Investor Presentaiton
Comprehensive Product Portfolio - P&C
• Market share in commercial lines
Property & Casualty (P&C) Market Share
Product
Fire
Engineering
Marine Cargo
Liability
H12022
H12023
13.2%
12.8%
15.7%
15.1%
18.4%
18.6%
17.5%
15.4%
Property & Casualty
Crop
• Crop constitutes 7.6% of the product mix for H12023
• Covered farmers in 2 states and 10 districts in Kharif
season in H12023
Crop
billion
63.2%
59.4%
72.8%
59.6%
50.24
39.29
32.13
27.69
FY2021
FY2022
H12022
H12023
Loss Ratio
111.2%
107.9%
125.2%
84.3%
7.99
6.66
5.83
0.33
• Won 2 clusters in Maharashtra comprising of 7 districts
• Conservative reserving philosophy
FY2021
FY2022
H12022
H12023
Loss Ratio
ICICI Lombard
Nibhaye Vaade
Source: IRDAI & GI Council
Merged figures are presented from April 1, 2021 onwards, hence figures of FY2021 are not comparable
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