{"id":659,"date":"2019-08-14T18:37:40","date_gmt":"2019-08-14T18:37:40","guid":{"rendered":"https:\/\/www.gicouncil.in\/yearbook\/?page_id=659"},"modified":"2025-01-30T07:00:05","modified_gmt":"2025-01-30T07:00:05","slug":"table-15-net-underwriting-experiencee-2008-09-to-2017-18-overall-figures","status":"publish","type":"page","link":"https:\/\/yearbook.websitestage.org\/?page_id=659","title":{"rendered":"Table 15: Net Underwriting Experience – 2014-15 to 2023-24 (Overall Figures)"},"content":{"rendered":"

Table 15<\/span>Net 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>
Net Written Premium <\/td> 71,300.23 <\/td> 81,450.16 <\/td> 94,177.57 <\/td> 1,07,410.75 <\/td> 1,20,386.40 <\/td> 1,30,187.03 \n <\/td> 147,038.00 <\/td> 165,514 <\/td> 1,92,333 <\/td> 2,20,873 <\/td> <\/tr>
Net Earned Premium <\/td> 67,428.11 <\/td> 75,877.60 <\/td> 88,724.95 <\/td> 1,00,452.71 <\/td> 1,13,333.77 <\/td> 1,26,179.00 \n <\/td> 137,619.58 <\/td> 158,002 <\/td> 1,79,678 <\/td> 2,08,793 <\/td> <\/tr>
Net Incurred Claims <\/td> 55,231.87 <\/td> 64,495.03 <\/td> 80,662.18 <\/td> 85,650.15 <\/td> 1,01,051.02 <\/td> 1,08,390.26 \n <\/td> 111,549.09 <\/td> 140,565 <\/td> 1,49,267 <\/td> 1,72,300 <\/td> <\/tr>
Net Incurred Claims as % to NEP <\/td> 81.91% <\/td> 85.00% <\/td> 90.91% <\/td> 85.26% <\/td> 89.16% <\/td> 85.90%\n <\/td> 81.06% <\/td> 89.0% <\/td> 83.1% <\/td> 82.5% <\/td> <\/tr>
Net Commission <\/td> 2,663.81 <\/td> 2,973.01 <\/td> 1,380.24 <\/td> 3,966.62 <\/td> 5,694.77 <\/td> 5,673.96 \n <\/td> 7,209.32 <\/td> 7,944 <\/td> 9,072 <\/td> 26,430 <\/td> <\/tr>
Net Commission as % to NWP <\/td> 3.74% <\/td> 3.65% <\/td> 1.47% <\/td> 3.69% <\/td> 4.73% <\/td> 4.36%\n <\/td> 4.90% <\/td> 4.8% <\/td> 4.7% <\/td> 12.0% <\/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>
EOM as % to NEP <\/td> 30.14%\r\n <\/td> 30.39%\r\n <\/td> 30.24%\r\n <\/td> 26.21%\r\n <\/td> 27.00%\r\n <\/td> 33.32%\n <\/td> 31.64% <\/td> 29.5% <\/td> 30.4% <\/td> 18.5% <\/td> <\/tr>
Underwriting Surplus\/(Deficit) <\/td> (10,791.88)\r\n <\/td> (14,652.44)\r\n <\/td> (20,144.48)\r\n <\/td> (15,493.07)\r\n <\/td> (24,016.02)\r\n <\/td> (29,930.67)\n <\/td> (24,683.83\r\n) <\/td> (37,058) <\/td> (33,350) <\/td> (28586) <\/td> <\/tr>
Underwriting Surplus\/(Deficit) as % to NEP <\/td> -16.01%\r\n <\/td> -19.31%\r\n <\/td> -22.70%\r\n <\/td> -15.42%\r\n <\/td> -21.19%\r\n <\/td> -23.72%\n <\/td> -17.94% <\/td> -23.5% <\/td> -18.6% <\/td> -13.7% <\/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":15,"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\/659"}],"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=659"}],"version-history":[{"count":11,"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=\/wp\/v2\/pages\/659\/revisions"}],"predecessor-version":[{"id":4125,"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=\/wp\/v2\/pages\/659\/revisions\/4125"}],"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=659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}