In financial year 2019, the public insurer New India Assurance had a combined ratio of just over 124 percent in the own-damage motor segment. This was a considerable increase compared to the previous financial year's combined ratio of 109.4 percent. Overall, a higher combined ratio indicates that the company is paying out more money than it is earning as insurance premiums. Most public sector insurers in India were seen to have high combined ratios.
Combined ratio of New India Assurance own-damage motor insurance from financial year 2015 to 2019
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
HDFC Securities. (October 1, 2019). Combined ratio of New India Assurance own-damage motor insurance from financial year 2015 to 2019 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1079772/india-new-india-assurance-motor-own-damage-insurance-combined-ratio/
HDFC Securities. "Combined ratio of New India Assurance own-damage motor insurance from financial year 2015 to 2019." Chart. October 1, 2019. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1079772/india-new-india-assurance-motor-own-damage-insurance-combined-ratio/
HDFC Securities. (2019). Combined ratio of New India Assurance own-damage motor insurance from financial year 2015 to 2019. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1079772/india-new-india-assurance-motor-own-damage-insurance-combined-ratio/
HDFC Securities. "Combined Ratio of New India Assurance Own-damage Motor Insurance from Financial Year 2015 to 2019." Statista, Statista Inc., 1 Oct 2019, https://www.statista.com/statistics/1079772/india-new-india-assurance-motor-own-damage-insurance-combined-ratio/
HDFC Securities, Combined ratio of New India Assurance own-damage motor insurance from financial year 2015 to 2019 Statista, https://www.statista.com/statistics/1079772/india-new-india-assurance-motor-own-damage-insurance-combined-ratio/ (last visited November 21, 2024)
Combined ratio of New India Assurance own-damage motor insurance from financial year 2015 to 2019 [Graph], HDFC Securities, October 1, 2019. [Online]. Available: https://www.statista.com/statistics/1079772/india-new-india-assurance-motor-own-damage-insurance-combined-ratio/
