In financial year 2019, the insurance claims ratio of private multi-line insurers across India was 75 percent, while that of public multi-line insurers stood at 102 percent. The claims ratio differential between public and private multi-line insurers in the country had increased significantly since fiscal year 2016. Insurance claims ratio is the percentage of claims costs incurred to the insurance company in relation to the premiums earned.
Insurance claims ratio across India from financial year 2002 to 2019, by type of insurer
Characteristic
Public multi-line insurers
Private multi-line insurers
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HDFC Securities. (October 1, 2019). Insurance claims ratio across India from financial year 2002 to 2019, by type of insurer [Graph]. In Statista. Retrieved September 08, 2024, from https://www.statista.com/statistics/1075254/india-insurance-claims-ratio-by-insurer-type/
HDFC Securities. "Insurance claims ratio across India from financial year 2002 to 2019, by type of insurer." Chart. October 1, 2019. Statista. Accessed September 08, 2024. https://www.statista.com/statistics/1075254/india-insurance-claims-ratio-by-insurer-type/
HDFC Securities. (2019). Insurance claims ratio across India from financial year 2002 to 2019, by type of insurer. Statista. Statista Inc.. Accessed: September 08, 2024. https://www.statista.com/statistics/1075254/india-insurance-claims-ratio-by-insurer-type/
HDFC Securities. "Insurance Claims Ratio across India from Financial Year 2002 to 2019, by Type of Insurer." Statista, Statista Inc., 1 Oct 2019, https://www.statista.com/statistics/1075254/india-insurance-claims-ratio-by-insurer-type/
HDFC Securities, Insurance claims ratio across India from financial year 2002 to 2019, by type of insurer Statista, https://www.statista.com/statistics/1075254/india-insurance-claims-ratio-by-insurer-type/ (last visited September 08, 2024)
Insurance claims ratio across India from financial year 2002 to 2019, by type of insurer [Graph], HDFC Securities, October 1, 2019. [Online]. Available: https://www.statista.com/statistics/1075254/india-insurance-claims-ratio-by-insurer-type/
