{"id":659,"date":"2019-08-14T18:37:40","date_gmt":"2019-08-14T18:37:40","guid":{"rendered":"https:\/\/www.gicouncil.in\/yearbook\/?page_id=659"},"modified":"2024-02-16T09:53:39","modified_gmt":"2024-02-16T09:53:39","slug":"table-15-net-underwriting-experiencee-2008-09-to-2017-18-overall-figures","status":"publish","type":"page","link":"https:\/\/www.gicouncil.in\/yearbook\/2022-23\/annexures\/table-15-net-underwriting-experiencee-2008-09-to-2017-18-overall-figures\/","title":{"rendered":"Table 15: Net Underwriting Experience &#8211; 2013-14 to 2022-23 (Overall Figures)"},"content":{"rendered":"<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;\"> Table 15<\/span>Net Underwriting Experience - 2013-14 to 2022-23 (Overall Figures)<\/h3><table width=\"100%\" class=\"\">    <tbody>        <tr>                    <td>                        Year                    <\/td>                    <td>                        2013-14                    <\/td>                    <td>                        2014-15                    <\/td>                    <td>                        2015-16                    <\/td>                    <td>                        2016-17                    <\/td>                    <td>                        2017-18                    <\/td>                    <td>                        2018-19                    <\/td>                    <td>                        2019-20                    <\/td>                    <td>                        2020-21                    <\/td>                    <td>                        2021-22                    <\/td>                    <td>                        2022-23                    <\/td>        <\/tr>        <tr>                    <td>                            Net Written Premium                    <\/td>                    <td>                            64,863.56                    <\/td>                    <td>                            71,300.23                    <\/td>                    <td>                            81,450.16                    <\/td>                    <td>                            94,177.57                    <\/td>                    <td>                            1,07,410.75                    <\/td>                    <td>                            1,20,386.40                    <\/td>                    <td>                             1,30,187.03 \n                    <\/td>                    <td>                              147,038.00                     <\/td>                    <td>                             165,514                    <\/td>                    <td>                            1,92,333                    <\/td>        <\/tr>        <tr>                    <td>                            Net Earned Premium                    <\/td>                    <td>                            60,009.74                    <\/td>                    <td>                            67,428.11                    <\/td>                    <td>                            75,877.60                    <\/td>                    <td>                            88,724.95                    <\/td>                    <td>                            1,00,452.71                    <\/td>                    <td>                            1,13,333.77                    <\/td>                    <td>                             1,26,179.00 \n                    <\/td>                    <td>                              137,619.58                     <\/td>                    <td>                             158,002                    <\/td>                    <td>                            1,79,678                    <\/td>        <\/tr>        <tr>                    <td>                            Net Incurred Claims                    <\/td>                    <td>                            49,163.80                    <\/td>                    <td>                            55,231.87                    <\/td>                    <td>                            64,495.03                    <\/td>                    <td>                            80,662.18                    <\/td>                    <td>                            85,650.15                    <\/td>                    <td>                            1,01,051.02                    <\/td>                    <td>                             1,08,390.26 \n                    <\/td>                    <td>                              111,549.09                     <\/td>                    <td>                            140,565                    <\/td>                    <td>                            1,49,267                    <\/td>        <\/tr>        <tr>                    <td>                            Net Incurred Claims as % to NEP                    <\/td>                    <td>                            81.93%                    <\/td>                    <td>                            81.91%                    <\/td>                    <td>                            85.00%                    <\/td>                    <td>                            90.91%                    <\/td>                    <td>                            85.26%                    <\/td>                    <td>                            89.16%                    <\/td>                    <td>                            85.90%\n                    <\/td>                    <td>                            81.06%                    <\/td>                    <td>                            89.0%                    <\/td>                    <td>                            83.1%                    <\/td>        <\/tr>        <tr>                    <td>                            Net Commission                    <\/td>                    <td>                            2,578.11                    <\/td>                    <td>                            2,663.81                    <\/td>                    <td>                            2,973.01                    <\/td>                    <td>                            1,380.24                    <\/td>                    <td>                            3,966.62                    <\/td>                    <td>                            5,694.77                    <\/td>                    <td>                             5,673.96 \n                    <\/td>                    <td>                              7,209.32                     <\/td>                    <td>                             7,944                    <\/td>                    <td>                            9,072                    <\/td>        <\/tr>        <tr>                    <td>                            Net Commission as % to NWP                    <\/td>                    <td>                            3.97%                    <\/td>                    <td>                            3.74%                    <\/td>                    <td>                            3.65%                    <\/td>                    <td>                            1.47%                    <\/td>                    <td>                            3.69%                    <\/td>                    <td>                            4.73%                    <\/td>                    <td>                            4.36%\n                    <\/td>                    <td>                            4.90%                    <\/td>                    <td>                            4.8%                    <\/td>                    <td>                            4.7%                    <\/td>        <\/tr>        <tr>                    <td>                            Expenses of Management                    <\/td>                    <td>                            16,039.20\r\n                    <\/td>                    <td>                            20,324.31\r\n                    <\/td>                    <td>                            23,062.00\r\n                    <\/td>                    <td>                            26,827.00\r\n                    <\/td>                    <td>                            26,329.00\r\n                    <\/td>                    <td>                            30,604.00\r\n                    <\/td>                    <td>                             42,045.45 \n                    <\/td>                    <td>                            43,545.00\r\n                    <\/td>                    <td>                            46,551\r\n                    <\/td>                    <td>                            54,689                    <\/td>        <\/tr>        <tr>                    <td>                            EOM as % to NEP                    <\/td>                    <td>                            26.73%                    <\/td>                    <td>                            30.14%\r\n                    <\/td>                    <td>                            30.39%\r\n                    <\/td>                    <td>                            30.24%\r\n                    <\/td>                    <td>                            26.21%\r\n                    <\/td>                    <td>                            27.00%\r\n                    <\/td>                    <td>                            33.32%\n                    <\/td>                    <td>                            31.64%                    <\/td>                    <td>                            29.5%                    <\/td>                    <td>                            30.4%                    <\/td>        <\/tr>        <tr>                    <td>                            Underwriting Surplus\/(Deficit)                    <\/td>                    <td>                             (7,771.37)\r\n                    <\/td>                    <td>                             (10,791.88)\r\n                    <\/td>                    <td>                             (14,652.44)\r\n                    <\/td>                    <td>                             (20,144.48)\r\n                    <\/td>                    <td>                             (15,493.07)\r\n                    <\/td>                    <td>                             (24,016.02)\r\n                    <\/td>                    <td>                             (29,930.67)\n                    <\/td>                    <td>                            (24,683.83\r\n)                    <\/td>                    <td>                            (37,058)                    <\/td>                    <td>                            (33,350)                    <\/td>        <\/tr>        <tr>                    <td>                            Underwriting Surplus\/(Deficit) as % to NEP                    <\/td>                    <td>                            -12.95%\r\n                    <\/td>                    <td>                            -16.01%\r\n                    <\/td>                    <td>                            -19.31%\r\n                    <\/td>                    <td>                            -22.70%\r\n                    <\/td>                    <td>                            -15.42%\r\n                    <\/td>                    <td>                            -21.19%\r\n                    <\/td>                    <td>                            -23.72%\n                    <\/td>                    <td>                            -17.94%                    <\/td>                    <td>                            -23.5%                    <\/td>                    <td>                            -18.6%                    <\/td>        <\/tr>    <\/tbody><\/table>\n\n\n\n<p class=\"has-text-align-left has-small-font-size\"><em><strong>(\u20b9 in Crores)<\/strong><\/em><\/p>\n\n\n\n<p><em><strong>Source<\/strong>: IRDAI reports and Council Compilation<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(\u20b9 in Crores) Source: IRDAI reports and Council 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