In fiscal year 2021, the General Insurance Corporation of India along with the New India Assurance Co. had the highest terrorism risk insurance capacity at 3.3 billion Indian rupees each.
Risk capacity is measured by the amount of capital needed to meet risk tolerance (the measure of how much risk can be handled).
Leading companies in the terrorism risk insurance market across India in financial year 2021, by risk capacity
(in million Indian rupees)
The Indian Market Terrorism Risk Insurance Pool is an association of non-life insurers formed in April 2002, after terrorism cover was withdrawn by international reinsurers post 9/11 attacks in the United States. The companies listed in this statistic are all part of this association in India.
India's financial year begins in April and ends in March. For example, FY 2020 started in April 2019 and ended in March 2020.
One Indian rupee is equal to 0.013 U.S. dollars and 0.012 euros (as of February 2022).
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IRDA (India). (December 23, 2021). Leading companies in the terrorism risk insurance market across India in financial year 2021, by risk capacity (in million Indian rupees) [Graph]. In Statista. Retrieved November 18, 2024, from https://www.statista.com/statistics/656770/value-of-terrorism-risk-insurance-capacity-by-company-india/
IRDA (India). "Leading companies in the terrorism risk insurance market across India in financial year 2021, by risk capacity (in million Indian rupees)." Chart. December 23, 2021. Statista. Accessed November 18, 2024. https://www.statista.com/statistics/656770/value-of-terrorism-risk-insurance-capacity-by-company-india/
IRDA (India). (2021). Leading companies in the terrorism risk insurance market across India in financial year 2021, by risk capacity (in million Indian rupees). Statista. Statista Inc.. Accessed: November 18, 2024. https://www.statista.com/statistics/656770/value-of-terrorism-risk-insurance-capacity-by-company-india/
IRDA (India). "Leading Companies in The Terrorism Risk Insurance Market across India in Financial Year 2021, by Risk Capacity (in Million Indian Rupees)." Statista, Statista Inc., 23 Dec 2021, https://www.statista.com/statistics/656770/value-of-terrorism-risk-insurance-capacity-by-company-india/
IRDA (India), Leading companies in the terrorism risk insurance market across India in financial year 2021, by risk capacity (in million Indian rupees) Statista, https://www.statista.com/statistics/656770/value-of-terrorism-risk-insurance-capacity-by-company-india/ (last visited November 18, 2024)
Leading companies in the terrorism risk insurance market across India in financial year 2021, by risk capacity (in million Indian rupees) [Graph], IRDA (India), December 23, 2021. [Online]. Available: https://www.statista.com/statistics/656770/value-of-terrorism-risk-insurance-capacity-by-company-india/
