The cession & network lens — GIC Re obligatory cession and the treaty panel, the cashless provider networks (10,000+ hospitals, 6,500+ garages), TPAs and the core-systems / digital vendors, with the float and continuity move for each.
Extending the premium float frees ₹45 Cr of investable float — the float period sits at 48d vs the 62-day target. Preserve it, manage the 4 at-risk partners (the cashless hospital network the key medical-inflation / fraud exposure), and consolidate the reinsurance panel for better treaty terms.
3 of 4 headline metrics improving vs prior · still off target: Premium Float Period (days) 48d vs 52d, Loss Ratio (Net Claims / NEP) 79.0% vs 75.0%, Gross Written Premium (GWP) ₹5,548 Cr vs ₹6,100 Cr
Network hospitals — cashless (10,000+) & Garage network — motor (6,500+) & Core systems & digital (TCS BaNCS, LEO, IRIS) & TPAs & claims administration (I-Assist OCR) carry medium+ risk and softer reliability — medical inflation on the hospital network, garage collusion on motor and vendor SLAs can each stretch claims.
₹45 Cr of investable float is preserved by moving the float period from 48d toward the 62-day target on ₹4,139 Cr of cession & spend — the float that funds the investment income covering the underwriting loss.
Network hospitals — cashless (10,000+) (₹1,239 Cr) and GIC Re (obligatory + treaty reinsurance) (₹1,180 Cr) are 58% of spend — concentrating cession & volume earns better treaty terms and priority service.
₹4,139 Cr of GIC Re cession, treaty, provider-network claims outlay and vendor spend runs through 6 partner lines — the cashless hospital network the single biggest line and the key medical-inflation exposure. This view turns that into two moves: a ₹45 Cr float release from premium-float discipline, and a panel-management plan for the 4 partners whose risk could stretch claims.
Two partners are 58% of spend — the negotiation priorities.
Each card: cession / spend, reliability and the specific move.
Cession / spend, score, reliability, terms and risk.
| Partner | Category | Cession / spend | Score | Reliability | Dispute % | Terms (d) | Risk |
|---|---|---|---|---|---|---|---|
| Network hospitals — cashless (10,000+) | Health provider network | ₹1,239 Cr | 82 | 96% | 2.1% | 6d | High |
| GIC Re (obligatory + treaty reinsurance) | Reinsurance | ₹1,180 Cr | 88 | 98% | 0.4% | 60d | Low |
| Garage network — motor (6,500+) | Motor repair network | ₹900 Cr | 84 | 92% | 1.6% | 12d | Medium |
| International treaty panel (Munich Re / Swiss Re / others) | Reinsurance | ₹500 Cr | 90 | 97% | 0.5% | 60d | Low |
| Core systems & digital (TCS BaNCS, LEO, IRIS) | Technology & digital | ₹180 Cr | 86 | 95% | 0.6% | 45d | Medium |
| TPAs & claims administration (I-Assist OCR) | Claims / TPA services | ₹140 Cr | 83 | 94% | 1% | 30d | Medium |