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Motor claims still on higher side

Overall, the net incurred claims of non-life insurers stood at Rs 55,232 crore in 2014-15 against Rs 49,179 crore in 2013-14

M Saraswathy 

Motor insurance in India continued to be the largest non-life insurance segment with a share of 44.14 per cent (43.61 per cent in 2013-14). It reported growth of 10.52 per cent (14.15 per cent in 2013-14), according to the Insurance Regulatory and Development Authority of India (Irdai). But, losses with respect to claims have been high. Overall, the net incurred claims of non-life insurers stood at Rs 55,232 crore in 2014-15 against Rs 49,179 crore in 2013-14. The incurred claims exhibited an increase of 12.31 per cent during 2014-15. Among the various segments, health insurance and ...

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Motor claims still on higher side

Overall, the net incurred claims of non-life insurers stood at Rs 55,232 crore in 2014-15 against Rs 49,179 crore in 2013-14

Overall, the net incurred claims of non-life insurers stood at Rs 55,232 crore in 2014-15 against Rs 49,179 crore in 2013-14 Motor insurance in India continued to be the largest non-life insurance segment with a share of 44.14 per cent (43.61 per cent in 2013-14). It reported growth of 10.52 per cent (14.15 per cent in 2013-14), according to the Insurance Regulatory and Development Authority of India (Irdai). But, losses with respect to claims have been high. Overall, the net incurred claims of non-life insurers stood at Rs 55,232 crore in 2014-15 against Rs 49,179 crore in 2013-14. The incurred claims exhibited an increase of 12.31 per cent during 2014-15. Among the various segments, health insurance and ... image
Business Standard
177 22

Motor claims still on higher side

Overall, the net incurred claims of non-life insurers stood at Rs 55,232 crore in 2014-15 against Rs 49,179 crore in 2013-14

Motor insurance in India continued to be the largest non-life insurance segment with a share of 44.14 per cent (43.61 per cent in 2013-14). It reported growth of 10.52 per cent (14.15 per cent in 2013-14), according to the Insurance Regulatory and Development Authority of India (Irdai). But, losses with respect to claims have been high. Overall, the net incurred claims of non-life insurers stood at Rs 55,232 crore in 2014-15 against Rs 49,179 crore in 2013-14. The incurred claims exhibited an increase of 12.31 per cent during 2014-15. Among the various segments, health insurance and ...

image
Business Standard
177 22