\":\"\",\"data\":{\"Marine Cargo\":{\"2011-12\":1927,\"2012-13\":2023,\"2013-14\":2117,\"2014-15\":2143,\"2015-16\":2194,\"2016-17\":2190,\"2017-18\":2300,\"2018-19\":2498,\"2019-20\":2757,\"2020-21\":2435},\"Marine Hull\":{\"2011-12\":1126,\"2012-13\":1136,\"2013-14\":1185,\"2014-15\":1011,\"2015-16\":875,\"2016-17\":827,\"2017-18\":663,\"2018-19\":822,\"2019-20\":850,\"2020-21\":1050},\"Aviation\":{\"2011-12\":494,\"2012-13\":494,\"2013-14\":457,\"2014-15\":429,\"2015-16\":447,\"2016-17\":430,\"2017-18\":411,\"2018-19\":560,\"2019-20\":698,\"2020-21\":753}},\"Title\":\"Marine & Aviation Insurance\",\"xTitle\":\"Year\",\"yTitle\":\"\\u20b9 in Crores\",\"yAxisData\":{\"2011-12\":\"2011-12\",\"2012-13\":\"2012-13\",\"2013-14\":\"2013-14\",\"2014-15\":\"2014-15\",\"2015-16\":\"2015-16\",\"2016-17\":\"2016-17\",\"2017-18\":\"2017-18\",\"2018-19\":\"2018-19\",\"2019-20\":\"2019-20\",\"2020-21\":\"2020-21\"},\"colorCodes\":[\"#03275c\",\"#1e70ae\",\"#02b0ef\"]});\n                    });\n                <\/script>\n\t<\/div>\n\t<div class=\"wp-block-column_1\">\n\t\t<h3 class=\"section-title\" style=\"font-size: 17px;\"><span style=\"background: #9bcd5e;border-radius: 8px;color: #fff;padding: 5px;font-size: 14px; margin-right: 10px;\"> Table 4.7.1<\/span>Marine & Aviation<\/h3><table width=\"100%\" class=\"\">    <tbody>        <tr>                    <td>                        2020-21                    <\/td>                    <td>                        Value                    <\/td>        <\/tr>        <tr>                    <td>                            No. Of Policies                    <\/td>                    <td>                              1,409,604                     <\/td>        <\/tr>        <tr>                    <td>                            Premium (in Cr)                    <\/td>                    <td>                              4,239                     <\/td>        <\/tr>        <tr>                    <td>                            No. Of Claims Reported                    <\/td>                    <td>                              286,402                     <\/td>        <\/tr>        <tr>                    <td>                            No. Of Paid Claims                    <\/td>                    <td>                              241,721                     <\/td>        <\/tr>        <tr>                    <td>                            Amt of Paid Claims (in Cr)                    <\/td>                    <td>                              2,881                     <\/td>        <\/tr>    <\/tbody><\/table>\n                <span style=\"margin-left: 139px;font-size:13px\"> <i>Premium booked in India considered<\/i><\/span>\n\t<\/div>\n<\/div>\n\n\n\n<p><\/p>\n\n\n\n<p class=\"has-text-align-right has-small-font-size\"><em><strong>Source<\/strong>: <\/em> <em>Council Compilation<\/em>&nbsp;<em>as per source<br>data submitted by companies<\/em> <\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Aviation Premium has posted an income of greater than \u20b9500 Crores in the last three years, hovering close to this prestigious benchmark for the past decade. Both the Gross Incurred Claims Ratio and Net Incurred Claims Ratio increased over the previous year.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\"><p><\/p><cite><br><br><\/cite><\/blockquote>\n\n\n<h3 class=\"section-title\" style=\"font-size: 17px;\"><span style=\"background: #9bcd5e;border-radius: 8px;color: #fff;padding: 5px;font-size: 14px; margin-right: 10px;\"> Chart 4.7.2<\/span>Gross & Net Incurred Claims Ratio - Marine (Cargo)<\/h3><div id=\"Chart_190\" class=\"chart-div\"><\/div><script type=\"text\/javascript\">\n                    jQuery(document).ready(function () {\n                        multiline_chart(\"Chart_190\", {\"unit\":\"\",\"data\":{\"Gross Incurred Claims