Scribd
Upload
73 views3 pages

Eng Insurance Data Report

The document analyzes engineering insurance data from insurers for 2011-12 and provides totals for various metrics like policies, claims, sums insured, and premiums by product. It notes data quality issues but aims for more granular analytics in the future. Claim and claim frequency ratios are also given.

Uploaded by

Harshad Patil
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
73 views3 pages

Eng Insurance Data Report

The document analyzes engineering insurance data from insurers for 2011-12 and provides totals for various metrics like policies, claims, sums insured, and premiums by product. It notes data quality issues but aims for more granular analytics in the future. Claim and claim frequency ratios are also given.

Uploaded by

Harshad Patil
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 3

Engineering Data Summary Report (2011-12)

Engineering Data Summary Report


(2011-12)

Insurance Information Bureau of India

Insurance Information Bureau of India

Page 1

Engineering Data Summary Report (2011-12)

Engineering Insurance Data Summary Report


The transactional level data received from Insurers for the year 2011 -12 has been analyzed
and the following summary is generated for the information of all the stakeholders. Owing to
some deficiencies in data quality, the following summary figures only ha ve been provided.
However, the quality of analytics shall be more granular in future, since affirmative
responses have been received from the insurers on improving the quality in data submission.

Data Summary Figures :


No. of
No. of
Product
Sum Insured*
Premium *
Policies
Claims
EAR/CAR
1,10,931
4,842
2,03,90,246.9
1,351.2
CPM
64,498
4,127
9,10,961.9
3,174.0
MB
49,099
35,757
4,31,225.2
202.7
EEI
53,906
20,390
1,12,794.4
109.3
BPP
5,625
223
26,485.7
293.2
DOS
1,330
27
6,137.8
21.9
MLOP
257
57
32,503.0
36.8
Total
2,85,646
65,423
2,19,10,354.9
5,189.1
Claims Ratio = Amount of Claims Paid/Amount of Premium Received
Claim Frequency = No. of Claims/No. of Policies

Insurance Information Bureau of India

Claim
Paid*
394.6
79.7
119.2
56.4
3.6
0.1
5.3
658.9

Claim
Ratio
29.2%
2.5%
58.8%
51.6%
1.2%
0.5%
14.3%
12.7%

Claim
Frequency
4.4%
6.4%
72.8%
37.8%
4.0%
2.0%
22.2%
22.9%

* Amount in ` Crore
Avg.
Avg. Claim
Premium/Policy
Paid/Claim
1,21,809.3
8,14,900.9
4,92,100.8
1,93,103.8
41,283.5
33,343.5
20,268.2
27,666.7
5,21,326.5
1,59,963.6
1,64,947.0
44,657.3
14,31,732.6
9,25,934.6
1,81,662.9
1,00,709.8

Page 2

Engineering Data Summary Report (2011-12)

Caveats:
1. Tabulations & Charts in the report are generated from the transactional data supplied by Non-Life Insurers
for the FY 2011-12.
2. The Tables are indicative and contextual.
3. Findings reflected here are only illustrative and not complete and conclusive.
4. The information contained in the tables cannot be the subject matter for any litigation affecting
IRDA/IIB/Insurance Companies/ Insurance Intermediaries.
5. The data and findings are excepted for errors and omissions.

Insurance Information Bureau of India

Page 3

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy