FORM NL-23

Reinsurance Risk Concentration

 

Insurer

General Insurance Corporation Of India

 

Date- 01.10.2019  to 31.12.2019

Name of the RI Programme - Agriculture RI

(Rs. In Lakhs)

 

S.No

Reinsurance Placement

No. of Reinsurers

Premium Ceded to Reinsurers (INR Lakhs)

Premium Ceded to Reinsurers (%)

Proportional

Non-Proportional

Facultative

1

Reinsurer's with rating of AAA

1

 

 61.38

 

0.09%

2

Reinsurer's with rating of AA but less than AAA (ie. all RI's with rating AA+ and AA)

4

 

 20,207.24

 

30.41%

3

Reinsurer's with rating of A but less than AA (ie. all RI's with rating AA-, A+ and A)

50

 1,786.98

 39,223.44

 

59.03%

4

Reinsurers with rating BBB but less than A (ie. all RI's with rating A-, BBB+ and BBB)

11

 

 6,571.51

 

9.89%

5

Reinsurer's with rating less than BBB

4

 

 311.94

 

0.47%

6

Govt. Companies (Domestic & Foreign)

1

 

 68.90

 

0.10%

7

Pools

         

8

Other Domestic Cos. (Pvt. Domestic Cos.)

         
 

Total

71

 

 66,444.41

 

100.00%

(Kindly note that all Ratings are as per S&P's Financial Strength Rating Scale)

 
             
             

Periodic Disclosures

FORM NL-23

Reinsurance Risk Concentration

 

Insurer

General Insurance Corporation Of India

 

Date- 01.10.2019  to 31.12.2019

Name of the RI Programme - Aviation

(Rs. In Lakhs)

 

S.No

Reinsurance Placement

No. of Reinsurers

Premium Ceded to Reinsurers (INR Lakhs)

Premium Ceded to Reinsurers (%)

Proportional

Non-Proportional

Facultative

1

Reinsurer's with rating of AAA

 

NIL

 

2

Reinsurer's with rating of AA but less than AAA (ie. all RI's with rating AA+ and AA)

   

3

Reinsurer's with rating of A but less than AA (ie. all RI's with rating AA-, A+ and A)

   

4

Reinsurers with rating BBB but less than A (ie. all RI's with rating A-, BBB+ and BBB)

   

5

Reinsurer's with rating less than BBB

   

6

Govt. Companies (Domestic & Foreign)

   

7

Pools

   

8

Other Domestic Cos. (Pvt. Domestic Cos.)

   
 

Total

         

(Kindly note that all Ratings are as per S&P's Financial Strength Rating Scale)

             

Periodic Disclosures

FORM NL-23

Reinsurance Risk Concentration

 

Insurer

General Insurance Corporation Of India

 

Date- 01.10.2019  to 31.12.2019

Name of the RI Programme -  Credit Re

(Rs. In Lakhs)

 

S.No

Reinsurance Placement

No. of Reinsurers

Premium Ceded to Reinsurers (INR Lakhs)

Premium Ceded to Reinsurers (%)

Proportional

Non-Proportional

Facultative

1

Reinsurer's with rating of AAA

         

2

Reinsurer's with rating of AA but less than AAA (ie. all RI's with rating AA+ and AA)

1

 

 0.53

 

12.50%

3

Reinsurer's with rating of A but less than AA (ie. all RI's with rating AA-, A+ and A)

2

 

 3.71

 

87.50%

4

Reinsurers with rating BBB but less than A (ie. all RI's with rating A-, BBB+ and BBB)

         

5

Reinsurer's with rating less than BBB

         

6

Govt. Companies (Domestic & Foreign)

         

7

Pools

         

8

Other Domestic Cos. (Pvt. Domestic Cos.)

         
 

Total

3

 

 4.25

 

100.00%

(Kindly note that all Ratings are as per S&P's Financial Strength Rating Scale)

             
             

Periodic Disclosures

FORM NL-23

Reinsurance Risk Concentration

 

Insurer

General Insurance Corporation Of India

 

Date- 01.10.2019  to 31.12.2019

Name of the RI Programme - Engineering and Large Risk

(Rs. In Lakhs)

 

S.No

Reinsurance Placement

No. of Reinsurers

Premium Ceded to Reinsurers (INR Lakhs)

Premium Ceded to Reinsurers (%)

Proportional

Non-Proportional

Facultative

1

Reinsurer's with rating of AAA

3

   

156.03

2.99%

2

Reinsurer's with rating of AA but less than AAA (ie. all RI's with rating AA+ and AA)

26

   

1400.48

26.81%

3

Reinsurer's with rating of A but less than AA (ie. all RI's with rating AA-, A+ and A)

11

   

228.94

4.38%

4

Reinsurers with rating BBB but less than A (ie. all RI's with rating A-, BBB+ and BBB)

1

   

0.85

0.02%

5

Reinsurer's with rating less than BBB

         

6

Govt. Companies (Domestic & Foreign)

2

   

35.87

0.69%

7

Pools

         

8

Other Domestic Cos. (Pvt. Domestic Cos.)

