Net Retention of Insurance Companies (After Cessions to Reinsurers)

The Gross Written and Net Written Premiums during the period 2015-16 to 2024-25 are as follows:

Chart 5.1.1Gross Written premium & Net Written Premium

Source: Council Compilation as per source data submitted by companies

Steady growth of Gross Written Premium and Net Written Premium over the past 10 years has been observed since 2015.

Table 5.1.1 Gross Written Premium and Net Written Premium, Retention Ratio

	2022-23			2023-24			2024-25
		GWP	NWP	Retention Ratio	GWP	NWP	Retention Ratio	GWP	NWP	Retention Ratio
Private Sector	1,35,295	87,069	64.4%	1,58,917	1,02,546	64.5%	1,69,509	1,07,514	63.4%
Public Sector	89,024	74,105	83.2%	97,256	81,786	84.1%	1,01,772	86,193	84.7%
Standalone Health	26,340	23,650	89.8%	33,277	29,084	87.4%	390,18	3,31,69	85.0%
Specialized Company	15,932	7,781	48.8%	11,392	6,931	60.8%	11,211	6,036	53.8%
Total	2,66,591	1,92,604	72.2%	3,00,842	2,20,347	73.2%	3,21,510	2,32,912	72.4%

Source: Council Compilation as per source data submitted by companies

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