NL 23_July-Sept 2015
FORM NL-23	Reinsurance Risk Concentration
Insurer	General Insurance Corporation Of India		July-Sept 2015
Name of the RI Programme - Aviation Reinsurance 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			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
Periodic Disclosures
FORM NL-23	Reinsurance Risk Concentration
Insurer	General Insurance Corporation Of India		July-Sept 2015
Name of the RI Programme - Engg. & Large Risk				(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
Periodic Disclosures
FORM NL-23	Reinsurance Risk Concentration
Insurer	General Insurance Corporation Of India		July-Sept 2015
Name of the RI Programme - Marine 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
Periodic Disclosures
FORM NL-23	Reinsurance Risk Concentration
Insurer	General Insurance Corporation Of India		July-Sept 2015
Name of the RI Programme - Marine Cargo				(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
9	Total	0		0
PERIODIC DISCLOSURES
Form NL-23	Reinsurance Risk Concentration
Insurer	General Insurance Corporation of India		July-Sept 2015
Name of the RI Programme -RIWW				Rs. In Lakhs
Reinsurance Risk Concentration
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
Periodic Disclosures
FORM NL-23	Reinsurance Risk Concentration
Insurer	General Insurance Corporation Of India		July-Sept 2015
Name of the RI Programme - Miscellaneous				(Rs. In Lakhs)
S.No	Reinsurance Placement	No. of Reinsurers	Premium Ceded to Reinsurers (INR Lakhs)
			Proportional	Non-Proportional	Facultative	Premium Ceded to Reinsurers (%)
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
Periodic Disclosures
FORM NL-23	Reinsurance Risk Concentration
Insurer	General Insurance Corporation Of India		July-Sept 2015
Name of the RI Programme -Marine & Energy XOL				(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
Periodic Disclosures
FORM NL-23	Reinsurance Risk Concentration
Insurer	General Insurance Corporation Of India		July-Sept 2015
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
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)	3		90.35		100%
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	3		90.35*		100%
	* Protection has been ceded to Structured Solutions 2014-15 and the amount shown is the margin of 11.5%
	Department →  Property & Engineering (Non-Marine)
Periodic Disclosures
FORM NL-23	Reinsurance Risk Concentration
Insurer	General Insurance Corporation Of India		July-Sept 2015
Name of the RI Programme - Re Takaful				(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)
(Data is required only for Non Prop programmes)
Periodic Disclosures
FORM NL-23	Reinsurance Risk Concentration
Insurer	General Insurance Corporation Of India		July-Sept 2015
Name of the RI Programme -Agriculture				(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)
(Data is required only for Non Prop programmes)
Periodic Disclosures
FORM NL-23	Reinsurance Risk Concentration
Insurer	General Insurance Corporation Of India		July-Sept 2015
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)
(Data is required only for Non Prop programmes)
7	Pools	0	0	0	0
8	Other Domestic Cos. (Pvt. Domestic Cos.)	0	0	0	0
	Total					0
Periodic Disclosures
FORM NL-23	Reinsurance Risk Concentration
Insurer	General Insurance Corporation Of India		Date-April-June2015
Name of the RI Programme - Agri Re Protection Programme				(Rs. In Lakhs)
S.No	Reinsurance Placement	No. of Reinsurers	Adjustment Premium/ RI Margin paid/Additional MDP Ceded to Reinsurers (INR Lakhs)			Premium Ceded to Reinsurers (%)
			Proportional	Non-Proportional	Facultative
1	Reinsurer's with rating of AAA	1		56.58		19.34
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)	5		218.53		74.69
4	Reinsurers with rating BBB but less than A (ie. all RI's with rating A-, BBB+ and BBB)	2		17.47		5.97
5	Reinsurer's with rating less than BBB
6	Govt. Companies (Domestic & Foreign)
7	Pools
8	Other Domestic Cos. (Pvt. Domestic Cos.)
	Total			292.58		100%