8

   

3401.25

65.12%

 

Total

     

5223.42

100.00%

(Kindly note that all Ratings are as per S&P's Financial Strength Rating Scale)

             

Periodic Disclosures

FORM NL-23

Reinsurance Risk Concentration

 

Insurer

General Insurance Corporation Of India

 

Date- 01.10.2019  to 31.12.2019

Name of the RI Programme - Liability

 (Rs. In Lakhs)

   

S.No

Reinsurance Placement

No. of Reinsurers

Premium Ceded to Reinsurers (INR Lakhs)

Premium Ceded to Reinsurers (%)

Proportional

 Non-Proportional

Facultative

1

Reinsurer's with rating of AAA

 

NIL

 

2

Reinsurer's with rating of AA but less than AAA (ie. all RI's with rating AA+ and AA)

   

3

Reinsurer's with rating of A but less than AA (ie. all RI's with rating AA-, A+ and A)

   

4

Reinsurers with rating BBB but less than A (ie. all RI's with rating A-, BBB+ and BBB)

   

5

Reinsurer's with rating less than BBB

   

6

Govt. Companies (Domestic & Foreign)

   

7

Pools

   

8

Other Domestic Cos. (Pvt. Domestic Cos.)

   
 

Total

   

(Kindly note that all Ratings are as per S&P's Financial Strength Rating Scale)

 

Periodic Disclosures

FORM NL-23

Reinsurance Risk Concentration

 

Insurer

General Insurance Corporation Of India

 

Date- 01.10.2019  to 31.12.2019

Name of the RI Programme - Life Re

(Rs. In Lakhs)

 

S.No

Reinsurance Placement

No. of Reinsurers

Premium Ceded to Reinsurers (INR Lakhs)

Premium Ceded to Reinsurers (%)

Proportional

Non-Proportional

Facultative

1

Reinsurer's with rating of AAA

         

2

Reinsurer's with rating of AA but less than AAA (ie. all RI's with rating AA+ and AA)

         

3

Reinsurer's with rating of A but less than AA (ie. all RI's with rating AA-, A+ and A)

         

4

Reinsurers with rating BBB but less than A (ie. all RI's with rating A-, BBB+ and BBB)

1

 1,192.00

   

50.00%

5

Reinsurer's with rating less than BBB

         

6

Govt. Companies (Domestic & Foreign)

         

7

Pools

         

8

Other Domestic Cos. (Pvt. Domestic Cos.)

         
 

Total

         

(Kindly note that all Ratings are as per S&P's Financial Strength Rating Scale)

             

FORM NL-23

Reinsurance Risk Concentration

 

Insurer

General Insurance Corporation Of India

 

Date- 01.10.2019  to 31.12.2019

Name of the RI Programme -  GIC Marine and Energy XL and International Hull and Cargo

 (Rs. In Lakhs)

 

S.No

Reinsurance Placement

No. of Reinsurers

Premium Ceded to Reinsurers (INR Lakhs)

Premium Ceded to Reinsurers (%)

Proportional

 Non-Proportional

Facultative

1

Reinsurer's with rating of AAA

 

NIL

 

2

Reinsurer's with rating of AA but less than AAA (ie. all RI's with rating AA+ and AA)

   

3

Reinsurer's with rating of A but less than AA (ie. all RI's with rating AA-, A+ and A)

   

4

Reinsurers with rating BBB but less than A (ie. all RI's with rating A-, BBB+ and BBB)

   

5

Reinsurer's with rating less than BBB

   

6

Govt. Companies (Domestic & Foreign)

   

7

Pools

   

8

Other Domestic Cos. (Pvt. Domestic Cos.)

   
 

Total

         

(Kindly note that all Ratings are as per S&P's Financial Strength Rating Scale)

             

Periodic Disclosures

FORM NL-23

Reinsurance Risk Concentration

 

Insurer

General Insurance Corporation Of India

 

Date- 01.10.2019  to 31.12.2019

Name of the RI Programme - Miscellaneous

(Rs. In Lakhs)

 

S.No

Reinsurance Placement

No. of Reinsurers

Premium Ceded to Reinsurers (INR Lakhs)

Premium Ceded to Reinsurers (%)

Proportional

Non-Proportional

Facultative

1

Reinsurer's with rating of AAA

NIL

2

Reinsurer's with rating of AA but less than AAA (ie. all RI's with rating AA+ and AA)

3

Reinsurer's with rating of A but less than AA (ie. all RI's with rating AA-, A+ and A)

4

Reinsurers with rating BBB but less than A (ie. all RI's with rating A-, BBB+ and BBB)

5

Reinsurer's with rating less than BBB

6

Govt. Companies (Domestic & Foreign)

7

Pools

8

Other Domestic Cos. (Pvt. Domestic Cos.)

 

Total

(Kindly note that all Ratings are as per S&P's Financial Strength Rating Scale)

             
             

Periodic Disclosures

FORM NL-23

Reinsurance Risk Concentration

 

Insurer

General Insurance Corporation Of India

 

Date- 01.10.2019  to 31.12.2019

Name of the RI Programme - Health

(Rs. In Lakhs)

 

S.No

Reinsurance Placement

No. of Reinsurers

Premium Ceded to Reinsurers (INR Lakhs)

Premium Ceded to Reinsurers (%)

Proportional

Non-Proportional

Facultative

1

Reinsurer's with rating of AAA

NIL

2

Reinsurer's with rating of AA but less than AAA (ie. all RI's with rating AA+ and AA)

3

Reinsurer's with rating of A but less than AA (ie. all RI's with rating AA-, A+ and A)

4

Reinsurers with rating BBB but less than A (ie. all RI's with rating A-, BBB+ and BBB)

5

Reinsurer's with rating less than BBB

6

Govt. Companies (Domestic & Foreign)

7

Pools

8

Other Domestic Cos. (Pvt. Domestic Cos.)

 

Total

(Kindly note that all Ratings are as per S&P's Financial Strength Rating Scale)