Insurance claims ratio in India by type of insurer FY 2002-2019
In financial year 2019, the insurance claims ratio of private multi-line insurers across India was 75 percent, while that of public multi-line insurers stood at 102 percent. The claims ratio differential between public and private multi-line insurers in the country had increased significantly since fiscal year 2016. Insurance claims ratio is the percentage of claims costs incurred to the insurance company in relation to the premiums earned.
