{"id":646,"date":"2019-08-14T14:08:22","date_gmt":"2019-08-14T14:08:22","guid":{"rendered":"https:\/\/www.gicouncil.in\/yearbook\/?page_id=646"},"modified":"2019-08-29T13:20:34","modified_gmt":"2019-08-29T13:20:34","slug":"table-10-net-retention-ratios-defined-as-net-written-premium-divided-by-gross-written-premium","status":"publish","type":"page","link":"https:\/\/yearbook.websitestage.org\/?page_id=646","title":{"rendered":"Table 10: Net Retention Ratios (defined as Net Written premium divided by Gross Written Premium)"},"content":{"rendered":"

Table 10<\/span>NET RETENTION RATIOS (defined as Net Written premium divided by Gross Written Premium)<\/h3>OVERALL<\/span>
Year <\/td> 2014-15 <\/td> 2015-16 <\/td> 2016-17 <\/td> 2017-18 <\/td> 2018-19 <\/td> 2019-20 <\/td> 2020-21 <\/td> 2021-22 <\/td> 2022-23 <\/td> 2023-24 <\/td> <\/tr>
Fire <\/td> 48.5% <\/td> 49.3% <\/td> 44.9% <\/td> 38.5% <\/td> 39.3% <\/td> 36.7%\n <\/td> 36.3% <\/td> 34.8% <\/td> 32.5% <\/td> 29.6% <\/td> <\/tr>
Engg. <\/td> 48.1% <\/td> 48.3% <\/td> 47.2% <\/td> 49.2% <\/td> 46.5% <\/td> 43.5%\n <\/td> 40.8% <\/td> 38.5% <\/td> 38.2% <\/td> 32.8% <\/td> <\/tr>
Marine Cargo <\/td> 73.6% <\/td> 73.2% <\/td> 70.9% <\/td> 69.3% <\/td> 67.9% <\/td> 62.9%\n <\/td> 67.4% <\/td> 68.3% <\/td> 64.5% <\/td> 69.1% <\/td> <\/tr>
Marine Hull <\/td> 31.0% <\/td> 25.9% <\/td> 16.7% <\/td> 25.1% <\/td> 23.2% <\/td> 26.0%\n <\/td> 24.0% <\/td> 27.4% <\/td> 30.1% <\/td> 30.2% <\/td> <\/tr>
Motor OD <\/td> 90.4% <\/td> 90.1% <\/td> 86.8% <\/td> 87.6% <\/td> 84.7% <\/td> 81.9%\n <\/td> 86.1% <\/td> 84.4% <\/td> 82.8% <\/td> 83.0% <\/td> <\/tr>
Motor TP <\/td> 91.8% <\/td> 92.4% <\/td> 89.7% <\/td> 87.6% <\/td> 90.3% <\/td> 88.7%\n <\/td> 88.4% <\/td> 90.2% <\/td> 90.0% <\/td> 90.6% <\/td> <\/tr>
Aviation <\/td> 24.3% <\/td> 23.6% <\/td> 57.4% <\/td> 31.0% <\/td> 31.1% <\/td> 42.0%\n <\/td> 35.0% <\/td> 30.3% <\/td> 29.7% <\/td> 28.2% <\/td> <\/tr>
Health <\/td> 90.8% <\/td> 89.6% <\/td> 85.2% <\/td> 79.8% <\/td> 79.8% <\/td> 80.1%\n <\/td> 85.2% <\/td> 86.2% <\/td> 87.8% <\/td> 85.5% <\/td> <\/tr>
Personal accident <\/td> 86.9% <\/td> 84.1% <\/td> 83.4% <\/td> 83.8% <\/td> 82.0% <\/td> 83.9%\n <\/td> 80.5% <\/td> 73.9% <\/td> 78.9% <\/td> 75.9% <\/td> <\/tr>
Liability <\/td> 69.8% <\/td> 63.7% <\/td> 62.8% <\/td> 62.5% <\/td> 59.6% <\/td> 57.0%\n <\/td> 54.7% <\/td> 55.6% <\/td> 52.1% <\/td> 48.2% <\/td> <\/tr>
Other Misc. <\/td> 57.5% <\/td> 59.4% <\/td> 32.3% <\/td> 32.8% <\/td> 30.3% <\/td> 28.7%\n <\/td> 45.1% <\/td> 45.3% <\/td> 41.2% <\/td> 53.2% <\/td> <\/tr>
TOTAL <\/td> 78.9% <\/td> 79.5% <\/td> 70.2% <\/td> 68.6% <\/td> 68.4% <\/td> 66.7%\n <\/td> 71.1% <\/td> 72.0% <\/td> 73.9% <\/td> 73.4% <\/td> <\/tr> <\/tbody><\/table>\n\n\n\n

