Insights into Non-Life Insurance Trends and Growth in India

Explore key statistics and trends in the Indian non-life insurance sector, including penetration rates, gross premium income, number of offices and employees, market shares of companies, and overall market share breakdown by insurance type. Gain valuable insights into the industry's growth from 2010 to 2017.

• Insurance trends
• Non-life insurance
• Indian market
• Growth insights
• Insurance industry

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1. Non life Insurance Highlights General Insurance Council

2. Non Life Insurance Penetration & Density DENSITY (USD) PENETRATION (% OF GDP) 35 6 30 5 25 4 20 IN US $ 3 15 13.2 1111.5 1010.511 2 8.7 10 6.7 6.2 6.2 5.2 0.560.670.62 0.640.61 0.6 0.6 0.6 0.60.71 0.70.78 0.80.7 0.720.77 4.4 1 4 3.5 5 3 2.4 0 0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 YEAR Source: IRDAI General Insurance council 2

3. General Insurance Council

4. Gross Direct Premium Income-Indian Business 140,000 35.00% 128,128 32.90% 120,000 30.00% GDPI has grown at a CAGR of 17.7% over the period 2010-11 to 2016-17 96,379 100,000 Rs in Crores 25.00% 24.10% 71,203 22.90% 84,686 77,543 80,000 20.00% Growth % 19.00% 60,000 15.00% 13.80% 48,213 40,000 10.00% 9.20% 8.90% 20,000 5.00% - 0.00% 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 Year GDPI Growth % Source: Council Collation General Insurance Council

5. No of Offices 12000 10385 10000 8459 8000 6264 6000 4837 4000 1926 2000 1427 593 261 83 69 0 Private Sector ( Multiline) Health Public Sector Multiline) Agriculture and ECGC General Insurers 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 Source: Council collation General Insurance Council

6. No of Employees 120000 95824 100000 86363 80000 66727 61547 60000 40000 34277 19947 19636 20000 6218 886 766 0 Private Sector Multiline Health insurers Public Sector Multiline) Agriculture and ECGC General Insurers 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 Source: Council Collation General Insurance Council

7. Market Share of Companies For FY 2017 in terms of GDP 17.06% 18.00% 16.00% 13.19%12.22% 14.00% 10.54% 12.00% 9.18% 10.00% 8.00% 5.87% 5.55% 6.00% 4.13% 3.38% 3.24% 3.23% 2.38% 4.00% 1.99% 1.85% 1.76% 1.67% 1.54% 1.22% 2.00% 0.00% Source: Council Collation General Insurance council 7

8. Overall Market share as on 31st March 2017 Marine Cargo, 1.7% Fire, 7.5% Marine Hull, 0.6% Engineering, 1.8% Aviation , 0.3% Crop Insurance, 16.10% Liability, 1.5% P.A., 2.8% All Other Misc., 4.2% Health, 24.1% Motor OD, 18.6% Source: Council collation Motor TP, 20.8% General Insurance Council

9. Investment 25,000 21,755 20,000 Income-Rs Cr 19,123 16,786 14,305 15,000 12,415 9,955 9,866 10,000 8,102 7,357 6,528 6,369 5,000 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 Year 2012-13 2013-14 2014-15 2015-16 2016-17 Investment Income Source: Public Disclosures General Insurance Council

10. Capital Leverage (Gross and Net Premium) 60,000 3.00 2.50 2.43 50,000 2.16 2.00 2.00 1.95 1.95 1.94 1.85 40,000 1.76 1.71 1.69 1.67 1.67 1.55 1.52 1.50 1.51 1.50 1.46 1.39 1.24 30,000 1.17 1.14 1.11 1.00 20,000 0.50 10,000 - 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 Capital Employed Gross Premium/Capital Employed Net Premium/Capital Employed Source: Public Disclosures

11. Traditional Line of Business-Growth % for 3 years (Other than Motor & Health) 37.9% 38.0% 23.8% 28.0% 9.4% 9.5% 10.4% 17.2% 1.6% 18.0% 10.2% 9.9% 8.5% 0.6% 8.0% 4.9% 4.1% 2.8% 1.2% -2.0% Fire Marine Cargo Marine Hull Engineering Aviation Liability P.A. All Other Misc. -0.5% -3.5% -6.4% -7.7% -2.6% -12.0% -5.7% -10.3% March 2017 -9.0% Source: Council collation March 2016 March 2015 General Insurance Council 11

12. Motor & Health Growth % (63.5% overall Market Share) Motor & Health Business -Growth % for 3 years 30% 26.4% 23.8% 25% 18.79% 22.14% 18.45% 20% 15.64% 15% 11% 9% 10% 4.30% 5% 0% Motor OD Motor TP Health March 2017 March 2016 March 2015 Source: Council collation General Insurance council 12

13. Combined Ratio 140% 135% 130% 126% 125% 122% 120% 115% 110% 105% 100% 95% 90% 2011 2012 2013 2014 2015 2016 2017 Source: Council Collation General Insurance Council