Gross loss ratio of domestic motor vehicle insurance in Australia 2017-2023

Published by Statista Research Department, Feb 7, 2024
As of June 2023, the gross loss ratio of domestic motor vehicle insurance in Australia reached 71.14 percent, marking an increase in loss ration from the previous year, which saw a loss ration of 55.32 percent.

Gross loss ratio of domestic motor vehicle insurance in Australia from 2017 to 2023

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Source

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Release date

September 2023

Region

Australia

Survey time period

years ending June 2017 to June 2023

Supplementary notes

According to the source, gross loss ratio is net of non-reinsurance recoveries.

*Values taken from first quarter (March) in these years.

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