| FORM NL-33- REINSURANCE/ RETROCESSION RISK CONCENTRATION | |||||||||
| 100000 | |||||||||
| Name of the Insurer: General Insurance Corporation of India (GIC Re) | |||||||||
| Registration No: | Date: 30.09.2022 | ||||||||
| (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 | 5 | 5,253.00 | 22.96 | 11,040.21 | 12.73% | |||
| 2A | No. of Reinsurers with rating AA but less than AAA | 34 | 24,584.42 | (733.47) | 7,044.71 | 24.10% | |||
| 3A | No. of Reinsurers with rating A but less than AA | 90 | 10,408.82 | (962.24) | 20,099.90 | 23.05% | |||
| 4A | No. of Reinsurers with rating BBB but less than A | 38 | (631.34) | 434.67 | 8,219.23 | 6.26% | |||
| 5A | No. of Reinsurers with rating less than BBB | 5 | - | 37.57 | 863.18 | 0.70% | |||
| 6A | Others (outside India) | 9 | - | 182.17 | 823.13 | 0.78% | |||
| Total (A) | 181 | 39,614.91 | (1,018.34) | 48,090.37 | |||||
| With In India | |||||||||
| 1B | Indian Insurance Companies | 18 | 21,242.85 | - | (230.45) | 16.39% | |||
| 2B | FRBs | 11 | 2,513.73 | 625.16 | 17,351.74 | 15.98% | |||
| 3B | GIC Re | ||||||||
| 4B | Other (within India) | ||||||||
| Total (B) | 29 | 23,756.58 | 625.16 | 17,121.29 | |||||
| Grand Total (C)= (A)+(B) | 210 | 63,371.49 | (393.18) | 65,211.66 | 100.00% | ||||
| Note:- | |||||||||
| (a) The above data exclude estimation premium, Special arrangement with Branches & Inter branch figures which amounts to (-)INR 817.2 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 | |||||||||
| (b) Figures are for the period 01.04.2022 - 30.09.2022 | |||||||||
| (c) 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. | |||||||||
| (d) Category 6 - Others (outside India) includes Non -rated reinsurers, Government Reinsurers and Pools. | |||||||||
| (e) Rating agencies have withdrwawn ratings of few reinsurers during the year .The premium ceded to such reinsurers is INR 440.68 Lakhs. | |||||||||
| Name of the Insurer: Indian Market Terrorism Risk Insurance Pool | |||||||||
| Q1 2022-23 | Q2 2022-23 | Total =Q1+Q2 | |||||||
| 1A | Reinsurer's with rating of AAA | ||||||||
| 2A | Reinsurer's with rating of AA but less than AAA (ie. all RI's with rating AA+ and AA) | ||||||||
| 3A | Reinsurer's with rating of A but less than AA (ie. all RI's with rating AA-, A+ and A) | 7,533,701 | 10 | 7,533,701 | 10 | 15,067,401 | 10 | ||
| 4A | Reinsurers with rating BBB but less than A (ie. all RI's with rating A-, BBB+ and BBB) | 1,420,123 | 4 | 1,420,123 | 4 | 2,840,245 | 4 | ||
| 5A | Reinsurer's with rating less than BBB | - | - | - | - | - | |||
| 6A | Others (outside India) | 231,651 | 2 | 231,651 | 2 | 463,302 | 2 | ||
| 1B | Indian Insurance Co | 4,171,736 | 13 | 4,171,736 | 13 | 8,343,473 | 13 | ||
| 2B | FRBs | 3,474,768 | 3 | 3,474,768 | 3 | 6,949,537 | 3 | ||
| 3B | GIC Re | 2,870,461 | 1 | 2,870,461 | 1 | 5,740,922 | 1 | ||
| 0 | Others (within India) | - | - | - | - | - | - | ||
| Total | 19,702,440 | 33 | 19,702,440 | 33 | 39,404,880 | 33 | |||
| Not Rated Russion Reinsurer | |||||||||
| GRAND TOTAL | 39,404,880 | ||||||||