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.

Data from Resilience found that third-party attacks made up 23% of material cyber insurance claims in 2024, with ransomware attacks targeting vendors a major driver ...

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 ...