Page 134 - Continental Reinsurance 2022 Annual Report

132 Notes to the Consolidated and separate financial statement - continued

For the year ended 31 December 2022

43.1Management of Insurance risk (continued)
The Group’s insurance risk by product is shown on the table below:

Insurance Risk By Class Gross written Ceded to Net written Percentage Percentage
Group Premium Retrocessionaire Premium (GWP) (Retro)

(=N='000) (gross) (=N='000) % %
(=N='000)
26,736,122 26% 24%
31 December 2022 3,740,912 (6,699,939) 20,036,183 4% 4%
(1,149,413) 2,591,498
Accident 39,387,131 (12,153,231) 38% 43%
Energy 7,301,913 (1,360,469) 27,233,900 7% 5%
Fire 325,582 5,941,444 0% 0%
Group Life 5,082,992 (39,070) 286,512 5% 4%
Individual Life (1,099,455) 3,983,538
Liability 11,900,622 (4,257,725) 7,642,896 12% 15%
Engineering 1,947,299 1,119,455 2% 3%
Agriculture 6,793,631 (827,845) 6,384,851 7% 1%
Marine (408,780)
Total 103,216,203 (27,995,927) 75,220,276 100% 100%

31 December 2021 15,726,247 (2,261,805) 13,464,441 22% 15%
Accident 3,415,777 (1,009,280) 2,406,497 5% 7%
Energy (6,844,472)
Fire 26,733,219 19,888,746 38% 44%
Group Life 5,439,736 (536,788) 4,902,948 8% 3%
Individual Life 208,706 (25,045) 183,661 0% 0%
Liability 4,542,460 3,724,379 6% 5%
Engineering 8,309,200 (818,082) 5,868,316
Agriculture 1,348,931 (2,440,884) 633,529 12% 16%
Marine 4,660,800 3,863,915 2% 5%
Total (715,402) 7% 5%
70,385,076 (796,885) 54,936,432
Company (15,448,644) 100% 100%
Gross written
31 December 2022 Premium Ceded to Net written Percentage Percentage
Retrocessionaire Premium (GWP) (Retro)
Accident (=N='000)
Energy (gross) (=N='000) % %
Fire (=N='000)
Group Life
Individual Life 4,483,232 (2,215,407) 2,267,825 10% 22%
Liability 3,484,581 (966,554) 2,518,026 8% 10%
Engineering 18,983,781 15,449,963 36%
Agriculture 5,923,962 (3,533,818) 4,651,893 43% 13%
Marine (1,272,070) 13%
Total 276,546 243,360 0%
1,278,105 (33,186) 964,705 1% 3%
4,770,528 (313,400) 3,806,010 3% 10%
1,098,301 (964,519) 667,770 11% 4%
4,193,256 (430,531) 4,034,977 2% 2%
44,492,292 (158,280) 34,604,528 9% 100%
(9,887,764) 100%

Company 3,791,012 (1,265,259) 2,525,753 11% 22%
31 December 2021 3,391,013 (999,784) 2,391,229 10% 17%
Accident 13,986,342 12,608,838 40% 24%
Energy 4,324,467 (1,377,504) 3,835,268 12%
Fire (489,199) 9%
Group Life 207,395 (24,887) 182,508 1% 0%
Individual Life 1,083,581 (70,530) 1,013,051 3% 1%
Liability 4,153,551 (497,444) 3,656,107 12% 9%
Engineering (565,478) 2% 10%
Agriculture 810,342 (432,538) 244,864 9% 8%
Marine 3,178,285 2,745,748 100% 100%
Total 34,925,988 (5,722,622) 29,203,366