Net claims incurred ratio of insurance in Malaysia 2023, by line of business

Published by
Amanda Siddharta,
Nov 9, 2024

In 2023, the motor insurance sector in the insurance industry in Malaysia had the highest incurred claims ratio with 66.73 percent. This was followed by medical and health insurance, with net claims incurred ratio of 65.94 percent in the same year.

Net claims incurred ratio of the insurance industry in Malaysia in 2023, by line of business

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Release date

June 2024

Region

Malaysia

Survey time period

2023

Supplementary notes

*Miscellaneous includes Bonds, Contractor's All Risks & Engineering, Liabilities, Others, Workmen's Compensation & Employers' Liability.

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