{"id":296,"date":"2019-07-29T09:20:24","date_gmt":"2019-07-29T09:20:24","guid":{"rendered":"http:\/\/localhost\/yearbook\/?page_id=296"},"modified":"2022-02-15T03:16:49","modified_gmt":"2022-02-15T03:16:49","slug":"reinsurance","status":"publish","type":"page","link":"https:\/\/www.gicouncil.in\/yearbook\/2020-21\/indian-non-life-insurance-industry-analysis\/reinsurance\/","title":{"rendered":"Reinsurance"},"content":{"rendered":"\n

Net Retention of Insurance Companies (After Cessions to Reinsurers}<\/h4>\n\n\n\n

<\/p>\n\n\n\n

The Gross Written and Net Written Premiums during the period 2011-12 to 2020-21 are as follows:<\/p>\n\n\n\n

Chart 6.1.1<\/span>Gross Written Premium & Net Written premium<\/h3>\n\n\n\n
\"\"<\/figure>\n\n\n\n

Source<\/strong>: Council Compilation<\/em><\/p>\n\n\n\n

<\/p>

<\/cite><\/blockquote>\n\n\n\n

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.<\/p>\n\n\n\n

Table 6.1.1<\/span> Gross Written Premium and Net Written Premium, Retention Ratio<\/h3>\n\n\n\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
<\/th>\n 2018-19<\/th>\n 2019-20<\/th>\n \n 2020-21<\/th>\n \n <\/tr>\n <\/thead>
<\/td>\n \n \n GWP<\/td>\n NWP<\/td>\n\t\t\t\t\t\t\tRetention Ratio<\/td>\n\t\t\t\t\t\t\t\n \n GWP<\/td>\n NWP<\/td>\n\t\t\t\t\t\t\tRetention Ratio<\/td>\n\t\t\t\t\t\t\t\n \n GWP<\/td>\n NWP<\/td>\n\t\t\t\t\t\t\tRetention Ratio<\/td>\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\n <\/tr>
Private Sector<\/td>\n \n \n 45,056<\/td>\n 36,294<\/td>\n\t\t\t\t\t\t\t80.6%<\/td>\n \n \n 77,909<\/td>\n 58,666<\/td>\n\t\t\t\t\t\t\t75.3%<\/td>\n \n \n \n 77,598<\/td>\n 64,697<\/td>\n\t\t\t\t\t\t\t83.4%<\/td>\n \n <\/tr> \n \n \n
Public Sector<\/td>\n \n \n 82,527<\/td>\n 52,634<\/td>\n\t\t\t\t\t\t\t63.8%<\/td>\n \n \n 92,363<\/td>\n 57,612<\/td>\n\t\t\t\t\t\t\t62.4%<\/td>\n \n \n \n 1,00,410<\/td>\n 62,900<\/td>\n\t\t\t\t\t\t\t62.6%<\/td>\n \n <\/tr> \n \n \n \n \n
Standalone Health<\/td>\n \n \n 11,368<\/td>\n 8,911<\/td>\n\t\t\t\t\t\t\t78.4%<\/td>\n \n \n 14,493<\/td>\n 11,017<\/td>\n\t\t\t\t\t\t\t76.0%<\/td>\n \n \n \n 15,783<\/td>\n 12,224<\/td>\n\t\t\t\t\t\t\t77.5%<\/td>\n \n <\/tr> \n \n
Specialized Company<\/td>\n \n \n 8,154<\/td>\n 2,429<\/td>\n\t\t\t\t\t\t\t29.8%<\/td>\n \n \n 10,437<\/td>\n 2,893<\/td>\n\t\t\t\t\t\t\t27.7%<\/td>\n \n \n \n 13,115<\/td>\n 7,216<\/td>\n\t\t\t\t\t\t\t55.0%<\/td>\n \n <\/tr> \n \n
Total<\/td>\n \n \n 1,47,105<\/td>\n 1,00,268<\/td>\n\t\t\t\t\t\t\t68.2%<\/td>\n \n \n 1,95,202<\/td>\n 1,30,188<\/td>\n\t\t\t\t\t\t\t66.7%<\/td>\n \n \n \n 2,06,906<\/td>\n 1,47,037<\/td>\n\t\t\t\t\t\t\t71.1%<\/td>\n \n <\/tr> \n \n <\/tbody> <\/table>\n\n\n\n

<\/p>

<\/cite><\/blockquote>\n\n\n\n

\n\t
\n

Chart 6.1.1a<\/span>Gross Written Premium<\/h3>\n\t\t\n\t<\/div>\n\t
\n

Chart 6.1.1b<\/span>Net Written Premium<\/h3>\n\t\t\n\t<\/div>\n<\/div>\n\n\n\n

Source<\/strong>: Council Compilation<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Net Retention of Insurance Companies (After Cessions to Reinsurers} The Gross Written and Net Written Premiums during the period 2011-12 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":26,"menu_order":10,"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\/296"}],"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=296"}],"version-history":[{"count":24,"href":"https:\/\/www.gicouncil.in\/yearbook\/2020-21\/wp-json\/wp\/v2\/pages\/296\/revisions"}],"predecessor-version":[{"id":2676,"href":"https:\/\/www.gicouncil.in\/yearbook\/2020-21\/wp-json\/wp\/v2\/pages\/296\/revisions\/2676"}],"up":[{"embeddable":true,"href":"https:\/\/www.gicouncil.in\/yearbook\/2020-21\/wp-json\/wp\/v2\/pages\/26"}],"wp:attachment":[{"href":"https:\/\/www.gicouncil.in\/yearbook\/2020-21\/wp-json\/wp\/v2\/media?parent=296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}