Multi-line insurance claims ratio in India FY 2002-2020
In financial year 2020, the total insurance claims ratio of private and public multi-line insurers across India stood at 87 percent. Overall, the claims ratio differential between public and private multi-line insurers in the country has 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.
