General Insurance Corporation of India

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e from time to time by or on behalf of the Company. Given these risks, uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward-looking stat

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conomic growth through risk transfer mechanism 2 The risks flow through insurers to reinsurers 3 Insurance is written on the strength of reinsurance support 5 Reinsurers have devices to guar

8.9%

rio Strong Gross Written Premium* Growth Envisaged in Future CAGR 2021-31 Life CAGR 2021-31 P&C 8.9% 7.9% 4.8% 3.4% 5.6% 4.6% 3.1% 2.7% 7.3% 6.8% 1.3% 1.5% Rest of the world Japan Asia e

7.9%

trong Gross Written Premium* Growth Envisaged in Future CAGR 2021-31 Life CAGR 2021-31 P&C 8.9% 7.9% 4.8% 3.4% 5.6% 4.6% 3.1% 2.7% 7.3% 6.8% 1.3% 1.5% Rest of the world Japan Asia ex Japa

4.8%

Gross Written Premium* Growth Envisaged in Future CAGR 2021-31 Life CAGR 2021-31 P&C 8.9% 7.9% 4.8% 3.4% 5.6% 4.6% 3.1% 2.7% 7.3% 6.8% 1.3% 1.5% Rest of the world Japan Asia ex Japan Wes

3.4%

Written Premium* Growth Envisaged in Future CAGR 2021-31 Life CAGR 2021-31 P&C 8.9% 7.9% 4.8% 3.4% 5.6% 4.6% 3.1% 2.7% 7.3% 6.8% 1.3% 1.5% Rest of the world Japan Asia ex Japan Western E

5.6%

n Premium* Growth Envisaged in Future CAGR 2021-31 Life CAGR 2021-31 P&C 8.9% 7.9% 4.8% 3.4% 5.6% 4.6% 3.1% 2.7% 7.3% 6.8% 1.3% 1.5% Rest of the world Japan Asia ex Japan Western Europe

4.6%

ium* Growth Envisaged in Future CAGR 2021-31 Life CAGR 2021-31 P&C 8.9% 7.9% 4.8% 3.4% 5.6% 4.6% 3.1% 2.7% 7.3% 6.8% 1.3% 1.5% Rest of the world Japan Asia ex Japan Western Europe North

3.1%

rowth Envisaged in Future CAGR 2021-31 Life CAGR 2021-31 P&C 8.9% 7.9% 4.8% 3.4% 5.6% 4.6% 3.1% 2.7% 7.3% 6.8% 1.3% 1.5% Rest of the world Japan Asia ex Japan Western Europe North Ameri

2.7%

Envisaged in Future CAGR 2021-31 Life CAGR 2021-31 P&C 8.9% 7.9% 4.8% 3.4% 5.6% 4.6% 3.1% 2.7% 7.3% 6.8% 1.3% 1.5% Rest of the world Japan Asia ex Japan Western Europe North America Wo

7.3%

ged in Future CAGR 2021-31 Life CAGR 2021-31 P&C 8.9% 7.9% 4.8% 3.4% 5.6% 4.6% 3.1% 2.7% 7.3% 6.8% 1.3% 1.5% Rest of the world Japan Asia ex Japan Western Europe North America World G

6.8%

Future CAGR 2021-31 Life CAGR 2021-31 P&C 8.9% 7.9% 4.8% 3.4% 5.6% 4.6% 3.1% 2.7% 7.3% 6.8% 1.3% 1.5% Rest of the world Japan Asia ex Japan Western Europe North America World Global

Providing insurers capacity to write more

1

Providing insurers capacity to write more

proportional Providing insurers protection against bottom line volatility: non-proportional – major risks Providing insurers protection against balance sheet protection: non-proportional - catastrophe Source: Torben, Juul & Andersen, “Managing Economic Exposures of Catastrophe and Terrorism Risk: International Financing Solutions” Conference on Catastrophic Risks & Insurance, November 2004 5 Reinsurance Industry Overview – Global Scenario Strong Gross Written Premium* Growth Envisaged in Future CAGR 2021-31 Life CAGR 2021-31 P&C 8.9% 7.9% 4.8% 3.4% 5.6% 4.6% 3.1% 2.7% 7.3% 6.8% 1.3% 1.5% Rest of the world Japan Asia ex Japan Western Europe North America World Global Reinsurance Sector – Key Trends Market Size to Expand Potential for Price Increase Stable outlook for Sector Other Key Trends ✓ Size expected to grow from ~USD 575 Billion in 2022 to ~USD 895 Billion in 2027 ✓ Robust CAGR of 9.1% ✓ Rates rose sharply in Jan’23 renewals due to war, high inflation and increase in national cat