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INCURRED CLAIM RATIO
‘Focus on claim ratios, not commissions’: Bajaj General CEO on insurance reformBajaj General Insurance's MD highlights the need to focus on claim ratios instead of distributor commissions. The insurance regulator recen...
The cookie jar: Rs. 403 crore of expected losses simply disappeared, and turned into profit. Nobody had earned a rupeeA provision is simply management's estimate of a future cost the company can already see coming: Repairs under warranty, a lawsuit it might...
Sales didn't move, the profit went up. Here's the trick which is used to do thisHere is one that should make you look twice at any company you own. A company paid a supplier Rs. 394 crore, described in its accounts as a...
Finance Ministry asks state-owned general insurers to focus on profitable lines of businessPublic sector insurers must focus on profitable business lines and lower incurred claim ratios. Greater technology use and digitalisation a...
GIC Re reports 9.7% profit jump to Rs 1,922 crore driven by improved claims and underwritingGeneral Insurance Corporation of India has announced a notable profit increase of 9.7 percent, attributed to enhanced performance in claims...
ET Prime Special Series: Multibagger or IBC - Part 71: This small-cap auto supplier is trying to become a consumer brand againThe most interesting part of this old auto story is not nostalgia. It is how the company, after leaving the consumer vehicle market, has re...
Insurer-hospital panel on the cards to resolve disputes, says General Insurance Council CEODr S. Prakash, CEO, Health Insurance Ecosystem & Strategic Partnerships, General Insurance Council, speaks to Preeti Kulkarni on policyhold...
5 critical checks before buying health insurance policy to avoid claim rejectionsChoosing health insurance requires careful consideration of several important factors. Opting for a policy simply because it has a low prem...
ICICI Lombard General Insurance shares tumble 15% after Q1 profit takes a hitICICI Lombard shares tumbled 15% after the insurer reported a 46% YoY decline in Q1 FY27 net profit to Rs 403 crore, hit by large fire clai...
ICICI Lombard Q1 Results: Profit falls 46% on commercial insurance slowdown, higher claimsICICI Lombard reported a dramatic forty-six percent drop in profit for the first quarter, attributed to a downturn in commercial insurance ...
What is incurred claim ratio? How is it different from claim settlement ratio?If you are confused by personal finance terms, jargon and calculations, here’s a series to simplify and deconstruct these for you. In the 8...
How good is your health insurer in paying against claims? Latest incurred claim ratio of general and health insurance companies in India in 2026Health insurance customers often overlook the Incurred Claim Ratio (ICR), a crucial indicator of an insurer's reliability. IRDAI's latest r...
Buying health insurance for the first time? 5 things you must check
Health and general insurance claim settlement: 5 fastest and slowest insurers to settle claims within 3 monthsThe IRDAI has released the handbook on Indian insurance statistics for FY 2023-24, which reveals the claim settlement performance of all In...
Cashless claim settlement resumed for CARE and Star Health by AHNA, not for TATA AIGLast month, member hospitals of the Ahmedabad Hospitals and Nursing Association had suspended cashless claims with TATA AIG, CARE Health, a...
How well does health insurer settle claims? Latest Irdai incurred claim ratio of general, health insurance companies in IndiaIncurred claim ratio of general, health insurance cos: If you are planning to buy a new insurance policy or port your existing health insur...
How good is your health insurer? Latest incurred claim ratio of general, health insurance companies in IndiaIf you are planning to buy a new insurance policy or port your existing health insurance policy to a new insurer, do remember to check the ...
Latest health insurance claim settlement ratio of companies in 2021This ratio gives you an idea as to how reliable the health insurance company can be in case you need to make a claim.
General insurers’ claim ratios improveFrom policyholders’ perspective, a very low claims ratio may not be desirable.
6 ratios to know when buying insuranceHigher the claim settlement ratio, the greater are the chances of settlement of a claim. It is also a measure of the insurer’s reputation.