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  • General and health insurers incurred claims ratio

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    This document shows the incurred claims ratios for various types of insurers in India for the years 2018-19 and 2019-20. It provides data on the incurred claims ratios for public sector insurers, specialized insurers, and standalone health insurers separately for different lines of insurance like fire, marine, motor, health and others. The incurred claims ratios measure the percentage of premiums paid out as claims. The document shows that incurred claims ratios have generally increased from 2018-19 to 2019-20 for most insurers and lines of business.

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    IRDAI Annual Report 2019-20 ICR Health Insurers

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    This document shows the incurred claims ratios for various types of insurers in India for the years 2018-19 and 2019-20. It provides data on the incurred claims ratios for public sector insurers, specialized insurers, and standalone health insurers separately for different lines of insurance like fire, marine, motor, health and others. The incurred claims ratios measure the percentage of premiums paid out as claims. The document shows that incurred claims ratios have generally increased from 2018-19 to 2019-20 for most insurers and lines of business.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    5 views1 page

    General and health insurers incurred claims ratio

    Uploaded by

    rolekel
    This document shows the incurred claims ratios for various types of insurers in India for the years 2018-19 and 2019-20. It provides data on the incurred claims ratios for public sector insurers, specialized insurers, and standalone health insurers separately for different lines of insurance like fire, marine, motor, health and others. The incurred claims ratios measure the percentage of premiums paid out as claims. The document shows that incurred claims ratios have generally increased from 2018-19 to 2019-20 for most insurers and lines of business.

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    STATEMENT 13
    INCURRED CLAIMS RATIO OF GENERAL AND HEALTH INSURERS
    (in per cent)
    S.No. Insurer Fire Marine Motor Health Others Total
    2018-19 2019-20 2018-19 2019-20 2018-19 2019-20 2018-19 2019-20 2018-19 2019-20 2018-19 2019-20
    Public Sector Insurers
    22 National 55.91 77.11 89.94 50.43 127.50 116.44 107.64 103.30 71.16 95.81 109.94 105.86
    23 New India 113.07 76.13 82.38 68.04 87.54 85.35 103.74 100.83 88.51 103.25 95.39 91.43
    24 Oriental 112.49 79.55 66.65 96.94 112.62 101.63 108.80 104.97 78.12 108.39 106.10 102.34
    25 United India 89.48 130.09 98.15 68.29 120.79 96.45 110.51 104.24 64.05 101.86 109.40 101.46
    Public Total 98.34 86.20 83.71 71.17 107.73 96.54 107.12 102.91 77.24 102.53 103.46 98.28

    ANNUAL REPORT 2019-20


    Specialized Insurers
    26 AIC NA NA NA NA NA NA NA NA 92.25 115.42 92.25 115.42
    27 ECGC NA NA NA NA NA NA NA NA 133.56 115.34 133.56 115.34
    Specialized Total NA NA NA NA NA NA NA NA 106.33 115.40 106.33 115.40
    175

    Standalone Health Insurers


    28 Aditya Birla Health NA NA NA NA NA NA 58.61 49.08 NA NA 58.61 49.08
    29 HDFC ERGO Health** NA NA NA NA NA NA 62.59 73.69 NA NA 62.59 73.69
    30 Manipal Cigna@ NA NA NA NA NA NA 61.94 61.64 NA NA 61.94 61.64
    31 Max Bupa NA NA NA NA NA NA 53.93 53.51 NA NA 53.93 53.51
    32 Reliance Health# NA NA NA NA NA NA 13.57 62.17 NA NA 13.57 62.17
    33 Religare Health NA NA NA NA NA NA 55.23 59.13 NA NA 55.23 59.13
    34 Star Health NA NA NA NA NA NA 62.73 65.91 NA NA 62.73 65.91
    Standalone
    Health Total NA NA NA NA NA NA 60.68 64.13 NA NA 60.68 64.13
    Grand Total 90.48 78.07 84.48 71.27 90.60 85.61 89.34 85.70 82.88 93.40 89.16 85.90
    Note:
    1. Health includes Personal Accident and Travel ,
    2. Reclassification/Regrouping in the previous year's figures, if any, by the insurer has not been considered.
    3. *Erstwhile DHFL General Insurance Co. Ltd., ** Erstwhile Apollo Munich Health Insurance Ltd., @ Erstwhile CignaTTK Health Insurance Co. Ltd.
    4. # With effect from November 15, 2019, the business portfolio of Reliance Health Insurance Ltd. was transferred to Reliance General Insurance Co. Ltd vide IRDAI Order dated November 06, 2019.
    5. NA- Not Applicable

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