Performance of Non-Life Insurance Sector in India (2013-2014 to 2021-2022) | |||||||||||
Particulars | Year Status | Unit | 2013-2014 | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 |
Profile | |||||||||||
No. of Companies (Including Stand-Alone Health Insurers & Reinsurers) | |||||||||||
No. of Foreign Reinsurers Branches | |||||||||||
No. of Offices of Insurers | |||||||||||
Insurance Penetration | |||||||||||
Insurance Density | |||||||||||
Business Figures | |||||||||||
No. of New Policies Issued | |||||||||||
Gross Direct Premium (Within & Outside India) | |||||||||||
Market Share of Psus (Including Specialized) (Basis GDP Within India) | |||||||||||
Segment wise Gross Direct Premium (Within India) | |||||||||||
Fire | |||||||||||
Marine | |||||||||||
Motor | |||||||||||
Health | |||||||||||
Others | |||||||||||
Total | |||||||||||
Net Retentions of Non-Life Insurers, Indian Reinsurers and FRBS in India (As a %age of Gross Premium) | |||||||||||
Fire | |||||||||||
Marine Cargo | |||||||||||
Marine Hull | |||||||||||
Motor | |||||||||||
Engineering | |||||||||||
Aviation | |||||||||||
Miscellaneous | |||||||||||
Total | |||||||||||
Incurred Claims Ratio | |||||||||||
Fire | |||||||||||
Marine | |||||||||||
Motor | |||||||||||
Health | |||||||||||
Others | |||||||||||
Total | |||||||||||
Underwriting Experience | |||||||||||
Assets Under Management | |||||||||||
Income From Investments | |||||||||||
Profit After Tax | |||||||||||
Paid-up Capital of General, Health and Reinsurers | |||||||||||
Assigned Capital of Branches of Foreign Reinsurers | |||||||||||
Expenses | |||||||||||
Commission Expenses | |||||||||||
Operating Expenses Related to Insurance Business | |||||||||||
Redressal of Consumer Grievances | |||||||||||
No of Grievances Reported During the year | |||||||||||
No. of Grievances Resolved During the year | |||||||||||
Resolution Rate1 | |||||||||||
No. of Complaints Reported with the Ombudsmen at Difference Centres | |||||||||||
No. of Complaints Disposed by Ombudsmen | |||||||||||
Disposal Rate1 |