Question
National Insurance Company reported a total premium
collection of ₹800 crore for FY2023. During the same period, the company paid out claims amounting to ₹640 crore. What is the claims ratio, and what does it imply about the company’s underwriting performance?Solution
Claims Ratio = Claims Paid / Premium = 640 / 800 = 80%. Ratios between 75-85% are generally considered efficient in general insurance underwriting.
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