Engineering Data Summary Report (2011-12

)

Engineering Data Summary Report
(2011-12)

Insurance Information Bureau of India

Insurance Information Bureau of India

Page 1

842 2.8 41.8% 51. of Product Sum Insured* Premium * Policies Claims EAR/CAR 1.3 14. the following summary figures only ha ve been provided.326. of Policies Insurance Information Bureau of India Claim Paid* 394.225.9 MLOP 257 57 32.757 4.709.485.666.7 5.5 20.90.390 1.931 4.3 BPP 5.9 3.099 35.1 5.4 3.Engineering Data Summary Report (2011-12) Engineering Insurance Data Summary Report The transactional level data received from Insurers for the year 2011 -12 has been analyzed and the following summary is generated for the information of all the stakeholders.1 Claims Ratio = Amount of Claims Paid/Amount of Premium Received Claim Frequency = No.8 1.498 4.21.0 44.3 8.646 65.189.14.8 Page 2 .4% 6.283.963.809.7% Claim Frequency 4.906 20. of Claims/No.10.8% 4.2 56.934.8% 37.2 27.10.9 Claim Ratio 29.100.5 1.0 36.9 1.93.10.103.2% 22.503.92.4 109.2 CPM 64.25.5 33. Claim Premium/Policy Paid/Claim 1.7 293.2% 2.64.00.6 9.31.85.19.9 4.794.947.6 1. However.6 79.8 Total 2.732.8 21.3 658.900.03.6% 1. Owing to some deficiencies in data quality.5% 58.127 9. Avg.0% 22. Data Summary Figures : No.268. the quality of analytics shall be more granular in future.12.9 1.351.7 EEI 53.2 DOS 1.354.6 0.3% 12.9 5.343. of No.657.59.137.21.423 2.246.961.0% 2.2% 0.6 1.7 119.31.174.9% * Amount in ` Crore Avg. since affirmative responses have been received from the insurers on improving the quality in data submission.0 MB 49.625 223 26.662.4% 72.5% 14.330 27 6.2 202.81.

The Tables are indicative and contextual. The information contained in the tables cannot be the subject matter for any litigation affecting IRDA/IIB/Insurance Companies/ Insurance Intermediaries. 5. 3. Findings reflected here are only illustrative and not complete and conclusive.Engineering Data Summary Report (2011-12) Caveats: 1. Tabulations & Charts in the report are generated from the transactional data supplied by Non-Life Insurers for the FY 2011-12. 4. 2. Insurance Information Bureau of India Page 3 . The data and findings are excepted for errors and omissions.