Contents

• The India Non-Life Insurance Industry
• Executive Members of the General Insurance Council
• General Insurance Council
• Executive Summary
• Section 1     Macro-Economic & Insurance Indicators
  • 1.1 Indian Economy Indicators
  • Indian Economy Indicators Table 1.1.1
  • Non-Life Insurance Premium v/s GDP Growth Chart 1.1.1
  • Non-Life Insurance Premium v/s Overall Industrial & Services Growth Chart 1.1.2
  • 1.2 Insurance Penetration
  • Insurance Penetration Chart 1.2.1
  • 1.3 Insurance Density in ₹ (Gross Direct Premium / Population)
  • Insurance Density Chart 1.3.1
• Section 2     Statewise Penetration & Density
  • 2.1 Statewise Snapshot – GDPI, Economic Indicators
  • Statewise Summary of Selected Macro-economic, Demographic and Insurance Data Table 2.1.1
  • 2.2 Statewise Penetration & Density
  • 2.3 Heatmaps
  • 2.3.1 Change in Property Premium Heatmap between 2013-14 and 2023-24
  • 2.3.2 Change in Motor Premium Heatmap between 2013-14 and 2023-24
  • 2.3.3 Change in Health Premium Heatmap between 2013-14 and 2023-24
  • 2.3.4 Change in Other Insurance Premium Heatmap between 2013-14 and 2023-24
  • 2.3.5 Change in GDPI Heatmap between 2022-23 and 2023-24
  • 2.3.6 Change in GDPI Heatmap between 2013-14 and 2023-24
  • 2.3.7 Amount of Claims Reported 2023-24
  • 2.3.8 Number of Claims Reported 2023-24
  • 2.3.9 Insurance Penetration Heatmap 2022-23 & 2023-24
• Section 3     Industry Business Highlights
  • 3.1 Industry Business Highlights
  • Number of Insurers as on 31st March 2023 Table 3.1.1
  • 3.2 Industry Business Dimensions
  • Policies Issued Chart 3.2.1
  • Claims Handled Chart 3.2.2
  • Number of Offices Chart 3.2.3
  • Employee Count 3.2.4
  • 3.3 Distribution Channels
  • Channel-wise GDPI (% of Total) – 2023-24 Chart 3.3.1
  • Channel-wise Policies (% of Total) – 2023-24 Chart 3.3.2
  • Growth in GDPI split by Distribution Channel Chart 3.3.3
  • 3.4 Premium
  • Gross Direct Premium Income – Indian Business Chart 3.4.1
  • Growth Rate in Premium Chart 3.4.2
  • Gross Written Premium Chart 3.4.3
  • GWP share % by Type of Insurers Chart 3.4.4
  • GDPI – Rural vs Urban Chart 3.4.5
  • Net Written Premium & Net Earned Premium Growth Chart 3.4.6
  • 3.5 Commission
  • Gross & Net Commissions Chart 3.5.1
  • Gross Commissions Channel-wise Chart (2022-23) 3.5.2
  • 3.6 Expenses Management
  • Expenses of Management Chart 3.6.1
  • Policyholder Expenses borne by Shareholders Chart 3.6.2
  • 3.7 Claims
  • Gross Incurred Claims Chart 3.7.1
  • Gross Incurred Claims to GDPI Ratio – Overall Chart 3.7.2
  • Gross Incurred Claims ratio – Overall (Split by Type of Insurers) Chart 3.7.3
  • Net Incurred Claims – Overall Chart 3.7.4
  • Gross Incurred Claims & Net Incurred Claims Ratios Chart 3.7.5
  • Net Incurred Claims ratio – Overall (Split by Type of Insurers) Chart 3.7.6
  • Net Incurred Claims – Overall (Segment-wise) Chart 3.7.7
  • 3.8 Underwriting Surplus/Deficit
  • Underwriting Results (Split by Type of Insurers) Chart 3.8.1
  • Underwriting Surplus/Deficits (2014-2024) Chart 3.8.2
  • Underwriting Results (2014-2024) Chart 3.8.3
  • Underwriting Loss as percentage of NEP Chart 3.8.4
  • Combined Ratio – Overall Chart 3.8.5
  • Combined Ratio (Split by Type of Insurer) Chart 3.8.6
  • 3.9 Investment Income & Investments
  • Investment Income – Policyholders Funds Chart 3.9.1
  • 3.10 Investment Income – Shareholders Funds
  • Investment Income – Shareholders Funds Chart 3.10.1
