Table 12Net Incurred Claim Ratios (defined as Net Incurred Claims divided by Net Earned Premium)
OVERALL | Year | 2012-13 | 2013-14 | 2014-15 | 2015-16 | 2016-17 | 2017-18 | 2018-19 | 2019-20 | 2020-21 | 2021-22 |
| Fire | 68.8% | 76.5% | 76.6% | 74.2% | 84.4% | 82.4% | 90.5% | 78.1%
| 67.12% | 65.09% |
| Engg. | 40.9% | 73.4% | 45.1% | 68.7% | 63.3% | 39.3% | 53.4% | 79.6%
| 85.65% | 38.71% |
| Marine Cargo | 64.8% | 66.2% | 65.0% | 73.0% | 68.2% | 58.3% | 77.2% | 68.3%
| 69.33% | 82.22% |
| Marine Hull | 66.0% | 47.4% | 81.5% | 67.0% | 125.3% | 144.5% | 152.3% | 96.6%
| 103.39% | 102.31% |
| Motor OD | 57.2% | 56.6% | 60.8% | 70.3% | 72.5% | 67.0% | 72.9% | 78.0%
| 69.75% | 80.32% |
| Motor TP | 135.1% | 110.4% | 96.8% | 93.0% | 103.6% | 98.0% | 104.2% | 90.6%
| 77.79% | 81.93% |
| Aviation | 54.3% | 153.0% | 120.8% | 133.9% | 116.9% | 178.8% | 183.9% | 113.1%
| 125.20% | 60.42% |
| Health | 93.5% | 97.0% | 100.7% | 101.9% | 103.9% | 93.6% | 90.5% | 87.7%
| 93.91% | 109.09% |
| Personal accident | 57.2% | 61.8% | 58.6% | 62.3% | 65.2% | 78.2% | 77.5% | 67.1%
| 52.23% | 62.12% |
| Liability | 43.8% | 30.2% | 31.4% | 40.1% | 32.3% | 35.9% | 38.7% | 51.0%
| 49.61% | 37.05% |
| Other Misc. | 72.3% | 80.1% | 86.1% | 82.9% | 93.7% | 87.4% | 91.2% | 100.1%
| 85.63% | 78.23% |
| TOTAL | 83.1% | 81.9% | 81.9% | 85.0% | 90.9% | 85.3% | 89.2% | 85.9%
| 81.06% | 88.96% |
GENERAL INSURERS | Year | 2012-13 | 2013-14 | 2014-15 | 2015-16 | 2016-17 | 2017-18 | 2018-19 | 2019-20 | 2020-21 | 2021-22 |
| Fire | 68.8% | 76.5% | 76.6% | 74.2% | 84.4% | 82.4% | 90.5% | 78.1%
| 67.1% | 65.09% |
| Engg. | 40.9% | 73.4% | 45.1% | 68.7% | 63.3% | 39.3% | 53.4% | 79.6%
| 85.7% | 38.71% |
| Marine Cargo | 64.8% | 66.2% | 65.0% | 73.0% | 68.2% | 58.3% | 77.2% | 68.3%
| 69.3% | 82.22% |
| Marine Hull | 66.0% | 47.4% | 81.5% | 67.0% | 125.3% | 144.5% | 152.3% | 96.6%
| 103.4% | 102.31% |
| Motor OD | 57.2% | 56.6% | 60.8% | 70.3% | 72.5% | 67.0% | 72.9% | 78.0%
| 69.8% | 80.32% |
| Motor TP | 135.1% | 110.4% | 96.8% | 93.0% | 103.6% | 98.0% | 104.2% | 90.6%
| 77.8% | 81.93% |
| Aviation | 54.3% | 153.0% | 120.8% | 133.9% | 116.9% | 178.8% | 183.9% | 113.1%
| 125.2% | 60.42% |
| Health | 96.5% | 100.8% | 105.9% | 108.9% | 112.6% | 101.5% | 98.3% | 94.6%
| 97.7% | 119.03% |
| Personal accident | 57.8% | 62.7% | 59.5% | 64.3% | 68.5% | 79.0% | 83.3% | 72.2%
| 55.7% | 67.18% |
| Liability | 43.8% | 30.2% | 31.4% | 40.1% | 32.3% | 35.9% | 38.7% | 51.0%
| 49.6% | 37.05% |
| Other Misc. | 50.8% | 66.2% | 66.8% | 67.2% | 80.0% | 78.6% | 86.4% | 95.1%
| 78.7% | 66.19% |
| TOTAL | 82.8% | 81.7% | 81.4% | 85.5% | 91.7% | 86.1% | 90.9% | 87.1%
| 70.9% | 89.95% |
STANDALONE HEALTH INSURERS | Year | 2012-13 | 2013-14 | 2014-15 | 2015-16 | 2016-17 | 2017-18 | 2018-19 | 2019-20 | 2020-21 | 2021-22 |
| Health | 62.4% | 65.2% | 63.0% | 59.4% | 58.0% | 59.3% | 62.6% | 66.0%
| 78.2% | 81.21% |
| Personal accident | 28.9% | 25.0% | 31.3% | 26.8% | 22.5% | 69.2% | 26.4% | 26.4%
| 21.4% | 23.94% |
| Other Misc. | 21.8% | 41.9% | 39.8% | 49.6% | - | 36.1% | - | - | - | - |
| TOTAL | 61.5% | 64.2% | 62.2% | 58.2% | 56.5% | 59.6% | 60.7% | 64.1%
| 75.4% | 79.06% |
SPECIALISED INSURERS | Year | 2012-13 | 2013-14 | 2014-15 | 2015-16 | 2016-17 | 2017-18 | 2018-19 | 2019-20 | 2020-21 | 2021-22 |
| Other Misc. | 99.3% | 96.7% | 110.7% | 100.5% | 120.2% | 112.9% | 106.3% | 115.4%
| 94.0% | 92.47% |
Source: IRDAI reports and Council Compilation
