Page 763 - Insurance Statistics 2021

Indian Non-life Insurance Industry
Yearbook 2018-19

The Net Incurred Claims ratio for property insurance has been consistently within the range of 46% and 90%
during the observed period.

Chart 4.6.2 Chart 4.6.4 Channelwise GDPI - Property
Chart 4.5.2 Gross & Net Incurred Claims Ratio - Property
100%
89.3%
90% 83.4%
83.7% 84.7%
79.8% 73.8% 73.0% 80.1% 74.4%
Loss ratio (%) 70% 65.1% 69.8% 62.0% 75.8% 69.3% 69.5% 79.1% 64.9% 73.7% Micro Insurance Agent Others Individual Agents
80%
74.3%
Others
1.6%
1.6%
Agents
Individual
Agent
Micro Insurance
60%
18.9%
18.9%
0.0%
0.0%
50% Direct Business- Oth…
Direct Business- Oth…
25.8%
25.8%
45.6%
40%
Direct Business-…
Year Direct Business-… Corporate Agent…
Corporate Agent…
0.0%
0.0% 14.3%
14.3%
Gross Incurred Claims Ratio Net Incurred Claims Ratio
Arrange…
Referral Arrange…
Referral
0.0%
0.0%
Source: Council Compilation as per source
data submitted by companies
Corporate Agents- Ot…
Corporate Agents- Ot…
1.9%
1.9%
Chart 4.6.3
Chart 4.5.2 Rural vs Urban Premium - Property
Rural Premium
Rural Premium
Brokers
9.3%
9.3% Brokers
37.3% Source: Council Compilation as per source
37.3%
data submitted by companies

Urban Premium Source: Council Compilation as per source
Urban Premium
90.7% data submitted by companies
90.7%

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