Net Retention of Insurance Companies (After Cessions to Reinsurers)

The Gross Written and Net Written Premiums during the period 2012-13 to 2021-22 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 2012.

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

	2019-20			2020-21			2021-22
		GWP	NWP	Retention Ratio	GWP	NWP	Retention Ratio	GWP	NWP	Retention Ratio
Private Sector	92,363	57,612	62.4%	100,410	62,900	62.6%	112,621	71,722	63.7%
Public Sector	77,909	58,666	75.3%	77,598	64,697	83.4%	81,191	67,639	83.3%
Standalone Health	14,493	11,017	76.0%	15,783	12,224	77.5%	20,934	18,338	87.6%
Specialized Company	10,437	2,893	27.7%	13,115	7,216	55.0%	15,047	7,815	51.9%
Total	1,95,202	1,30,188	66.7%	2,06,906	1,47,037	71.1%	2,29,792	1,65,514	72.0%

Source: Council Compilation

Note: The ceded premium of specialized companies includes premium ceded to other Indian Non-Life insurance companies in addition to GIC Re & FRB’s

Chart 6.1.2aGWP by Type of Company

Source: Council Compilation

Chart 6.1.2bNWP by Type of Company

Source: Council Compilation