{"id":652,"date":"2019-08-14T18:09:20","date_gmt":"2019-08-14T18:09:20","guid":{"rendered":"https:\/\/www.gicouncil.in\/yearbook\/?page_id=652"},"modified":"2019-08-29T13:31:32","modified_gmt":"2019-08-29T13:31:32","slug":"table-12-net-incurred-claim-ratios-defined-as-net-incurred-claims-divided-by-net-earned-premium","status":"publish","type":"page","link":"https:\/\/yearbook.websitestage.org\/?page_id=652","title":{"rendered":"Table 12: Net Incurred Claim Ratios (defined as Net Incurred Claims divided by Net Earned Premium)"},"content":{"rendered":"

Table 12<\/span>Net Incurred Claim Ratios (defined as Net Incurred Claims divided by Net Earned Premium)<\/h3>OVERALL<\/span>
Year <\/td> 2014-15 <\/td> 2015-16 <\/td> 2016-17 <\/td> 2017-18 <\/td> 2018-19 <\/td> 2019-20 <\/td> 2020-21 <\/td> 2021-22 <\/td> 2022-23 <\/td> 2023-24 <\/td> <\/tr>
Fire <\/td> 76.6% <\/td> 74.2% <\/td> 84.4% <\/td> 82.4% <\/td> 90.5% <\/td> 78.1%\n <\/td> 67.1% <\/td> 65.1% <\/td> 58.0% <\/td> 78.3% <\/td> <\/tr>
Engg. <\/td> 45.1% <\/td> 68.7% <\/td> 63.3% <\/td> 39.3% <\/td> 53.4% <\/td> 79.6%\n <\/td> 85.7% <\/td> 38.7% <\/td> 48.3% <\/td> 71.8% <\/td> <\/tr>
Marine Cargo <\/td> 65.0% <\/td> 73.0% <\/td> 68.2% <\/td> 58.3% <\/td> 77.2% <\/td> 68.3%\n <\/td> 69.3% <\/td> 82.2% <\/td> 76.9% <\/td> 78.7% <\/td> <\/tr>
Marine Hull <\/td> 81.5% <\/td> 67.0% <\/td> 125.3% <\/td> 144.5% <\/td> 152.3% <\/td> 96.6%\n <\/td> 103.4% <\/td> 102.3% <\/td> 61.1% <\/td> 31.5% <\/td> <\/tr>
Motor OD <\/td> 60.8% <\/td> 70.3% <\/td> 72.5% <\/td> 67.0% <\/td> 72.9% <\/td> 78.0%\n <\/td> 69.8% <\/td> 80.3% <\/td> 88.7% <\/td> 83.9% <\/td> <\/tr>
Motor TP <\/td> 96.8% <\/td> 93.0% <\/td> 103.6% <\/td> 98.0% <\/td> 104.2% <\/td> 90.6%\n <\/td> 77.8% <\/td> 81.9% <\/td> 81.9% <\/td> 78.5% <\/td> <\/tr>
Aviation <\/td> 120.8% <\/td> 133.9% <\/td> 116.9% <\/td> 178.8% <\/td> 183.9% <\/td> 113.1%\n <\/td> 125.2% <\/td> 60.4% <\/td> 79.1% <\/td> 94.4% <\/td> <\/tr>
Health <\/td> 100.7% <\/td> 101.9% <\/td> 103.9% <\/td> 93.6% <\/td> 90.5% <\/td> 87.7%\n <\/td> 93.9% <\/td> 109.1% <\/td> 89.3% <\/td> 89.0% <\/td> <\/tr>
Personal accident <\/td> 58.6% <\/td> 62.3% <\/td> 65.2% <\/td> 78.2% <\/td> 77.5% <\/td> 67.1%\n <\/td> 52.2% <\/td> 62.1% <\/td> 62.6% <\/td> 64.6% <\/td> <\/tr>
Liability <\/td> 31.4% <\/td> 40.1% <\/td> 32.3% <\/td> 35.9% <\/td> 38.7% <\/td> 51.0%\n <\/td> 49.6% <\/td> 37.0% <\/td> 46.7% <\/td> 46.2% <\/td> <\/tr>
Other Misc. <\/td> 86.1% <\/td> 82.9% <\/td> 93.7% <\/td> 87.4% <\/td> 91.2% <\/td> 100.1%\n <\/td> 85.6% <\/td> 78.2% <\/td> 79.1% <\/td> 75.6% <\/td> <\/tr>
TOTAL <\/td> 81.9% <\/td> 85.0% <\/td> 90.9% <\/td> 85.3% <\/td> 89.2% <\/td> 85.9% <\/td> 81.06% <\/td> 89.0% <\/td> 83.1% <\/td> 82.5% <\/td> <\/tr> <\/tbody><\/table>\n\n\n\n