Ratio\":{\"2011-12\":\"74.9\",\"2012-13\":\"60.3\",\"2013-14\":\"69.3\",\"2014-15\":\"82\",\"2015-16\":\"92.7\",\"2016-17\":\"77\",\"2017-18\":\"58.5\",\"2018-19\":\"79.7\",\"2019-20\":\"63.7\",\"2020-21\":\"99.9\"},\"Net Incurred Claims Ratio\":{\"2011-12\":\"78.2\",\"2012-13\":\"64.8\",\"2013-14\":\"66.2\",\"2014-15\":\"65\",\"2015-16\":\"72.9\",\"2016-17\":\"68.2\",\"2017-18\":\"58.3\",\"2018-19\":\"77.2\",\"2019-20\":\"68.34\",\"2020-21\":\"69.3\"}},\"Title\":\"Gross & Net Incurred Claims Ratio - Marine (Cargo)\",\"xTitle\":\"Year\",\"yTitle\":\"Claim Ratio (%)\",\"yAxisData\":{\"2011-12\":\"2011-12\",\"2012-13\":\"2012-13\",\"2013-14\":\"2013-14\",\"2014-15\":\"2014-15\",\"2015-16\":\"2015-16\",\"2016-17\":\"2016-17\",\"2017-18\":\"2017-18\",\"2018-19\":\"2018-19\",\"2019-20\":\"2019-20\",\"2020-21\":\"2020-21\"},\"colorCodes\":[\"#04afee\",\"#04285e\"]});\n                    });\n                <\/script>\n\n\n\n<p class=\"has-text-align-right has-small-font-size\"> <em><strong>Source<\/strong>: <\/em> <em>Council Compilation<\/em>&nbsp;<em>as per source<br>data submitted by companies<\/em> <\/p>\n\n\n\n<blockquote class=\"wp-block-quote\"><p><\/p><cite><br><br><\/cite><\/blockquote>\n\n\n<h3 class=\"section-title\" style=\"font-size: 17px;\"><span style=\"background: #9bcd5e;border-radius: 8px;color: #fff;padding: 5px;font-size: 14px; margin-right: 10px;\"> Chart 4.7.3<\/span>Gross & Net Incurred Claims Ratio - Marine (Hull)<\/h3><div id=\"Chart_191\" class=\"chart-div\"><\/div><script type=\"text\/javascript\">\n                    jQuery(document).ready(function () {\n                        multiline_chart(\"Chart_191\", {\"unit\":\"\",\"data\":{\"Gross Incurred Claims Ratio\":{\"2011-12\":\"42.95\",\"2012-13\":\"69.67\",\"2013-14\":\"26.49\",\"2014-15\":\"66.1\",\"2015-16\":\"64.5\",\"2016-17\":\"113.5\",\"2017-18\":\"43.63\",\"2018-19\":\"69.49\",\"2019-20\":\"50.19\",\"2020-21\":\"100.4\"},\"Net Incurred Claims Ratio\":{\"2011-12\":\"116.21\",\"2012-13\":\"65.97\",\"2013-14\":\"47.43\",\"2014-15\":\"81.49\",\"2015-16\":\"67\",\"2016-17\":\"125.31\",\"2017-18\":\"144.52\",\"2018-19\":\"152.34\",\"2019-20\":\"96.59\",\"2020-21\":\"103.4\"}},\"Title\":\"Gross & Net Incurred Claims Ratio - Marine (Hull)\",\"xTitle\":\"Year\",\"yTitle\":\"Claim Ratio (%)\",\"yAxisData\":{\"2011-12\":\"2011-12\",\"2012-13\":\"2012-13\",\"2013-14\":\"2013-14\",\"2014-15\":\"2014-15\",\"2015-16\":\"2015-16\",\"2016-17\":\"2016-17\",\"2017-18\":\"2017-18\",\"2018-19\":\"2018-19\",\"2019-20\":\"2019-20\",\"2020-21\":\"2020-21\"},\"colorCodes\":[\"#04afee\",\"#04285e\"]});\n                    });\n                <\/script>\n\n\n\n<p class=\"has-text-align-right has-small-font-size\"> <em><strong>Source<\/strong>: <\/em> <em>Council Compilation<\/em>&nbsp;<em>as per source<br>data submitted by companies<\/em> <\/p>\n\n\n\n<blockquote class=\"wp-block-quote\"><p><\/p><cite><br><br><\/cite><\/blockquote>\n\n\n<h3 class=\"section-title\" style=\"font-size: 17px;\"><span style=\"background: #9bcd5e;border-radius: 8px;color: #fff;padding: 5px;font-size: 14px; margin-right: 10px;\"> Chart 4.7.4<\/span>Gross & Net Incurred Claims Ratio - Aviation<\/h3><div id=\"Chart_192\" class=\"chart-div\"><\/div><script type=\"text\/javascript\">\n                    jQuery(document).ready(function () {\n                        multiline_chart(\"Chart_192\", {\"unit\":\"\",\"data\":{\"Gross Incurred Claims Ratio\":{\"2011-12\":\"83.76\",\"2012-13\":\"52.7\",\"2013-14\":\"55.64\",\"2014-15\":\"74.43\",\"2015-16\":\"168.16\",\"2016-17\":\"125.09\",\"2017-18\":\"129.78\",\"2018-19\":\"154.26\",\"2019-20\":\"80.23\",\"2020-21\":\"169.8\"},\"Net Incurred Claims Ratio\":{\"2011-12\":\"229.29\",\"2012-13\":\"54.26\",\"2013-14\":\"152.95\",\"2014-15\":\"120.82\",\"2015-16\":\"133.87\",\"2016-17\":\"116.91\",\"2017-18\":\"178.8\",\"2018-19\":\"183.88\",\"2019-20\":\"113.15\",\"2020-21\":\"125.2\"}},\"Title\":\"Gross & Net Incurred Claims Ratio - Aviation\",\"xTitle\":\"Year\",\"yTitle\":\"Claim Ratio (%)\",\"yAxisData\":{\"2011-12\":\"2011-12\",\"2012-13\":\"2012-13\",\"2013-14\":\"2013-14\",\"2014-15\":\"2014-15\",\"2015-16\":\"2015-16\",\"2016-17\":\"2016-17\",\"2017-18\":\"2017-18\",\"2018-19\":\"2018-19\",\"2019-20\":\"2019-20\",\"2020-21\":\"2020-21\"},\"colorCodes\":[\"#c4582d\",\"#04285e\"]});\n                    });\n                <\/script>\n\n\n\n<p class=\"has-text-align-right has-small-font-size\"> <em><strong>Source<\/strong>: <\/em> <em>Council Compilation<\/em>&nbsp;<em>as per source<br>data submitted by companies<\/em> <\/p>\n\n\n\n<div class=\"wp-block-columns has-2-columns\">\n\t<div class=\"wp-block-column\">\n\t\t<h3 class=\"section-title\" style=\"font-size: 17px;\"><span style=\"background: #9bcd5e;border-radius: 8px;color: #fff;padding: 5px;font-size: 14px; margin-right: 10px;\"> Chart 4.7.5<\/span>Rural vs Urban Premium - Marine & Aviation<\/h3><div id=\"Chart_279\"><\/div><script type=\"text\/javascript\">\n                    jQuery(document).ready(function () {\n                        pie_chart(\"Chart_279\", {\"data\":{\"Rural Premium\":320,\"Urban Premium\":3920},\"Title\":\"\",\"SeriesTitle\":\"Rural vs Urban Premium - Marine & Aviation\",\"colorCodes\":[\"#f0787e\",\"#f5a841\",\"#5ac5bc\",\"#ee65a3\",\"#f5e34b\",\"#88b3e0\",\"#a6cdee\"],\"dataLabelsFlag\":\"yes\"});\n                    });\n                <\/script>\n\t<\/div>\n\t<div class=\"wp-block-column\">\n\t\t<h3 class=\"section-title\" style=\"font-size: 17px;\"><span style=\"background: #9bcd5e;border-radius: 8px;color: #fff;padding: 5px;font-size: 14px; margin-right: 10px;\"> Chart 4.7.6<\/span>Channelwise GDPI - Marine & Aviation<\/h3><div id=\"Chart_280\"><\/div><script type=\"text\/javascript\">\n                    jQuery(document).ready(function () {\n                        pie_chart(\"Chart_280\", {\"data\":{\"Individual Agents\":737,\"Corporate Agents-Bank\":13,\"Corporate Agents- Others\":13,\"Brokers\":1608,\"Direct Business- Internet\":6,\"Direct Business- Other than internet\":1805,\"Others\":57},\"Title\":\"\",\"SeriesTitle\":\"Channelwise GDPI - Marine & Aviation\",\"colorCodes\":[\"#f0787e\",\"#f5a841\",\"#5ac5bc\",\"#ee65a3\",\"#f5e34b\",\"#88b3e0\",\"#a6cdee\"],\"dataLabelsFlag\":\"yes\"});\n                    });\n                <\/script>\n\t<\/div>\n<\/div>\n\n\n\n<p class=\"has-text-align-right has-small-font-size\"> <em><strong>Source<\/strong>: <\/em> <em>Council Compilation<\/em>&nbsp;<em>as per source<br>data submitted by companies<\/em> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The composition of Marine and Aviation Insurance business is as mentioned below. Premium booked in India considered Source: Council Compilation&nbsp;as [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":272,"menu_order":6,"comment_status":"closed","ping_status":"closed","template":"page-templates\/full-width.php","meta":[],"_links":{"self":[{"href":"https:\/\/www.gicouncil.in\/yearbook\/2020-21\/wp-json\/wp\/v2\/pages\/284"}],"collection":[{"href":"https:\/\/www.gicouncil.in\/yearbook\/2020-21\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.gicouncil.in\/yearbook\/2020-21\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.gicouncil.in\/yearbook\/2020-21\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gicouncil.in\/yearbook\/2020-21\/wp-json\/wp\/v2\/comments?post=284"}],"version-history":[{"count":26,"href":"https:\/\/www.gicouncil.in\/yearbook\/2020-21\/wp-json\/wp\/v2\/pages\/284\/revisions"}],"predecessor-version":[{"id":2174,"href":"https:\/\/www.gicouncil.in\/yearbook\/2020-21\/wp-json\/wp\/v2\/pages\/284\/revisions\/2174"}],"up":[{"embeddable":true,"href":"https:\/\/www.gicouncil.in\/yearbook\/2020-21\/wp-json\/wp\/v2\/pages\/272"}],"wp:attachment":[{"href":"https:\/\/www.gicouncil.in\/yearbook\/2020-21\/wp-json\/wp\/v2\/media?parent=284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}