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Loss ratio of non-life insurance companies in Asia from 2022 to 2023, by region

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Source

Release date

November 2024

Region

Australia, Asia, China, Taiwan, Hong Kong, India, Indonesia, Japan, South Korea, Malaysia, New Zealand, Philippines, Singapore, Vietnam, Thailand, APAC

Survey time period

2022 to 2023

Supplementary notes

Figures have been taken from multiple publications.

The loss ratio measures the ratio of net claims paid and loss adjustment expenses to net premiums written.

The source adds the following information on figures from 2022.

India 2022 data is based on insurance statistics from 2021 due to incomplete data FY 2022. Taiwan and South Korea 2022 data refers to the 2021 loss ratio and combined ratio.Ìý

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Citation formats

Loss ratio of non-life insurance companies Asia 2022-2023, by region

Published by Jenny Yang, Jan 27, 2025

In the fiscal year 2023, the loss ratio of non-life insurance companies in the Philippines and Vietnam stood at about ** percent. This was less than half that of India, which had a loss ratio of over ** percent in both 2022 and 2023.

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