Between 2010 and 2020, the claims ratio in the credit, surety, and fidelity insurance sector in Germany remained below 70 percent. In 2020, the ratio was 56.2 percent, which meant that insurance payments accounted for 56.2 percent of the income generated from insurance premiums. This insurance branch translates to "Kredit-, Kautions- und Vertrauensschadenversicherung" in German. The claims ratio shows the value of income made by insurance companies in the form of premiums compared with the value of insurance payments. This ratio is an important profitability for insurance companies and a ratio below 70 percent is generally seen as good.
Claims ratio in credit, surety, and fidelity insurance sector in Germany from 1960 to 2020
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Claims ratio
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GDV. (September 2, 2021). Claims ratio in credit, surety, and fidelity insurance sector in Germany from 1960 to 2020 [Graph]. In Statista. Retrieved July 23, 2024, from https://www.statista.com/statistics/1316848/credit-surety-fidelity-claims-ratio-germany/
GDV. "Claims ratio in credit, surety, and fidelity insurance sector in Germany from 1960 to 2020." Chart. September 2, 2021. Statista. Accessed July 23, 2024. https://www.statista.com/statistics/1316848/credit-surety-fidelity-claims-ratio-germany/
GDV. (2021). Claims ratio in credit, surety, and fidelity insurance sector in Germany from 1960 to 2020. Statista. Statista Inc.. Accessed: July 23, 2024. https://www.statista.com/statistics/1316848/credit-surety-fidelity-claims-ratio-germany/
GDV. "Claims Ratio in Credit, Surety, and Fidelity Insurance Sector in Germany from 1960 to 2020." Statista, Statista Inc., 2 Sep 2021, https://www.statista.com/statistics/1316848/credit-surety-fidelity-claims-ratio-germany/
GDV, Claims ratio in credit, surety, and fidelity insurance sector in Germany from 1960 to 2020 Statista, https://www.statista.com/statistics/1316848/credit-surety-fidelity-claims-ratio-germany/ (last visited July 23, 2024)
Claims ratio in credit, surety, and fidelity insurance sector in Germany from 1960 to 2020 [Graph], GDV, September 2, 2021. [Online]. Available: https://www.statista.com/statistics/1316848/credit-surety-fidelity-claims-ratio-germany/