FORM NL-33- REINSURANCE/RETROCESSION RISK CONCENTRATION
Name of the Insurer: General Insurance Corporation of India (GIC Re)
Registration No: Date: 30.09.2021
(Amount in Rs. Lakhs)
S.No. Reinsurance/Retrocession Placements No. of reinsurers Premium ceded to reinsurers (Upto the Quarter) Premium ceded to reinsurers / Total reinsurance premium ceded (%)
Proportional Non-Proportional Facultative
  Outside India          
1 No. of Reinsurers with rating of AAA and above          
2 No. of Reinsurers with rating AA but less than AAA 10 301.56 17,541.95 22,679.29 22.07%
3 No. of Reinsurers with rating A but less than AA 123 5,258.64 38,736.01 8,356.83 28.51%
4 No. of Reinsurers with rating BBB but less than A 48 (30.03) 23,343.98 456.93 12.95%
5 No. of Reinsurers with rating less than BBB 8 - 3,454.70 17.85 1.89%
6 Others (outside India) 6 - 2,151.37 106.94 1.23%
  Total  (A) 195 5,530.17 85,228.01 31,617.85  
  With In India          
1 Indian Insurance Companies 16 2,106.58 41.31 30,106.89 17.57%
2 FRBs 8 1.47 26,751.56 2,211.03 15.78%
3 GIC Re          
4 Other  (within India)          
  Total (B) 24 2,108.05 26,792.87 32,317.92  
  Grand Total (C)= (A)+(B) 219 7,638.22 112,020.88 63,935.76 100.00%
Note:-
(a) The above data exclude estimation premium, Terrorism pool figures, Special arrangement with Branches & Inter branch figures which amounts to INR 44,274.63 Lakhs
(b)The total of Premium ceded to reinsurers (Proportional, Non-Proportional and Facultative as per the table and point (a) is consistent with all relevant NL forms; The aforementioned Business figures are matching with all relevant NL forms
(b) Figures are upto the quarter 30.09.2021 ( 01.04.2021 - 30.09.2021 )
(c) S&P and equivalent ratings of other agencies are used to prepare the disclosure. 
In case of reinsurer not rated by S&P, other agency ratings were used and equivalency was established to adjust them in the above bands. 
(d) Category 6 - Others (outside India) includes Non -rated reinsurers, Government Reinsurers and Pools.
Name of the Insurer: Indian Market Terrorism Risk Insurance Pool Date: 30.09.2021
Registration No:
(Amount in Rs. Lakhs)
S.No. Reinsurance/Retrocession Placements No. of reinsurers Premium ceded to reinsurers (Upto the Quarter) Premium ceded to reinsurers / Total reinsurance premium ceded (%)
Proportional Non-Proportional Facultative
  Outside India          
1 No. of Reinsurers with rating of AAA and above          
2 No. of Reinsurers with rating AA but less than AAA          
3 No. of Reinsurers with rating A but less than AA 12   663.76   34.89%
4 No. of Reinsurers with rating BBB but less than A 6   112.98   5.94%
5 No. of Reinsurers with rating less than BBB 1   13.88   0.73%
  Total  (A) 19   790.62   41.55%
  With In India          
1 Indian Insurance Companies 13   403.42   21.20%
2 FRBs 4   402.25   21.14%
3 GIC Re 1   284.98   14.98%
4 Other  (to be Specified) 2   21.43   1.13%
  Total (B) 20   1112.08   58.45%
  Grand Total (C)= (A)+(B) 39   1902.70   100.00%
Note:-
 (a) The total of Premium ceded to reinsurers (Proportional, Non-Proportional and Facultative is consistent with all relevant NL forms; The aforementioned Business figures are matching with all relevant NL forms. In case of difference, pl give reasons
(b) Figures are to be provided upto the quarter