Claims Recovery Management
Treaty reinsurance claims, IBNR tracking & recovery settlements — FY 2024–25
Total Claims YTD
7
Gross incurred ₹3,182 Cr
Recovery Lodged
₹1,420 Cr
89.3% of eligible claims
Recovery Received
₹1,240 Cr
87.3% settlement rate
Outstanding Recovery
₹180 Cr
7 claims pending settlement
??? URGENT -->
Outstanding Claims Summary by Treaty
| Treaty Reference | Reinsurer | LOB | Gross Claims | Ceded Portion | Recovered | Outstanding | Recovery % | IBNR Reserve |
|---|---|---|---|---|---|---|---|---|
| TE/2024/XL/CAT/002 | Swiss Re | Property Cat | ₹284 Cr | ₹234 Cr | ₹149.8 Cr | ₹84.2 Cr | 64.0% | ₹18 Cr |
| TE/2024/QS/FIRE/001 | Munich Re | Fire | ₹490 Cr | ₹196 Cr | ₹196 Cr | ₹0 | 100% | ₹12 Cr |
| TE/2024/XL/ENG/006 | Mapfre Re | Engineering | ₹87.3 Cr | ₹82.3 Cr | ₹0 | ₹82.3 Cr | 0% (Disputed) | ₹5 Cr |
| TE/2024/WXL/MOT/004 | GIC Re | Motor OD | ₹356 Cr | ₹178 Cr | ₹164.8 Cr | ₹13.2 Cr | 92.6% | ₹22 Cr |