Losses in loss ratios include paid insurance claims and adjustment expenses. The loss ratio formula is insurance claims paid plus adjustment expenses divided by total earned premiums. For example ...

From last year, the regulator has started sharing only the incurred claim ratio (ICR) of general and health insurers in its annual report, rather than the claim settlement ratio, as in previous years.

Net incurred claims to net earned premium (claims ratio) of non-life insurance industry stood at 82.52 per cent during 2023-24 as against 82.95 per cent in the preceding fiscal year, as per the ...