{"id":657,"date":"2019-08-14T18:32:21","date_gmt":"2019-08-14T18:32:21","guid":{"rendered":"https:\/\/www.gicouncil.in\/yearbook\/?page_id=657"},"modified":"2025-01-30T06:37:11","modified_gmt":"2025-01-30T06:37:11","slug":"table-14-gross-underwriting-experience-2008-09-to-2017-18-overall-figures","status":"publish","type":"page","link":"https:\/\/yearbook.websitestage.org\/?page_id=657","title":{"rendered":"Table 14: Gross Underwriting Experience – 2014-15 to 2023-24 (Overall Figures)"},"content":{"rendered":"

Table 14<\/span>Gross Underwriting Experience - 2014-15 to 2023-24 (Overall Figures)<\/h3>
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>
Gross Direct Premium <\/td> 87,151.37 <\/td> 99,332.95 <\/td> 1,30,970.11 <\/td> 1,53,437.54 <\/td> 1,72,482.74 <\/td> 1,92,192.59 \n <\/td> 202,094.36 <\/td> 2,24,002 <\/td> 2,60,328 <\/td> 2,89,673 <\/td> <\/tr>
Gross Written Premium <\/td> 90,364.55 <\/td> 1,02,395.77 <\/td> 1,34,177.33 <\/td> 1,56,629.01 <\/td> 1,75,899.19 <\/td> 1,95,201.61 \n <\/td> 206,905.70 <\/td> 2,29,792 <\/td> 2,66,591 <\/td> 3,00,843 <\/td> <\/tr>
Gross Earned Premium <\/td> 86,436.43 <\/td> 96,049.98 <\/td> 1,18,181.77 <\/td> 1,45,079.53 <\/td> 1,66,407.40 <\/td> 1,85,396.17 \n <\/td> 200,844.08 <\/td> 2,18,139 <\/td> 2,48,310 <\/td> 2,78,799 <\/td> <\/tr>
Gross Direct Claims <\/td> 72,046.74 <\/td> 79,256.69 <\/td> 1,12,962.62 <\/td> 1,24,708.49 <\/td> 1,38,826.94 <\/td> 1,52,737.58 \n <\/td> 148,031.96 <\/td> 178,909\r\n <\/td> 1,90,231 <\/td> 2,21,347 <\/td> <\/tr>
Gross Direct Claims as % to GEP <\/td> 83.35% <\/td> 82.52% <\/td> 95.58% <\/td> 85.96% <\/td> 83.43% <\/td> 82.38%\n <\/td> 73.70% <\/td> 82.0% <\/td> 76.6% <\/td> 79.4% <\/td> <\/tr>
Gross Direct Commission <\/td> 5,295.17 <\/td> 5,995.99 <\/td> 6,882.19 <\/td> 10,730.57 <\/td> 12,719.49 <\/td> 14,411.87 \n <\/td> 15,992.39 <\/td> 16,193\r\n <\/td> 20,515 <\/td> 40,300 <\/td> <\/tr>
Gross Direct Commission as % to GWP <\/td> 5.86%\r\n <\/td> 5.86%\r\n <\/td> 5.13%\r\n <\/td> 6.85%\r\n <\/td> 7.23%\r\n <\/td> 7.38%\n <\/td> 7.73% <\/td> 7.0% <\/td> 7.7% <\/td> 13.4% <\/td> <\/tr>
Expenses of Management <\/td> 20,324.31\r\n <\/td> 23,062.00\r\n <\/td> 26,827.00\r\n <\/td> 26,329.00\r\n <\/td> 30,604.00\r\n <\/td> 42,045.45 \n <\/td> 43,545.00\r\n <\/td> 46,551\r\n <\/td> 54,689 <\/td> 38,649 <\/td> <\/tr>
Expenses of Management as % to GWP <\/td> 22.49%\r\n <\/td> 22.52%\r\n <\/td> 19.99%\r\n <\/td> 16.81%\r\n <\/td> 17.40% <\/td> 21.54%\n <\/td> 21.05% <\/td> 20.3% <\/td> 20.5% <\/td> 12.8% <\/td> <\/tr>
Underwriting Surplus\/(Deficit) <\/td> (11,229.80)\r\n <\/td> (12,264.70)\r\n <\/td> (28,490.03)\r\n <\/td> (16,688.52)\r\n <\/td> (15,743.04)\r\n <\/td> (23,798.73)\n <\/td> (6,725.27\r\n) <\/td> (23,514) <\/td> (17,125) <\/td> (21497) <\/td> <\/tr>
Underwriting Surplus\/(Deficit) as % to GEP <\/td> -12.99%\r\n <\/td> -12.77%\r\n <\/td> -24.11%\r\n <\/td> -11.50%\r\n <\/td> -9.46%\r\n <\/td> -12.84%\n <\/td> -3.35% <\/td> -10.8% <\/td> -6.9% <\/td> -7.7% <\/td> <\/tr> <\/tbody><\/table>\n\n\n\n

(\u20b9 in Crores)<\/strong><\/em><\/p>\n\n\n\n

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

(\u20b9 in Crores) Source: IRDAI reports and Council Compilation<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":28,"menu_order":14,"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\/657"}],"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=657"}],"version-history":[{"count":9,"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=\/wp\/v2\/pages\/657\/revisions"}],"predecessor-version":[{"id":4122,"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=\/wp\/v2\/pages\/657\/revisions\/4122"}],"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=657"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}