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Non-life insurers' claim ratio falls

Mint Hyderabad

December 24, 2024

Net incurred claims to net earned premium (claims ratio) of non-life insurance industry stood at 82.52% during 2023-24 as against 82.95% in the preceding fiscal, as per the Insurance Regulatory and Development Authority of India's (Irdai) annual report.

According to the Annual Report 2023-24 of the Irdai, during 2023-24, the non-life insurance industry underwrote a total direct premium of ₹2.90 trillion in India registering a growth of 12.76% from the previous

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