NL 23_Oct - Dec 2018
Periodic Disclosures
FORM NL-23	Reinsurance Risk Concentration
Insurer	General Insurance Corporation Of India		Date-01.10.2018 to 31.12.2018
Name of the RI Programme - Agri				(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	0		-		0.00%
2	Reinsurer's with rating of AA but less than AAA (ie. all RI's with rating AA+ and AA)	5		11,382		56.15%
3	Reinsurer's with rating of A but less than AA (ie. all RI's with rating AA-, A+ and A)	24		7,632		37.65%
4	Reinsurers with rating BBB but less than A (ie. all RI's with rating A-, BBB+ and BBB)	5		973		4.80%
5	Reinsurer's with rating less than BBB	3		264		1.30%
6	Govt. Companies (Domestic & Foreign)	1		20		0.10%
7	Pools
8	Other Domestic Cos. (Pvt. Domestic Cos.)
	Total	38		20,270.25
Singapore, Asian Reinsurance, and Patria Re have their ratings converted to S&P rating using rating comparison key available at the open source
(Kindly note that all Ratings are as per S&P's Financial Strength Rating Scale)
Periodic Disclosures
FORM NL-23	Reinsurance Risk Concentration
Insurer	General Insurance Corporation Of India		Date-01.10.2018 to 31.12.2018
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)
Periodic Disclosures
FORM NL-23	Reinsurance Risk Concentration
Insurer	General Insurance Corporation Of India		Date-01.10.2018 to 31.12.2018
Name of the RI Programme - Credit 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)
Periodic Disclosures
FORM NL-23	Reinsurance Risk Concentration
Insurer	General Insurance Corporation Of India		Date-01.10.2018 to 31.12.2018
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
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)	1			86.48	2.00%
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.)	7			4240.80	98.00%
	Total				4327.28
(Kindly note that all Ratings are as per S&P's Financial Strength Rating Scale)
Periodic Disclosures
FORM NL-23	Reinsurance Risk Concentration
Insurer	General Insurance Corporation Of India		Date-01.10.2018 to 31.12.2018
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
(Kindly note that all Ratings are as per S&P's Financial Strength Rating Scale)
Periodic Disclosures
FORM NL-23	Reinsurance Risk Concentration
Insurer	General Insurance Corporation Of India		Date-01.10.2018 to 31.12.2018
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
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)	1	328.67			Retro Share -50%
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		328.67
(Kindly note that all Ratings are as per S&P's Financial Strength Rating Scale)
FORM NL-23	Reinsurance Risk Concentration
Insurer	General Insurance Corporation Of India		Date-01.10.2018 to 31.12.2018
Name of the RI Programme - Marine				(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)
Periodic Disclosures
FORM NL-23	Reinsurance Risk Concentration
Insurer	General Insurance Corporation Of India		Date-01.10.2018 to 31.12.2018
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
(Kindly note that all Ratings are as per S&P's Financial Strength Rating Scale)
Periodic Disclosures
FORM NL-23	Reinsurance Risk Concentration
Insurer	General Insurance Corporation Of India		Date-01.10.2018 to 31.12.2018
Name of the RI Programme - Nuclear Pool				(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
(Kindly note that all Ratings are as per S&P's Financial Strength Rating Scale)
Periodic Disclosures
FORM NL-23	Reinsurance Risk Concentration
Insurer	General Insurance Corporation Of India		Date-01.10.2018 to 31.12.2018
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)
Periodic Disclosures
FORM NL-23	Reinsurance Risk Concentration
Insurer	General Insurance Corporation Of India		Date-01.10.2018 to 31.12.2018
Name of the RI Programme -Indian Market Terrorism Risk Insurance Pool				(Rs. In Lakhs)
S.No	Reinsurance Placement	No. of Reinsurers	Premium Ceded (Deposit Premium)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)