The claim ratio of the motor insurance sector in Malaysia increased from 55.6 percent in 2021 to 65.3 percent in 2022. The Net Claims Incurred Ratio (NCIR) of the overall motor insurance sector in the country has been fluctuating over the past decade.
Claim ratio of motor insurance companies in Malaysia from 2013 to 2022
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Insurance Services Malaysia. (June 1, 2023). Claim ratio of motor insurance companies in Malaysia from 2013 to 2022 [Graph]. In Statista. Retrieved April 19, 2024, from https://www.statista.com/statistics/1016320/malaysia-motor-insurance-claim-ratio/
Insurance Services Malaysia. "Claim ratio of motor insurance companies in Malaysia from 2013 to 2022." Chart. June 1, 2023. Statista. Accessed April 19, 2024. https://www.statista.com/statistics/1016320/malaysia-motor-insurance-claim-ratio/
Insurance Services Malaysia. (2023). Claim ratio of motor insurance companies in Malaysia from 2013 to 2022. Statista. Statista Inc.. Accessed: April 19, 2024. https://www.statista.com/statistics/1016320/malaysia-motor-insurance-claim-ratio/
Insurance Services Malaysia. "Claim Ratio of Motor Insurance Companies in Malaysia from 2013 to 2022." Statista, Statista Inc., 1 Jun 2023, https://www.statista.com/statistics/1016320/malaysia-motor-insurance-claim-ratio/
Insurance Services Malaysia, Claim ratio of motor insurance companies in Malaysia from 2013 to 2022 Statista, https://www.statista.com/statistics/1016320/malaysia-motor-insurance-claim-ratio/ (last visited April 19, 2024)
Claim ratio of motor insurance companies in Malaysia from 2013 to 2022 [Graph], Insurance Services Malaysia, June 1, 2023. [Online]. Available: https://www.statista.com/statistics/1016320/malaysia-motor-insurance-claim-ratio/