{"id":3683,"date":"2024-01-31T16:12:38","date_gmt":"2024-01-31T16:12:38","guid":{"rendered":"http:\/\/pentationyb.com\/?page_id=3683"},"modified":"2024-02-01T09:40:06","modified_gmt":"2024-02-01T09:40:06","slug":"3-15-technical-reserves","status":"publish","type":"page","link":"https:\/\/www.gicouncil.in\/yearbook\/2022-23\/indian-non-life-insurance-industry-analysis\/section-03-industry-business-highlights\/3-15-technical-reserves\/","title":{"rendered":"3.15 \u2013 Technical Reserves"},"content":{"rendered":"\n\n\n<p>Reserve for unexpired risks has grown at an annual average growth rate of 12.7% over the period 2015-16 to 2022-23, while the provision for outstanding claims has grown at a faster pace of 16.1% over the same period.<\/p>\n\n\n\n<p><\/p>\n\n\n<h3 class=\"section-title\" style=\"font-size: 17px;\"><span style=\"background: #f6a192;border-radius: 8px;color: #fff;padding: 5px;font-size: 14px; margin-right: 10px;\"> Chart 3.15.1<\/span>Growth of Technical Reserves<\/h3><div id=\"Chart_334\"><\/div><script type=\"text\/javascript\">\n                    jQuery(document).ready(function () {\n                        basic_column_chart(\"Chart_334\", {\"orientation\":true,\"unit\":\"\",\"data\":{\"UPR\":{\"2016\":41950,\"2017\":47678,\"2018\":54362,\"2019\":61152,\"2020\":66179,\"2021\":75667,\"2022\":84414,\"2023\":97091},\"O\\\/S Claims\":{\"2016\":82517,\"2017\":100910,\"2018\":120544,\"2019\":140386,\"2020\":160587,\"2021\":188406,\"2022\":214072,\"2023\":233970}},\"Title\":\"Growth of Technical Reserves\",\"xTitle\":\"Year\",\"yTitle\":\"\\u20b9 in Crores\",\"yAxisData\":{\"2016\":2016,\"2017\":2017,\"2018\":2018,\"2019\":2019,\"2020\":2020,\"2021\":2021,\"2022\":2022,\"2023\":2023},\"colorCodes\":[\"#AD58C9\",\" #7030a0\"]});\n                    });\n                <\/script>\n\n\n\n<p><\/p>\n\n\n<h3 class=\"section-title\" style=\"font-size: 17px;\"><span style=\"background: #f6a192;border-radius: 8px;color: #fff;padding: 5px;font-size: 14px; margin-right: 10px;\"> Chart 3.15.2<\/span>Break up of Technical Reserves<\/h3><div id=\"Chart_335\"><\/div><script type=\"text\/javascript\">\n                    jQuery(document).ready(function () {\n                        basic_column_chart(\"Chart_335\", {\"orientation\":true,\"unit\":\"\",\"data\":{\"2016\":{\"Private\":48826,\"PSU\":65542,\"SAHI\":1504,\"Specialised\":8595},\"2018\":{\"Private\":76738,\"PSU\":84789,\"SAHI\":3002,\"Specialised\":10376},\"2021\":{\"Private\":119922,\"PSU\":119796,\"SAHI\":9375,\"Specialised\":14980},\"2023\":{\"Private\":167183,\"PSU\":132440,\"SAHI\":14929,\"Specialised\":16510}},\"Title\":\"Break up of Technical Reserves\",\"xTitle\":\"Category of Insurers\",\"yTitle\":\"\\u20b9 in Crores\",\"yAxisData\":{\"Private\":\"Private\",\"PSU\":\"PSU\",\"SAHI\":\"SAHI\",\"Specialised\":\"Specialised\"},\"colorCodes\":[\"#7030a0\",\" #ad58c9\",\" #d758c9\",\" #f5a0fe\"]});\n                    });\n                <\/script>\n","protected":false},"excerpt":{"rendered":"<p>Reserve for unexpired risks has grown at an annual average growth rate of 12.7% over the period 2015-16 to 2022-23, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":529,"menu_order":15,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"_links":{"self":[{"href":"https:\/\/www.gicouncil.in\/yearbook\/2022-23\/wp-json\/wp\/v2\/pages\/3683"}],"collection":[{"href":"https:\/\/www.gicouncil.in\/yearbook\/2022-23\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.gicouncil.in\/yearbook\/2022-23\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.gicouncil.in\/yearbook\/2022-23\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gicouncil.in\/yearbook\/2022-23\/wp-json\/wp\/v2\/comments?post=3683"}],"version-history":[{"count":2,"href":"https:\/\/www.gicouncil.in\/yearbook\/2022-23\/wp-json\/wp\/v2\/pages\/3683\/revisions"}],"predecessor-version":[{"id":3736,"href":"https:\/\/www.gicouncil.in\/yearbook\/2022-23\/wp-json\/wp\/v2\/pages\/3683\/revisions\/3736"}],"up":[{"embeddable":true,"href":"https:\/\/www.gicouncil.in\/yearbook\/2022-23\/wp-json\/wp\/v2\/pages\/529"}],"wp:attachment":[{"href":"https:\/\/www.gicouncil.in\/yearbook\/2022-23\/wp-json\/wp\/v2\/media?parent=3683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<script>
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