FORM NL-23

Reinsurance Risk Concentration

Insurer General Insurance Corporation Of India

Date- 01.01.2021  to 31.03.2021

Name of the RI Programme - Agriculture RI

(₹ 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

2

Reinsurer's with rating of AA but less than AAA (ie. all RI's with rating AA+ and AA)

4

 652.90

1.79%

3

Reinsurer's with rating of A but less than AA (ie. all RI's with rating AA-, A+ and A)

41

 8,402.63

 22,098.08

83.74%

4

Reinsurers with rating BBB but less than A (ie. all RI's with rating A-, BBB+ and BBB)

7

 3,267.32

8.97%

5

Reinsurer's with rating less than BBB

3

 172.64

0.47%

6

Govt. Companies (Domestic & Foreign)

6

 1,829.89

5.02%

7

Pools

8

Other Domestic Cos. (Pvt. Domestic Cos.)

Total

61

 8,402.63

 28,020.84

100.00%

(Kindly note that all Ratings are as per S&P's Financial Strength Rating Scale)

(Premium information is extracted from system)

Periodic Disclosures

FORM NL-23

Reinsurance Risk Concentration

Insurer

General Insurance Corporation Of India

Date- 01.01.2021  to 31.03.2021

Name of the RI Programme - Aviation

(₹ 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)

1

14.01

0.54%

3

Reinsurer's with rating of A but less than AA (ie. all RI's with rating AA-, A+ and A)

23

2268.11

87.34%

4

Reinsurers with rating BBB but less than A (ie. all RI's with rating A-, BBB+ and BBB)

4

115.96

4.47%

5

Reinsurer's with rating less than BBB

3

43.73

1.68%

6

Govt. Companies (Domestic & Foreign)

2

126.44

4.87%

7

Pools

1

28.58

1.10%

8

Other Domestic Cos. (Pvt. Domestic Cos.)

Total

34

126.44

2470.39

100.00%

(Kindly note that all Ratings are as per S&P's Financial Strength Rating Scale)

(Premium information is extracted from system)

Periodic Disclosures

FORM NL-23

Reinsurance Risk Concentration

Insurer

General Insurance Corporation Of India

Date- 01.01.2021  to 31.03.2021

Name of the RI Programme -  Credit Re

(₹ 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)

(Premium information is extracted from system)

Periodic Disclosures

FORM NL-23

Reinsurance Risk Concentration

Insurer

General Insurance Corporation Of India

Date- 01.01.2021  to 31.03.2021

Name of the RI Programme -  Energy

(₹ 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)

(Premium information is extracted from system)

Periodic Disclosures

FORM NL-23

Reinsurance Risk Concentration

Insurer

General Insurance Corporation Of India

Date- 01.01.2021  to 31.03.2021

Name of the RI Programme - Engineering

(₹ 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

 -

 -

 129.23

2.70%

3

Reinsurer's with rating of A but less than AA (ie. all RI's with rating AA-, A+ and A)

6

 -

 -

 1,320.68

27.62%

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

2

 529.34

 -

 -

11.07%

6

Govt. Companies (Domestic & Foreign)

3

 -

 -

 585.07

12.23%

7

Pools

 -

 -

 -

8

Other Domestic Cos. (Pvt. Domestic Cos.)

8

 2,217.67

46.38%

Total

22

 529.34

 -

 4,252.65

100.00%

(Kindly note that all Ratings are as per S&P's Financial Strength Rating Scale)

(Premium information is extracted from system)

Periodic Disclosures

FORM NL-23

Reinsurance Risk Concentration

Insurer

General Insurance Corporation Of India

Date- 01.01.2021  to 31.03.2021

Name of the RI Programme - Fire Domestic

(₹ 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

0

#DIV/0!

(Kindly note that all Ratings are as per S&P's Financial Strength Rating Scale)

(Premium information is extracted from system)

Periodic Disclosures

FORM NL-23

Reinsurance Risk Concentration

Insurer

General Insurance Corporation Of India

Date- 01.01.2021  to 31.03.2021

Name of the RI Programme - Health

(₹ 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)

(Premium information is extracted from system)

Periodic Disclosures

FORM NL-23

Reinsurance Risk Concentration

Insurer

General Insurance Corporation Of India

Date- 01.01.2021  to 31.03.2021

Name of the RI Programme - Liability

(₹ 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)

(Premium information is extracted from system)