<\/p>\n\n\nGENERAL INSURERS<\/span>
Year <\/td> 2014-15 <\/td> 2015-16 <\/td> 2016-17 <\/td> 2017-18 <\/td> 2018-19 <\/td> 2019-20 <\/td> 2020-21 <\/td> 2021-22 <\/td> 2022-23 <\/td> 2023-24 <\/td> <\/tr>
Fire <\/td> 48.5% <\/td> 49.3% <\/td> 44.9% <\/td> 38.5% <\/td> 39.3% <\/td> 36.7%\n <\/td> 36.3% <\/td> 34.8% <\/td> 32.5% <\/td> 29.6% <\/td> <\/tr>
Engg. <\/td> 48.1% <\/td> 48.3% <\/td> 47.2% <\/td> 49.2% <\/td> 46.5% <\/td> 43.5%\n <\/td> 40.8% <\/td> 38.5% <\/td> 38.2% <\/td> 32.8% <\/td> <\/tr>
Marine Cargo <\/td> 73.6% <\/td> 73.2% <\/td> 70.9% <\/td> 69.3% <\/td> 67.9% <\/td> 62.9%\n <\/td> 67.4% <\/td> 68.3% <\/td> 64.5% <\/td> 69.1% <\/td> <\/tr>
Marine Hull <\/td> 31.0% <\/td> 25.9% <\/td> 16.7% <\/td> 25.1% <\/td> 23.2% <\/td> 26.0%\n <\/td> 24.0% <\/td> 27.4% <\/td> 30.1% <\/td> 30.2% <\/td> <\/tr>
Motor OD <\/td> 90.4% <\/td> 90.1% <\/td> 86.8% <\/td> 87.6% <\/td> 84.7% <\/td> 81.9%\n <\/td> 86.1% <\/td> 84.4% <\/td> 82.8% <\/td> 83.0% <\/td> <\/tr>
Motor TP <\/td> 91.8% <\/td> 92.4% <\/td> 89.7% <\/td> 87.6% <\/td> 90.3% <\/td> 88.7%\n <\/td> 88.4% <\/td> 90.2% <\/td> 90.0% <\/td> 90.6% <\/td> <\/tr>
Aviation <\/td> 24.3% <\/td> 23.6% <\/td> 57.4% <\/td> 31.0% <\/td> 31.1% <\/td> 42.0%\n <\/td> 35.0% <\/td> 30.3% <\/td> 29.7% <\/td> 28.2% <\/td> <\/tr>
Health <\/td> 91.8% <\/td> 91.7% <\/td> 86.3% <\/td> 80.0% <\/td> 80.2% <\/td> 81.8%\n <\/td> 88.1% <\/td> 85.7% <\/td> 87.1% <\/td> 84.4% <\/td> <\/tr>
Personal accident <\/td> 87.4% <\/td> 84.6% <\/td> 83.9% <\/td> 84.2% <\/td> 81.9% <\/td> 83.6%\n <\/td> 79.5% <\/td> 72.3% <\/td> 77.8% <\/td> 75.9% <\/td> <\/tr>
Liability <\/td> 69.8% <\/td> 63.7% <\/td> 62.8% <\/td> 62.5% <\/td> 59.6% <\/td> 57.0%\n <\/td> 54.7% <\/td> 55.6% <\/td> 52.1% <\/td> 48.2% <\/td> <\/tr>
Other Misc. <\/td> 54.4% <\/td> 55.0% <\/td> 32.6% <\/td> 34.4% <\/td> 30.5% <\/td> 29.1%\n <\/td> 39.7% <\/td> 40.6% <\/td> 36.4% <\/td> 49.9% <\/td> <\/tr>
TOTAL <\/td> 79.5% <\/td> 80.3% <\/td> 72.3% <\/td> 70.6% <\/td> 69.7% <\/td> 68.3%\n <\/td> 71.7% <\/td> 71.9% <\/td> 71.7% <\/td> 72.2% <\/td> <\/tr> <\/tbody><\/table>\n\n\n\n

