Claim ratio of motor insurances in Malaysia 2014-2023

Published by
Amanda Siddharta,
Dec 10, 2024

The claim ratio of the motor insurance sector in Malaysia increased from 55.6 percent in 2021 to 66.7 percent in 2023. The Net Claims Incurred Ratio (NCIR) of the overall motor insurance sector in the country has been fluctuating over the past decade.

Claim ratio of motor insurance companies in Malaysia from 2014 to 2023

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Release date

May 2024

Region

Malaysia

Survey time period

2014 to 2023

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