  • Yield on Investments Chart 3.10.2
  • Profit on sale of Investments Chart 3.10.3
  • 3.11 Profits
  • Profits on sale of investments as percentage of Investment Income Chart 3.11.1
  • Investment Income by Type of Company Chart 3.11.2
  • 3.12 Investment portfolio
  • Growth in Investments Chart 3.12.1
  • Investments in Social & infrastructure Sectors Chart 3.12.2
  • 3.13 Profits before Tax (after accounting investment income of shareholders)
  • Operating Profits – Non Life Insurance Industry Chart 3.13.1
  • Net Profits – Non Life Insurance Industry Chart 3.13.2
  • 3.14 Equity Share Capital
  • Shareholders’ Equity Chart 3.14.1
  • Shareholders’ Equity (Split by Type of Company) Chart 3.14.2
  • 3.15 Technical Reserves
  • Growth of Technical Reserves Chart 3.15.1
  • Break up of Technical Reserves Chart 3.15.1
  • 3.16 Return on Captal Employed
  • Return on Capital employed – 10-year trend Chart 3.16.1
• Section 4     Segmentwise Business Highlights
  • 4.1 GDPI & Policies
  • Segment-wise share of GDPI Chart 4.1.1
  • Segment-wise Policies Issued Chart 4.1.2
  • Segment-wise share of GDPI 2021-22 Chart 4.1.3
  • Segment-wise share of Policies Issued 2021-22 Chart 4.1.4
  • 4.2 Rural Premium
  • Segment-wise share of Rural Premium 2021-22 Chart 4.2.1
  • Rural/Urban Premium Percentage of Overall GDPI Chart 4.2.2
  • 4.3 Motor Own Damage
  • GDPI – Motor Own Damage Chart 4.3.1
  • Motor OD Table 4.3.1
  • Channelwise GDPI – Motor OD Chart 4.3.1a
  • Gross & Net Incurred Claims Ratio – Motor OD Chart 4.3.2
  • Rural vs Urban Premium – Motor OD Chart 4.3.3
  • Channel-wise GDPI – Motor OD Chart 4.3.4
  • GDPI Breakup on Categories – Motor OD Chart 4.3.5
  • Policies Breakup on Categories – Motor OD Chart 4.3.6
  • 4.4 Motor Third Party
  • GDPI – Motor Third Party Chart 4.4.1
  • Motor TP Table 4.4.1
  • Channelwise GDPI – Motor TP Chart 4.4.1a
  • Gross & Net Incurred Claims Ratio – Motor TP Chart 4.4.2
  • Rural vs Urban Premium – Motor TP Chart 4.4.3
  • Channel-wise GDPI – Motor TP Chart 4.4.4
  • GDPI Breakup on Categories – Motor TP Chart 4.4.5
  • Policies Breakup on Categories – Motor TP Chart 4.4.6
  • Motor Third Party Claims Chart 4.4.7
  • 4.5 Health & Accident
  • GDPI – Health & Accident Chart 4.5.1
  • Health & Accident Table 4.5.1
  • Gross & Net Incurred Claims Ratio – Health & Accident Chart 4.5.2
  • Rural vs Urban Premium – Health & Accident Chart 4.5.3
  • Channel-wise GDPI – Health & Accident Chart 4.5.4
  • GDPI Breakup on Categories – Health & Accident Chart 4.5.5
  • Policies Breakup on Categories – Health & Accident Chart 4.5.6
  • 4.6 Property (Fire+Engineering)
  • GDPI – Property Chart 4.6.1
  • Property Table 4.6.1
  • Gross & Net Incurred Claims Ratio – Property Chart 4.6.2
  • Rural vs Urban Premium – Property Chart 4.6.3
  • Channel-wise GDPI – Property Chart 4.6.4
  • 4.7 Marine & Aviation
  • GDPI – Marine & Aviation Chart 4.7.1
  • Marine & Aviation Table 4.7.1
  • Gross & Net Incurred Claims Ratio – Marine (Cargo) Chart 4.7.2
  • Gross & Net Incurred Claims Ratio – Marine (Hull) Chart 4.7.3
  • Gross & Net Incurred Claims Ratio – Aviation Chart 4.7.4
  • Rural vs Urban Premium – Marine & Aviation Chart 4.7.5
  • Channel-wise GDPI – Marine & Aviation Chart 4.7.6
  • 4.8 Liability
  • GDPI – Liability Chart 4.8.1
  • Liability Table 4.8.1
  • Gross & Net Incurred Claims Ratio – Liability Chart 4.8.2
  • Rural vs Urban Premium – Liability Chart 4.8.3
