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54 / 228

GIC

120.60

20.10

150.75

20.10

National

92.10

15.35

88.89

11.85

New India

120.60

20.10

150.75

20.10

Oriental

69.60

11.60

87.00

11.60

United India

77.16

12.86

96.45

12.86

Bajaj Allianz

6.78

1.13

33.69

4.49

Cholamandalam

9.66

1.61

12.00

1.60

Future Generali

5.00

0.67

Govt. Insurance Fund, Gujarat

9.66

1.61

9.66

1.29

HDFC

2.52

0.42

2.50

0.33

ICICI Lombard

48.00

8.00

60.00

8.00

IFFCO-TOKIO

18.00

3.00

22.50

3.00

Reliance

9.66

1.61

12.08

1.61

Royal Sundaram

6.00

1.00

6.00

0.80

Tata-AIG

9.66

1.61

12.08

1.61

Universal Sompo

0.66

0.09

Total

600.00

100.00

750.00

100.00

ANNUAL REPORT 2007-08

The Regulations also require the Indian Reinsurer to organize domestic pools for re-insurance surpluses in consultation with all insurers.

Insurer

TABLE 33 SHARE OF MEMBER COMPANIES IN THE INDIAN MARKET TERRORISM POOL

2007-08 2008-09

Per Risk

Share (%)

Per Risk

Capacity

Capacity

(Rs. Crore)

(Rs. Crore)

Share (%)

During 2007-08, the total premium ceded to the pool was Rs. 153.81 crore and claims paid was Rs. 1.05 crore. The pool’s premium in the previous year was Rs. 163.50 crore with claims paid being Rs. 1.31 crore. In view of the good performance of

the pool, the capacity offered by the pool was enhanced to Rs. 750 crore per risk / location effective from April 1, 2008. The pool members also agreed for downward revision in terrorism premium rates effective April 1, 2008.

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