Table 12Net Incurred Claim Ratios (defined as Net Incurred Claims divided by Net Earned Premium)
OVERALL | Year | 2006-07 | 2007-08 | 2008-09 | 2009-10 | 2010-11 | 2011-12 | 2012-13 | 2013-14 | 2014-15 | 2015-16 | 2016-17 | 2017-18 | 2018-19 |
| Fire | 58.5% | 68.7% | 75.7% | 79.9% | 86.1% | 96.8% | 68.8% | 76.5% | 76.6% | 74.2% | 84.4% | 82.4% | 90.5% |
| Engg. | 66.2% | 37.5% | 58.3% | 57.1% | 60.5% | 67.1% | 40.9% | 73.4% | 45.1% | 68.7% | 63.3% | 39.3% | 53.4% |
| Marine Cargo | 84.8% | 80.0% | 89.2% | 75.1% | 79.1% | 78.2% | 64.8% | 66.2% | 65.0% | 73.0% | 68.2% | 58.3% | 77.2% |
| Marine Hull | 98.3% | 142.2% | 194.1% | 100.5% | 165.1% | 116.2% | 66.0% | 47.4% | 81.5% | 67.0% | 125.3% | 144.5% | 152.3% |
| Motor OD | 53.2% | 58.4% | 65.2% | 64.0% | 64.7% | 60.6% | 57.2% | 56.6% | 60.8% | 70.3% | 72.5% | 67.0% | 72.9% |
| Motor TP | 159.7% | 165.2% | 132.1% | 120.2% | 172.8% | 153.6% | 135.1% | 110.4% | 96.8% | 93.0% | 103.6% | 98.0% | 104.2% |
| Aviation | 161.4% | 90.9% | 129.5% | 53.0% | 101.6% | 229.3% | 54.3% | 153.0% | 120.8% | 133.9% | 116.9% | 178.8% | 183.9% |
| Health | 140.7% | 106.2% | 104.9% | 108.5% | 98.5% | 92.8% | 93.5% | 97.0% | 100.7% | 101.9% | 103.9% | 93.6% | 90.5% |
| Personal accident | 94.4% | 64.5% | 93.1% | 83.2% | 66.0% | 55.5% | 57.2% | 61.8% | 58.6% | 62.3% | 65.2% | 78.2% | 77.5% |
| Liability | 23.5% | 36.4% | 41.1% | 47.9% | 43.4% | 34.6% | 43.8% | 30.2% | 31.4% | 40.1% | 32.3% | 35.9% | 38.7% |
| Other Misc. | 50.1% | 51.8% | 52.3% | 80.4% | 68.4% | 61.5% | 72.3% | 80.1% | 86.1% | 82.9% | 93.7% | 87.4% | 91.2% |
| TOTAL | 80.1% | 82.5% | 85.5% | 87.3% | 92.8% | 88.5% | 83.1% | 81.9% | 81.9% | 85.0% | 90.9% | 85.3% | 89.2% |
GENERAL INSURERS | Year | 2006-07 | 2007-08 | 2008-09 | 2009-10 | 2010-11 | 2011-12 | 2012-13 | 2013-14 | 2014-15 | 2015-16 | 2016-17 | 2017-18 | 2018-19 |
| Fire | 58.5% | 68.7% | 75.7% | 79.9% | 86.1% | 96.8% | 68.8% | 76.5% | 76.6% | 74.2% | 84.4% | 82.4% | 90.5% |
| Engg. | 66.2% | 37.5% | 58.3% | 57.1% | 60.5% | 67.1% | 40.9% | 73.4% | 45.1% | 68.7% | 63.3% | 39.3% | 53.4% |
| Marine Cargo | 84.8% | 80.0% | 89.2% | 75.1% | 79.1% | 78.2% | 64.8% | 66.2% | 65.0% | 73.0% | 68.2% | 58.3% | 77.2% |
| Marine Hull | 98.3% | 142.2% | 194.1% | 100.5% | 165.1% | 116.2% | 66.0% | 47.4% | 81.5% | 67.0% | 125.3% | 144.5% | 152.3% |
| Motor OD | 53.2% | 58.4% | 65.2% | 64.0% | 64.7% | 60.6% | 57.2% | 56.6% | 60.8% | 70.3% | 72.5% | 67.0% | 72.9% |
| Motor TP | 159.7% | 165.2% | 132.1% | 120.2% | 172.8% | 153.6% | 135.1% | 110.4% | 96.8% | 93.0% | 103.6% | 98.0% | 104.2% |
| Aviation | 161.4% | 90.9% | 129.5% | 53.0% | 101.6% | 229.3% | 54.3% | 153.0% | 120.8% | 133.9% | 116.9% | 178.8% | 183.9% |
| Health | 141.0% | 107.0% | 105.9% | 111.1% | 100.1% | 93.9% | 96.5% | 100.8% | 105.9% | 108.9% | 112.6% | 101.5% | 98.3% |
| Personal accident | 94.3% | 64.7% | 93.8% | 83.5% | 66.2% | 56.3% | 57.8% | 62.7% | 59.5% | 64.3% | 68.5% | 79.0% | 83.3% |
| Liability | 23.5% | 36.4% | 41.1% | 47.9% | 43.4% | 34.6% | 43.8% | 30.2% | 31.4% | 40.1% | 32.3% | 35.9% | 38.7% |
| Other Misc. | 40.8% | 58.2% | 38.9% | 48.8% | 50.4% | 45.0% | 50.8% | 66.2% | 66.8% | 67.2% | 80.0% | 78.6% | 86.4% |
| TOTAL | 81.3% | 84.9% | 86.3% | 85.5% | 93.4% | 89.1% | 82.8% | 81.7% | 81.4% | 85.5% | 91.7% | 86.1% | 90.9% |
STANDALONE HEALTH INSURERS | Year | 2006-07 | 2007-08 | 2008-09 | 2009-10 | 2010-11 | 2011-12 | 2012-13 | 2013-14 | 2014-15 | 2015-16 | 2016-17 | 2017-18 | 2018-19 |
| Health | 19.8% | 77.8% | 88.6% | 86.5% | 86.1% | 83.7% | 62.4% | 65.2% | 63.0% | 59.4% | 58.0% | 59.3% | 62.6% |
| Personal accident | 112 | 43.3% | 45.2% | 65.2% | 55.2% | 22.5% | 28.9% | 25.0% | 31.3% | 26.8% | 22.5% | 69.2% | 26.4% |
| Other Misc. | NA | NA | 9.9% | 33.9% | 44.1% | 52.3% | 21.8% | 41.9% | 39.8% | 49.6% | NA | 36.1% | NA |
| TOTAL | 30.7% | 76.3% | 87.0% | 86.0% | 85.4% | 82.5% | 61.5% | 64.2% | 62.2% | 58.2% | 56.5% | 59.6% | 60.7% |
SPECIALISED INSURERS | Year | 2006-07 | 2007-08 | 2008-09 | 2009-10 | 2010-11 | 2011-12 | 2012-13 | 2013-14 | 2014-15 | 2015-16 | 2016-17 | 2017-18 | 2018-19 |
| Other Misc. | 64.0% | 43.5% | 69.8% | 116 | 87.5% | 81.5% | 99.3% | 96.7% | 110 | 100 | 120 | 112 | 106.3% |
Source: IRDAI reports and Council Compilation
