In 2023, the incurred claims ratio of general insurance in Malaysia was at 56.6 percent, an increase of 2.9 percent compared to the previous year. The net claims incurred ratio of general insurance in the country has been relatively steady over the years at around 50 percent.
Net claims incurred ratio of general insurance industry in Malaysia from 2014 to 2023
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Insurance Services Malaysia. (June 26, 2024). Net claims incurred ratio of general insurance industry in Malaysia from 2014 to 2023 [Graph]. In Statista. Retrieved October 12, 2024, from https://www.statista.com/statistics/1424062/malaysia-insurance-incurred-claims-ratio/
Insurance Services Malaysia. "Net claims incurred ratio of general insurance industry in Malaysia from 2014 to 2023." Chart. June 26, 2024. Statista. Accessed October 12, 2024. https://www.statista.com/statistics/1424062/malaysia-insurance-incurred-claims-ratio/
Insurance Services Malaysia. (2024). Net claims incurred ratio of general insurance industry in Malaysia from 2014 to 2023. Statista. Statista Inc.. Accessed: October 12, 2024. https://www.statista.com/statistics/1424062/malaysia-insurance-incurred-claims-ratio/
Insurance Services Malaysia. "Net Claims Incurred Ratio of General Insurance Industry in Malaysia from 2014 to 2023." Statista, Statista Inc., 26 Jun 2024, https://www.statista.com/statistics/1424062/malaysia-insurance-incurred-claims-ratio/
Insurance Services Malaysia, Net claims incurred ratio of general insurance industry in Malaysia from 2014 to 2023 Statista, https://www.statista.com/statistics/1424062/malaysia-insurance-incurred-claims-ratio/ (last visited October 12, 2024)
Net claims incurred ratio of general insurance industry in Malaysia from 2014 to 2023 [Graph], Insurance Services Malaysia, June 26, 2024. [Online]. Available: https://www.statista.com/statistics/1424062/malaysia-insurance-incurred-claims-ratio/