Periodic Disclosures
FORM NL-23 Reinsurance Risk Concentration  
Insurer General Insurance Corporation Of India   Jan-March 2017
Name of the RI Programme - Agri Re Protection Programme (Rs. In Lakhs)  
S.No Reinsurance Placement No. of Reinsurers RI Margin paid 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)               5     2,684,760,000   54.32%
3 Reinsurer's with rating of A but less than AA (ie. all RI's with rating AA-, A+ and A)             19     2,055,446,250   41.59%
4 Reinsurers with rating BBB but less than A (ie. all RI's with rating A-, BBB+ and BBB)               5        185,343,750   3.75%
5 Reinsurer's with rating less than BBB               1          12,356,250   0.25%
6 Govt. Companies (Domestic & Foreign)               1            4,593,750   0.09%
7 Pools        
8 Other Domestic Cos. (Pvt. Domestic Cos.)          
  Total             31       4,942,500,000   100.00%
(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   Jan-March 2017
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        
(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   Jan-March 2017
Name of the RI Programme - Energy  (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   Date-
Name of the RI Programme - Credit (Rs. In Lakhs) R.I Margin-11.5%
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   Jan-March 2017
Name of the RI Programme - Engineering and 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        
(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   Jan-March 2017
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      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        
* Protection has been ceded to Structured Solution 2015-16 and the amount shown is the margin of 11.5%
(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   Jan-March 2017
Name of the RI Programme -Life Re (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   Jan-March 2017
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        
(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   Jan-March 2017
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      
(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   Jan-March 2017
Name of the RI Programme - Miscellaneous (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   Jan-March 2017
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)      
Periodic Disclosures
FORM NL-23 Reinsurance Risk Concentration  
Insurer General Insurance Corporation Of India   Jan-March 2017
Name of the RI Programme - Energy (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   Jan-March 2017
Name of the RI Programme - RIWW (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   Jan-March 2017
Name of the RI Programme -Terrorism 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)