<\/p>\n\n\nSTANDALONE HEALTH INSURERS<\/span>
Year <\/td> 2014-15 <\/td> 2015-16 <\/td> 2016-17 <\/td> 2017-18 <\/td> 2018-19 <\/td> 2019-20 <\/td> 2020-21 <\/td> 2021-22 <\/td> 2022-23 <\/td> 2023-24 <\/td> <\/tr>
Health <\/td> 84.9% <\/td> 79.1% <\/td> 80.4% <\/td> 79.2% <\/td> 78.2% <\/td> 75.6%\n <\/td> 77.0% <\/td> 87.6% <\/td> 89.8% <\/td> 87.5% <\/td> <\/tr>
Personal accident <\/td> 74.7% <\/td> 76.3% <\/td> 77.5% <\/td> 79.4% <\/td> 82.8% <\/td> 85.7%\n <\/td> 87.8% <\/td> 86.7% <\/td> 87.8% <\/td> 85.2% <\/td> <\/tr>
Other Misc. <\/td> 86.4% <\/td> 87.5% <\/td> - <\/td> 80.5% <\/td> - <\/td> - <\/td> - <\/td> - <\/td> - <\/td> - <\/td> <\/tr>
TOTAL <\/td> 84.6% <\/td> 79.0% <\/td> 80.3% <\/td> 79.3% <\/td> 78.4% <\/td> 76.0% <\/td> 77.5% <\/td> 87.6% <\/td> 89.8% <\/td> 87.4% <\/td> <\/tr> <\/tbody><\/table>\n\n\n\n

<\/p>\n\n\nSPECIALISED INSURERS<\/span>
Year <\/td> 2014-15 <\/td> 2015-16 <\/td> 2016-17 <\/td> 2017-18 <\/td> 2018-19 <\/td> 2019-20 <\/td> 2020-21 <\/td> 2021-22 <\/td> 2022-23 <\/td> 2023-24 <\/td> <\/tr>
Other Misc. <\/td> 62.2% <\/td> 64.7% <\/td> 31.7% <\/td> 28.7% <\/td> 29.8% <\/td> 27.7%\n <\/td> 55.0% <\/td> 51.9% <\/td> 49.2% <\/td> 60.8% <\/td> <\/tr> <\/tbody><\/table>\n\n\n\n

Source<\/em><\/strong>: IRDAI reports and Council Compilation<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Source: IRDAI reports and Council Compilation<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":28,"menu_order":10,"comment_status":"closed","ping_status":"closed","template":"page-templates\/full-width.php","meta":[],"_links":{"self":[{"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=\/wp\/v2\/pages\/646"}],"collection":[{"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=646"}],"version-history":[{"count":4,"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=\/wp\/v2\/pages\/646\/revisions"}],"predecessor-version":[{"id":1106,"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=\/wp\/v2\/pages\/646\/revisions\/1106"}],"up":[{"embeddable":true,"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=\/wp\/v2\/pages\/28"}],"wp:attachment":[{"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}