<\/p>\n\n\nGENERAL INSURERS<\/span>
Year <\/td> 2014-15 <\/td> 2015-16 <\/td> 2016-17 <\/td> 2017-18 <\/td> 2018-19 <\/td> 2019-20 <\/td> 2020-21 <\/td> 2021-22 <\/td> 2022-23 <\/td> 2023-24 <\/td> <\/tr>
Fire <\/td> 76.6% <\/td> 74.2% <\/td> 84.4% <\/td> 82.4% <\/td> 90.5% <\/td> 78.1%\n <\/td> 67.1% <\/td> 65.1% <\/td> 58.0% <\/td> 78.3% <\/td> <\/tr>
Engg. <\/td> 45.1% <\/td> 68.7% <\/td> 63.3% <\/td> 39.3% <\/td> 53.4% <\/td> 79.6%\n <\/td> 85.7% <\/td> 38.7% <\/td> 48.3% <\/td> 71.8% <\/td> <\/tr>
Marine Cargo <\/td> 65.0% <\/td> 73.0% <\/td> 68.2% <\/td> 58.3% <\/td> 77.2% <\/td> 68.3%\n <\/td> 69.3% <\/td> 82.2% <\/td> 76.9% <\/td> 78.7% <\/td> <\/tr>
Marine Hull <\/td> 81.5% <\/td> 67.0% <\/td> 125.3% <\/td> 144.5% <\/td> 152.3% <\/td> 96.6%\n <\/td> 103.4% <\/td> 102.3% <\/td> 61.1% <\/td> 31.5% <\/td> <\/tr>
Motor OD <\/td> 60.8% <\/td> 70.3% <\/td> 72.5% <\/td> 67.0% <\/td> 72.9% <\/td> 78.0%\n <\/td> 69.8% <\/td> 80.3% <\/td> 88.7% <\/td> 83.9% <\/td> <\/tr>
Motor TP <\/td> 96.8% <\/td> 93.0% <\/td> 103.6% <\/td> 98.0% <\/td> 104.2% <\/td> 90.6%\n <\/td> 77.8% <\/td> 81.9% <\/td> 81.9% <\/td> 78.5% <\/td> <\/tr>
Aviation <\/td> 120.8% <\/td> 133.9% <\/td> 116.9% <\/td> 178.8% <\/td> 183.9% <\/td> 113.1%\n <\/td> 125.2% <\/td> 60.4% <\/td> 79.1% <\/td> 94.4% <\/td> <\/tr>
Health <\/td> 105.9% <\/td> 108.9% <\/td> 112.6% <\/td> 101.5% <\/td> 98.3% <\/td> 94.6%\n <\/td> 97.7% <\/td> 119.0% <\/td> 99.2% <\/td> 99.2% <\/td> <\/tr>
Personal accident <\/td> 59.5% <\/td> 64.3% <\/td> 68.5% <\/td> 79.0% <\/td> 83.3% <\/td> 72.2%\n <\/td> 55.7% <\/td> 67.2% <\/td> 68.6% <\/td> 69.9% <\/td> <\/tr>
Liability <\/td> 31.4% <\/td> 40.1% <\/td> 32.3% <\/td> 35.9% <\/td> 38.7% <\/td> 51.0%\n <\/td> 49.6% <\/td> 37.0% <\/td> 46.7% <\/td> 46.4% <\/td> <\/tr>
Other Misc. <\/td> 66.8% <\/td> 67.2% <\/td> 80.0% <\/td> 78.6% <\/td> 86.4% <\/td> 95.1%\n <\/td> 78.7% <\/td> 66.2% <\/td> 84.0% <\/td> 83.4% <\/td> <\/tr>
TOTAL <\/td> 81.4% <\/td> 85.5% <\/td> 91.7% <\/td> 86.1% <\/td> 90.9% <\/td> 87.1%\n <\/td> 70.9% <\/td> 89.9% <\/td> 86.5% <\/td> 86.0% <\/td> <\/tr> <\/tbody><\/table>\n\n\n\n