Periodic Disclosures

FORM NL-23

Reinsurance Risk Concentration

Insurer

General Insurance Corporation Of India

Date- 01.01.2021  to 31.03.2021

Name of the RI Programme - Life Re - Proportional

(₹ 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

659.58

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

1

659.58

(Kindly note that all Ratings are as per S&P's Financial Strength Rating Scale)

(Premium information is extracted from system)

FORM NL-23

Reinsurance Risk Concentration

Insurer

General Insurance Corporation Of India

Date- 01.01.2021  to 31.03.2021

Name of the RI Programme - Marine Cargo and Hull

(₹ 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)

(Premium information is extracted from system)

Periodic Disclosures

FORM NL-23

Reinsurance Risk Concentration

Insurer

General Insurance Corporation Of India

Date- 01.01.2021  to 31.03.2021

Name of the RI Programme - Miscellaneous

(₹ 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)

(Premium information is extracted from system)

Periodic Disclosures

FORM NL-23

Reinsurance Risk Concentration

Insurer

General Insurance Corporation Of India

Date- 01.01.2021  to 31.03.2021

Name of the RI Programme - Domestic Non-marine Risk cum CAT XOL (Excl. spec Retro)

(₹ 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)

5

 1,579.50

37.38%

3

Reinsurer's with rating of A but less than AA (ie. all RI's with rating AA-, A+ and A)

61

 2,076.85

49.15%

4

Reinsurers with rating BBB but less than A (ie. all RI's with rating A-, BBB+ and BBB)

24

 447.30

10.59%

5

Reinsurer's with rating less than BBB

5

 76.61

1.81%

6

Govt. Companies (Domestic & Foreign)

4

 25.64

0.61%

7

Pools

1

 19.41

0.46%

8

Other Domestic Cos. (Pvt. Domestic Cos.)

 -

Total

100

 4,225.31

100.00%

(Kindly note that all Ratings are as per S&P's Financial Strength Rating Scale)

(Premium information is extracted from system)

Periodic Disclosures

FORM NL-23

Reinsurance Risk Concentration

Insurer

General Insurance Corporation Of India

Date- 01.01.2021  to 31.03.2021

Name of the RI Programme - Non Marine Foreign Programme

(₹ 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)

2

5274.03

32.12%

3

Reinsurer's with rating of A but less than AA (ie. all RI's with rating AA-, A+ and A)

33

9077.43

55.28%

4

Reinsurers with rating BBB but less than A (ie. all RI's with rating A-, BBB+ and BBB)

11

1418.94

8.64%

5

Reinsurer's with rating less than BBB

4

429.90

2.62%

6

Govt. Companies (Domestic & Foreign)

4

219.38

1.34%

7

Pools

8

Other Domestic Cos. (Pvt. Domestic Cos.)

Total

54

 16,419.68

100.00%

(Kindly note that all Ratings are as per S&P's Financial Strength Rating Scale)

(Premium information is extracted from system)

FORM NL-23

Reinsurance Risk Concentration

Insurer

General Insurance Corporation Of India

Date- 01.01.2021  to 31.03.2021

Name of the RI Programme - Nuclear Pool

(₹ 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)

(Premium information is extracted from system)

FORM NL-23

Reinsurance Risk Concentration

Insurer

General Insurance Corporation Of India

Date- 01.01.2021  to 31.03.2021

Name of the RI Programme - Property Foreign

[ GIC Synd 1947 International retro (57628) & Hannover K Quota (42736)

NIA syndney(45014), ASR MGA Retro(58776)]

(₹ 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

 3,117.52

20.00%

4

Reinsurers with rating BBB but less than A (ie. all RI's with rating A-, BBB+ and BBB)

1

 (26.14)

15.00%

5

Reinsurer's with rating less than BBB

**6

Govt. Companies (Domestic & Foreign)

3

 1,506.71

29.56%

7

Pools

8

Other Domestic Cos. (Pvt. Domestic Cos.)

Total

4

 4,598.10

(Kindly note that all Ratings are as per S&P's Financial Strength Rating Scale)

(Premium information is extracted from system)

*Note: Syndicate 1947 share is 20% of GIC Share on ceded treaties for 2020-21 year.

**Note:

For K Quota 2020, GIC Gross participation is 3.1982% with National 0.3893% and United 0.5562% of 100%.

ie: USD 7m (National) and USD 10m (United India) totalling USD 17m retro participation of GIC Gross participation USD 57,503,780.

This results in 29.56327% of our share retroceded.

** including Reinstatement premium for New India Sydney retro of 0.12 lac