FORM NL-23

Reinsurance Risk Concentration

 
       

Insurer

General Insurance Corporation Of India

 

Date- 01.10.2020  to 31.12.2020

       

Name of the RI Programme - Agriculture RI

(₹ 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)

7

 

10503.71

 

15.55%

3

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

46

3119.96

46813.03

 

73.90%

4

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

9

 

5010.75

 

7.42%

5

Reinsurer's with rating less than BBB

3

 

282.05

 

0.42%

6

Govt. Companies (Domestic & Foreign)

6

 

1835

 

2.72%

7

Pools

     

8

Other Domestic Cos. (Pvt. Domestic Cos.)

     
 

Total

71

 3,119.96

 64,444.54

 

100.00%

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

(Premium information is extracted from system)

       

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

0

0.00

0.00

0.00

0.00%

2

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

1

-13.63

0.00

0.00

-0.30%

3

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

18

0.00

2131.42

65.07

48.45%

4

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

3

0.00

123.03

0.00

2.71%

5

Reinsurer's with rating less than BBB

2

0.00

36.56

0.00

0.81%

6

Govt. Companies (Domestic & Foreign)

2

128.33

0.00

-0.25

2.83%

7

Pools

1

0.00

24.29

2038.60

45.50%

8

Other Domestic Cos. (Pvt. Domestic Cos.)

0

0.00

0.00

0.00

0.00%

 

Total

27

114.70

2315.30

2103.42

100.00%

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

(Premium information is extracted from system)

       

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

 

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)

(Premium information is extracted from system)

       

Name of the RI Programme -  Energy

(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)

(Premium information is extracted from system)

       

Name of the RI Programme - Engineering

(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)

1

  

289.78

17.36%

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)

2

  

 260.71

15.62%

7

Pools

     

8

Other Domestic Cos. (Pvt. Domestic Cos.)

6

  

 1,118.48

67.02%

 

Total

9

  

 1,668.97

100.00%

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

(Premium information is extracted from system)

       

Name of the RI Programme - Fire Domestic

(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

0

#DIV/0!

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

(Premium information is extracted from system)

       

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)

(Premium information is extracted from system)

       

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)

(Premium information is extracted from system)

       

Name of the RI Programme - Life Re - Proportional

(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)

1

1440.47

  

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

1

1440.47

   

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

(Premium information is extracted from system)

       

Name of the RI Programme - Marine Cargo and Hull

 (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)

(Premium information is extracted from system)

       

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)

(Premium information is extracted from system)

       

Name of the RI Programme - Domestic Non-marine Risk cum CAT XOL (Excl. spec Retro)

(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

0

 

                        -  

 

0.00%

2

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

5

 

1,000.34

 

39.92%

3

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

47

 

1,149.60

 

45.88%

4

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

23

 

323.52

 

12.91%

5

Reinsurer's with rating less than BBB

6

 

10.66

 

0.43%

6

Govt. Companies (Domestic & Foreign)

2

 

2.13

 

0.09%

7

Pools

1

 

19.41

 

0.77%

8

Other Domestic Cos. (Pvt. Domestic Cos.)

0

 

                        -  

 

0.00%

 

Total

84

 

 2,505.66

 

100.00%

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

(Premium information is extracted from system)

       

Name of the RI Programme - Non Marine Foreign Programme

(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)

2

 

3990.48

 

36.41%

3

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

25

 

5555.53

 

50.69%

4

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

15

 

912.80

 

8.33%

5

Reinsurer's with rating less than BBB

7

 

319.39

 

2.91%

6

Govt. Companies (Domestic & Foreign)

7

 

181.05

 

1.65%

7

Pools

     

8

Other Domestic Cos. (Pvt. Domestic Cos.)

     
 

Total

56

 

 10,959.24

 

100.00%

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

(Premium information is extracted from system)

       

Name of the RI Programme - Nuclear Pool

(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)

(Premium information is extracted from system)

       

Name of the RI Programme - Property Foreign

[ GIC Synd 1947 International retro (57628) & Hannover K Quota (42736)]

(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)

1

 18.22

-

-

20.00%

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)

2

 1,561.09

-

-

29.56%

7

Pools

1

 

173.67

  

8

Other Domestic Cos. (Pvt. Domestic Cos.)

     
 

Total

4

 1,579.31

173.67

  

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

(Premium information is extracted from system)

*Note: Syndicate 1947 share is 20% of GIC Share on ceded treaties for 2020-21 year.

**Note:

For K Quota 2020, GIC Gross participation is 3.1982% with National 0.3893% and United 0.5562% of 100%.

ie: USD 7m (National) and USD 10m (United India) totalling USD 17m retro participation of GIC Gross participation USD 57,503,780.

This results in 29.56327% of our share retroceded.

***  Cession to pools is to Fair Nat Cat pool on various underlying programmes