Table 10NET RETENTION RATIOS (defined as Net Written premium divided by Gross Written Premium)
OVERALL | Year | 2015-16 | 2016-17 | 2017-18 | 2018-19 | 2019-20 | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 |
| Fire | 49.3% | 44.9% | 38.5% | 39.3% | 36.7%
| 36.3% | 34.8% | 32.5% | 29.6% | 29.2% |
| Engg. | 48.3% | 47.2% | 49.2% | 46.5% | 43.5%
| 40.8% | 38.5% | 38.2% | 32.8% | 32.3% |
| Marine Cargo | 73.2% | 70.9% | 69.3% | 67.9% | 62.9%
| 67.4% | 68.3% | 64.5% | 69.1% | 69.5% |
| Marine Hull | 25.9% | 16.7% | 25.1% | 23.2% | 26.0%
| 24.0% | 27.4% | 30.1% | 30.2% | 27.0% |
| Motor OD | 90.1% | 86.8% | 87.6% | 84.7% | 81.9%
| 86.1% | 84.4% | 82.8% | 83.0% | 76.6% |
| Motor TP | 92.4% | 89.7% | 87.6% | 90.3% | 88.7%
| 88.4% | 90.2% | 90.0% | 90.6% | 90.6% |
| Aviation | 23.6% | 57.4% | 31.0% | 31.1% | 42.0%
| 35.0% | 30.3% | 29.7% | 28.2% | 21.9% |
| Health | 89.6% | 85.2% | 79.8% | 79.8% | 80.1%
| 85.2% | 86.2% | 87.8% | 85.5% | 84.9% |
| Personal accident | 84.1% | 83.4% | 83.8% | 82.0% | 83.9%
| 80.5% | 73.9% | 78.9% | 75.9% | 68.0% |
| Liability | 63.7% | 62.8% | 62.5% | 59.6% | 57.0%
| 54.7% | 55.6% | 52.1% | 48.2% | 46.8% |
| Other Misc. | 59.4% | 32.3% | 32.8% | 30.3% | 28.7%
| 45.1% | 45.3% | 41.2% | 53.2% | 49.6% |
| TOTAL | 79.5% | 70.2% | 68.6% | 68.4% | 66.7%
| 71.1% | 72.0% | 73.9% | 73.4% | 72.4% |
GENERAL INSURERS | Year | 2015-16 | 2016-17 | 2017-18 | 2018-19 | 2019-20 | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 |
| Fire | 49.3% | 44.9% | 38.5% | 39.3% | 36.7%
| 36.3% | 34.8% | 32.5% | 29.6% | 29.2% |
| Engg. | 48.3% | 47.2% | 49.2% | 46.5% | 43.5%
| 40.8% | 38.5% | 38.2% | 32.8% | 32.3% |
| Marine Cargo | 73.2% | 70.9% | 69.3% | 67.9% | 62.9%
| 67.4% | 68.3% | 64.5% | 69.1% | 69.5% |
| Marine Hull | 25.9% | 16.7% | 25.1% | 23.2% | 26.0%
| 24.0% | 27.4% | 30.1% | 30.2% | 27.0% |
| Motor OD | 90.1% | 86.8% | 87.6% | 84.7% | 81.9%
| 86.1% | 84.4% | 82.8% | 83.0% | 76.6% |
| Motor TP | 92.4% | 89.7% | 87.6% | 90.3% | 88.7%
| 88.4% | 90.2% | 90.0% | 90.6% | 90.6% |
| Aviation | 23.6% | 57.4% | 31.0% | 31.1% | 42.0%
| 35.0% | 30.3% | 29.7% | 28.2% | 21.9% |
| Health | 91.7% | 86.3% | 80.0% | 80.2% | 81.8%
| 88.1% | 85.7% | 87.1% | 84.4% | 84.7% |
| Personal accident | 84.6% | 83.9% | 84.2% | 81.9% | 83.6%
| 79.5% | 72.3% | 77.8% | 75.9% | 67.1% |
| Liability | 63.7% | 62.8% | 62.5% | 59.6% | 57.0%
| 54.7% | 55.6% | 52.1% | 48.2% | 46.8% |
| Other Misc. | 55.0% | 32.6% | 34.4% | 30.5% | 29.1%
| 39.7% | 40.6% | 36.4% | 49.9% | 48.0% |
| TOTAL | 80.3% | 72.3% | 70.6% | 69.7% | 68.3%
| 71.7% | 71.9% | 71.7% | 72.2% | 71.4% |
STANDALONE HEALTH INSURERS | Year | 2015-16 | 2016-17 | 2017-18 | 2018-19 | 2019-20 | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 |
| Health | 79.1% | 80.4% | 79.2% | 78.2% | 75.6%
| 77.0% | 87.6% | 89.8% | 87.5% | 85.2% |
| Personal accident | 76.3% | 77.5% | 79.4% | 82.8% | 85.7%
| 87.8% | 86.7% | 87.8% | 85.2% | 75.0% |
| Other Misc. | 87.5% | - | 80.5% | - | - | - | - | - | - | - |
| TOTAL | 79.0% | 80.3% | 79.3% | 78.4% | 76.0% | 77.5% | 87.6% | 89.8% | 87.4% | 85.0% |
SPECIALISED INSURERS | Year | 2015-16 | 2016-17 | 2017-18 | 2018-19 | 2019-20 | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 |
| Other Misc. | 64.7% | 31.7% | 28.7% | 29.8% | 27.7%
| 55.0% | 51.9% | 49.2% | 60.8% | 53.8% |
Source: IRDAI reports and Council Compilation
