FORM NL-33- REINSURANCE/RETROCESSION RISK CONCENTRATION
									100000
Name of the Insurer: General Insurance Corporation of India (GIC Re)
Registration No:					Date: 31.03.2023
					(Amount in Rs. Lakhs)
S.No.	Reinsurance/Retrocession Placements	No. of reinsurers	Premium ceded to reinsurers (Upto the Quarter)			Premium ceded to reinsurers / Total reinsurance premium ceded (%)
			Proportional	Non-Proportional	Facultative
	Outside India
1A	No. of Reinsurers with rating of AAA and above	8	0	10,695.09	112.85	3.72%
2A	No. of Reinsurers with rating AA but less than AAA	49	12,469.56	21,733.04	54,791.23	30.64%
3A	No. of Reinsurers with rating A but less than AA	110	5,450.16	35,019.42	2,690.13	14.86%
4A	No. of Reinsurers with rating BBB but less than A	52	772.07	24,938.92	673.84	9.08%
5A	No. of Reinsurers with rating less than BBB	13	0	2,625.21	93.98	0.94%
6A	Others (outside India)	12	0	870.73	5,105.74	2.06%
	Total (A)	244	18,691.79	95,882.41	63,467.77
	With In India
1B	Indian Insurance Companies	17	10,592.48	14.80	55,731.77	22.84%
2B	FRBs	8	5,699.75	36,241.12	4,160.66	15.87%
3B	GIC Re
4B	Other (within India)
	Total (B)	25	16,292.23	36,255.92	59,892.43
	Grand Total (C)= (A)+(B)	269	34,984.02	132,138.33	123,360.20	100.00%
	Note:-
	(a) The above data exclude estimation premium, Special arrangement with Branches & Inter branch figures which amounts to INR 4233.57 Lakhs
	(b)The total of Premium ceded to reinsurers (Proportional, Non-Proportional and Facultative as per the table and point (a) is consistent with all relevant NL forms; The aforementioned Business figures are matching with all relevant NL forms
	(c) Figures are for the period 01.04.2022 - 31.03.2023 which includes terrorism pool data.
	(d) S&P and equivalent ratings of other agencies are used to prepare the disclosure.
	In case of reinsurer not rated by S&P, other agency ratings were used and equivalency was established to adjust them in the above bands.
	(e) Category 6 - Others (outside India) includes Non -rated reinsurers, Government Reinsurers and Pools.
	(f) Rating agencies have withdrwawn ratings of few reinsurers during the year .The premium ceded to such reinsurers is INR 786.74lakh (Included in above table figures).