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
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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 December 22, 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 December 22, 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: December 22, 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 December 22, 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/
