Gross loss ratio of CTP motor vehicle insurance in Australia 2017-2022

Published by Statista Research Department, Sep 16, 2022
As of March 2022, the gross loss ratio of CTP (compulsory third-party) motor vehicle insurance in Australia reached 63.58 percent, marking a decrease in loss ratio compared to previous year. In 2022, Australia's gross earned premium of CTP motor vehicle insurance amounted to approximately 3.35 billion Australian dollars, whereas gross incurred claims totaled around 2.13 billion Australian dollars.

Gross loss ratio of CTP motor vehicle insurance in Australia from 2017 to 2022

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Source

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Release date

May 2022

Region

Australia

Survey time period

years ending March 2017 to March 2022

Supplementary notes

According to the source, gross loss ratio is net of non-reinsurance recoveries.

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