India’s Leading BFSI and FinTech Companies 2021

45 -80 -60 -40 -20 0 20 40 60 Public Sector Private Sector Standalone Health Special ised ` bn Profi tability of general & health insurers FY19 FY20 In FY20, the general insurance industry reported an aggregate net loss of ` 14.9 bn as against a net profit of ` 6.8 bn in FY19. The aggregate net loss of public sector insurers widened to ` 57 bn in FY20 as compared to ` 32.9 bn in FY19. Private sector insurers, on the other hand, reported an increase in net profit to ` 40.4 bn in FY20 as against ` 35.8 bn in FY19. Only one out of four public sector insurers and 12 out of 21 private general insurers reported profits in FY20. 0 5000 10000 15000 20000 25000 30000 35000 Public Private Public Private Life General ` bn Tota l investment of the i nsurance sector FY19 FY20 Total investment of the insurance sector grewby 10.5% y-o-y to touch ` 42.5 trillion as of March 31, 2020. Life insurers accounted for 91.5% share in total investment, while the share of general insurers and reinsurers (including branches of foreign reinsurers) remained at 6.9% and 1.7%, respectively. While investment by public sector insurers grew by 11.1% in FY20 as against 9.3% in FY19, the growth in investment by private insurers decelerated to 8.7% in FY20 from 18.1% in FY19. Reinsurance As of March 31, 2020, nine Foreign Reinsurance Branches (FRBs) and Lloyd’s India had been allowed to operate in the Indian reinsurance segment. 400 420 440 460 480 500 520 540 560 FY19 FY20 ` bn Net wri tten premium of reinsurers In FY20, the net written premium of reinsurers reported a strong growth of 17.8% to ` 542.6 bn. The strong growth in the reinsurance segment was largely driven by a 19.6% increase in net written premium of GIC Re. Growth in net written premium of FRBs, including Lloyd’s, decelerated substantially to 7.6% in FY20 from 77.7% in FY19. Among all segments, fire & motor segments had a share of 21.6% and 17.5%, respectively. Other business segments accounted for a 39.6% share in reinsurance premium in FY20. Dun & Bradstreet