  • Channel-wise GDPI – Liability Chart 4.8.4
  • 4.9 Crop
  • GDPI – Crop Chart 4.9.1
  • Crop Table 4.9.1
  • Gross & Net Incurred Claims Ratio – Crop Chart 4.9.2
  • Rural vs Urban Premium – Crop Chart 4.9.3
  • Channel-wise GDPI – Crop Chart 4.9.4
  • 4.10 Export Credit
  • GDPI – Export Credit Chart 4.10.1
  • Export Credit Table 4.10.1
  • Gross & Net Incurred Claims Ratio – Export Credit Chart 4.10.2
  • Rural vs Urban Premium – Export Credit Chart 4.10.3
  • Channel-wise GDPI – Export Credit Chart 4.10.4
  • 4.11 Miscelleanous
  • GDPI – Other Miscelleanous Chart 4.11.1
  • Other Miscelleanous Table 4.11.1
  • Gross & Net Incurred Claims Ratio – Other Miscelleanous Chart 4.11.2
  • Rural vs Urban Premium – Other Miscelleanous Chart 4.11.3
  • Channel-wise GDPI – Other Miscelleanous Chart 4.11.4
  • 4.12 Ageing Analysis – Paid Claims
  • Segment-wise Paid Claims 2022-23 Chart 4.12.1
  • Outstanding Claims Comparison 2022-23 Chart 4.12.2
  • Claims Paid 2022-23 LOB-wise Chart 4.12.3
• Section 5     Reinsurance
  • 5.1 Reinsurance
  • Gross Written Premium & Net Written premium Chart 5.1.1
  • Gross Written Premium and Net Written Premium, Retention Ratio Table 5.1.1
  • Gross Written Premium Chart 5.1.1a
  • Net Written Premium Chart 5.1.1b
  • 5.2 Net Retention Ratios & Capital Leverage
  • Net Retention Ratios – Fire, Engineering and Marine Cargo Chart 5.2.1a
  • Net Retention Ratios – Motor OD, Motor TP Chart 5.2.1b
  • Net Retention Ratios – Health, Personal Accident, Liability, Other Miscellaneous Chart 5.2.1c
  • Net Retention % (Marine Hull and Aviation) Chart 5.2.1d
  • Prudent Capital Leverage (Gross and Net Premium) Chart 5.2.2
  • 5.3 Reinsurers in India
  • Reinsurer’s Premium Chart 5.3.1
  • Statement of GDPI – Indian Business and Foreign Business by Prop, N Prop and Faculative Chart 5.3.2
  • GDPI-LOB-Wise Reinsurance Premium for Indian Business Chart 5.3.3a
  • GDPI-LOB-Wise Reinsurance Premium for Foreign Business Chart 5.3.3b
  • LOB wise Reinsurance Premium for Indian Business and Foreign Business Chart 5.3.4
• Section 6     Analysis of NAT CAT Claims
  • Setup for Data Analysis
  • 6.1 – Statewise Districtwise claims for Biparjoy
  • DISTRICTWISE CLAIMS FOR BIPARJOY (Gujarat)(as of 31st March 2024) Table 6.1.1a
  • DISTRICTWISE CLAIMS FOR BIPARJOY (Rajasthan)(as of 31st March 2024) Table 6.1.1b
  • Statewise reported vs settled claims (Numbers) Chart 6.2.2
  • 6.2 – Statewise Districtwise claims for Michuang
  • DISTRICTWISE CLAIMS FOR MICHUANG (Tamil Nadu)(as of 31st March 2024) Table 6.3.1a
  • DISTRICTWISE CLAIMS FOR MICHUANG (Andhra Pradesh)(as of 31st March 2024) Table 6.3.1b
  • DISTRICTWISE CLAIMS FOR MICHUANG (Other states)(as of 31st March 2024) Table 6.3.1c
  • Statewise reported vs settled claims (Numbers) Chart 6.3.2
• Annexures
  • Table 1 Investment Portfolio of Non Life Insurance Industry
  • Table 2 Capital Employed by Type of Company
  • Table 3 Channelwise GDPI
  • Table 4 Statewise Classwise GDPI
  • Table 5 Statewise Number of Offices, GDPI, Population
  • Table 6 Non Life Insurance Data
  • Table 7 Gross Written Premium
  • Table 8 Gross Incurred Claim Ratios (India & Abroad)
  • Table 9 Gross Commission Ratios (India & Abroad)
  • Table 10 Net Retention Ratios
  • Table 11 Net Earned Premium Income
  • Table 12 Net Incurred Claim Ratios
  • Table 13 Net Commission Ratios
  • Table 14 Gross Underwriting Experience
  • Table 15 Net Underwriting Experience
  • Table 16 Reinsurers In India