Table 8Gross incurred Claim Ratios (within India and abroad)
OVERALL Year | 2011-12 | 2012-13 | 2013-14 | 2014-15 | 2015-16 | 2016-17 | 2017-18 | 2018-19 | 2019-20 | 2020-21 |
Fire | 65.0% | 42.0% | 69.6% | 75.4% | 61.4% | 72.7% | 60.8% | 78.0% | 59.2%
| 55.71% |
Engg. | 49.4% | 27.4% | 77.4% | 63.2% | 53.6% | 45.8% | 27.8% | 52.4% | 73.9%
| 45.63% |
Marine Cargo | 73.9% | 59.5% | 68.0% | 80.3% | 90.4% | 75.3% | 57.1% | 79.7% | 63.7%
| 96.57% |
Marine Hull | 40.0% | 62.9% | 23.7% | 57.5% | 58.6% | 105.4% | 40.6% | 69.5% | 50.2%
| 101.76% |
Motor OD | 55.7% | 53.5% | 56.7% | 59.8% | 67.2% | 70.0% | 63.8% | 72.4% | 77.2% | 66.80% |
Motor TP | 128.1% | 106.5% | 112.6% | 96.8% | 86.6% | 94.0% | 96.4% | 87.2% | 81.6%
| 75.04% |
Aviation | 64.1% | 39.4% | 40.3% | 53.5% | 123.1% | 89.1% | 90.2% | 154.3%
| 80.2%
| 169.85% |
Health | 83.5% | 84.7% | 87.3% | 89.3% | 89.9% | 95.4% | 83.3% | 79.8% | 81.9%
| 80.55% |
Personal accident | 51.7% | 49.2% | 54.2% | 50.5% | 52.0% | 60.2% | 64.6% | 64.1% | 69.1%
| 54.99% |
Liability | 43.8% | 39.4% | 25.5% | 23.6% | 29.8% | 26.3% | 41.5% | 47.3% | 38.7%
| 51.19% |
Other Misc. | 64.2% | 70.5% | 74.9% | 97.6% | 85.9% | 91.6% | 90.8% | 87.7% | 90.6%
| 76.44% |
TOTAL | 79.4% | 68.8% | 77.2% | 79.7% | 77.4% | 84.2% | 79.6% | 80.5% | 79.5%
| 73.25% |
GENERAL INSURERS Year | 2011-12 | 2012-13 | 2013-14 | 2014-15 | 2015-16 | 2016-17 | 2017-18 | 2018-19 | 2019-20 | 2020-21 |
Fire | 65.0% | 42.0% | 69.6% | 75.4% | 61.4% | 72.7% | 60.8% | 78.0% | 59.2%
| 55.7% |
Engg. | 49.4% | 27.4% | 77.4% | 63.2% | 53.6% | 45.8% | 27.8% | 52.4% | 73.9%
| 45.6% |
Marine Cargo | 73.9% | 59.5% | 68.0% | 80.3% | 90.4% | 75.3% | 57.1% | 79.7% | 63.7%
| 96.6% |
Marine Hull | 40.0% | 62.9% | 23.7% | 57.5% | 58.6% | 105.4% | 40.6% | 69.5% | 50.2%
| 101.8% |
Motor OD | 55.7% | 53.5% | 56.7% | 59.8% | 67.2% | 70.0% | 63.8% | 72.4% | 77.2%
| 66.8% |
Motor TP | 128.1% | 106.5% | 112.6% | 96.8% | 86.6% | 94.0% | 96.4% | 87.2% | 81.6%
| 75.0% |
Aviation | 64.1% | 39.4% | 40.3% | 53.5% | 123.1% | 89.1% | 90.2% | 154.3% | 80.2%
| 169.8% |
Health | 84.1% | 88.3% | 92.1% | 95.6% | 96.8% | 104.8% | 91.2% | 87.5% | 90.3%
| 88.8% |
Personal accident | 51.6% | 49.8% | 55.4% | 51.8% | 53.9% | 63.2% | 68.7% | 68.5% | 75.1%
| 60.2% |
Liability | 43.8% | 39.4% | 25.5% | 23.6% | 29.8% | 26.3% | 41.5% | 47.3% | 38.7%
| 51.2% |
Other Misc. | 39.8% | 40.6% | 52.2% | 79.2% | 88.1% | 77.1% | 84.0% | 85.5% | 92.0%
| 67.5% |
TOTAL | 78.7% | 67.1% | 76.5% | 78.6% | 78.2% | 83.1% | 79.5% | 81.7% | 80.9%
| 73.4% |
STANDALONE HEALTH INSURERS Year | 2011-12 | 2012-13 | 2013-14 | 2014-15 | 2015-16 | 2016-17 | 2017-18 | 2018-19 | 2019-20 | 2020-21 |
Health | 79.6% | 54.7% | 53.2% | 51.3% | 53.6% | 52.4% | 52.8% | 54.9% | 58.6%
| 56.8% |
Personal accident | 56.0% | 24.5% | 15.5% | 19.6% | 23.8% | 20.8% | 21.4% | 25.9% | 24.8%
| 17.3% |
Other Misc. | 39.7% | 14.5% | 37.3% | 20.1% | 59.1% | NA | 34.2% | NA | NA | NA |
TOTAL | 79.0% | 53.9% | 52.2% | 50.2% | 52.5% | 51.0% | 51.2% | 53.5% | 57.1%
| 55.2% |
SPECIALISED INSURERS Year | 2011-12 | 2012-13 | 2013-14 | 2014-15 | 2015-16 | 2016-17 | 2017-18 | 2018-19 | 2019-20 | 2020-21 |
Other Misc. | 91.7% | 101.3% | 100.8% | 125.0% | 83.4% | 124.1% | 107.7% | 94.5% | 86.9%
| 93.1% |
Source: IRDAI reports and Council Compilation