<\/p>\n\n\nSTANDALONE HEALTH INSURERS<\/span>
Year <\/td> 2014-15 <\/td> 2015-16 <\/td> 2016-17 <\/td> 2017-18 <\/td> 2018-19 <\/td> 2019-20 <\/td> 2020-21 <\/td> 2021-22 <\/td> 2022-23 <\/td> 2023-24 <\/td> <\/tr>
Health <\/td> 63.0% <\/td> 59.4% <\/td> 58.0% <\/td> 59.3% <\/td> 62.6% <\/td> 66.0%\n <\/td> 78.2% <\/td> 81.2% <\/td> 63.1% <\/td> 64.6% <\/td> <\/tr>
Personal accident <\/td> 31.3% <\/td> 26.8% <\/td> 22.5% <\/td> 69.2% <\/td> 26.4% <\/td> 26.4%\n <\/td> 21.4% <\/td> 23.9% <\/td> 24.1% <\/td> 24.0% <\/td> <\/tr>
Other Misc. <\/td> 39.8% <\/td> 49.6% <\/td> - <\/td> 36.1% <\/td> - <\/td> - <\/td> - <\/td> - <\/td> - <\/td> - <\/td> <\/tr>
TOTAL <\/td> 62.2% <\/td> 58.2% <\/td> 56.5% <\/td> 59.6% <\/td> 60.7% <\/td> 64.1%\n <\/td> 75.4% <\/td> 79.1% <\/td> 61.4% <\/td> 63.6% <\/td> <\/tr> <\/tbody><\/table>\n\n\n\n

<\/p>\n\n\nSPECIALISED INSURERS<\/span>
Year <\/td> 2014-15 <\/td> 2015-16 <\/td> 2016-17 <\/td> 2017-18 <\/td> 2018-19 <\/td> 2019-20 <\/td> 2020-21 <\/td> 2021-22 <\/td> 2022-23 <\/td> 2023-24 <\/td> <\/tr>
Other Misc. <\/td> 110.7% <\/td> 100.5% <\/td> 120.2% <\/td> 112.9% <\/td> 106.3% <\/td> 115.4%\n <\/td> 94.0% <\/td> 92.5% <\/td> 73.7% <\/td> 66.6% <\/td> <\/tr> <\/tbody><\/table>\n\n\n\n

Source<\/em><\/strong>: IRDAI reports and Council Compilation<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Source: IRDAI reports and Council Compilation<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":28,"menu_order":12,"comment_status":"closed","ping_status":"closed","template":"page-templates\/full-width.php","meta":[],"_links":{"self":[{"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=\/wp\/v2\/pages\/652"}],"collection":[{"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=652"}],"version-history":[{"count":2,"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=\/wp\/v2\/pages\/652\/revisions"}],"predecessor-version":[{"id":1115,"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=\/wp\/v2\/pages\/652\/revisions\/1115"}],"up":[{"embeddable":true,"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=\/wp\/v2\/pages\/28"}],"wp:attachment":[{"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}