The claim ratio of the motor insurance sector in Malaysia increased from 55.6 percent in 2021 to 66.7 percent in 2023. 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 2014 to 2023
Characteristic
Claim ratio
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Insurance Services Malaysia. (May 14, 2024). Claim ratio of motor insurance companies in Malaysia from 2014 to 2023 [Graph]. In Statista. Retrieved September 13, 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 2014 to 2023." Chart. May 14, 2024. Statista. Accessed September 13, 2024. https://www.statista.com/statistics/1016320/malaysia-motor-insurance-claim-ratio/
Insurance Services Malaysia. (2024). Claim ratio of motor insurance companies in Malaysia from 2014 to 2023. Statista. Statista Inc.. Accessed: September 13, 2024. https://www.statista.com/statistics/1016320/malaysia-motor-insurance-claim-ratio/
Insurance Services Malaysia. "Claim Ratio of Motor Insurance Companies in Malaysia from 2014 to 2023." Statista, Statista Inc., 14 May 2024, https://www.statista.com/statistics/1016320/malaysia-motor-insurance-claim-ratio/
Insurance Services Malaysia, Claim ratio of motor insurance companies in Malaysia from 2014 to 2023 Statista, https://www.statista.com/statistics/1016320/malaysia-motor-insurance-claim-ratio/ (last visited September 13, 2024)
Claim ratio of motor insurance companies in Malaysia from 2014 to 2023 [Graph], Insurance Services Malaysia, May 14, 2024. [Online]. Available: https://www.statista.com/statistics/1016320/malaysia-motor-insurance-claim-ratio/
