The claim ratio of the liability insurance sector in Malaysia retracted by around 5.5 percent from 42.2 percent in 2021 to 36.7 percent in 2023. The Net Claims Incurred Ratio (NCIR) of liabilities fluctuated in the past decade it was at its highest in 2020 and 2021.
Claim ratio of liability insurance companies in Malaysia from 2014 to 2023
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General Insurance Association of Malaysia, & Insurance Services Malaysia. (May 14, 2024). Claim ratio of liability insurance companies in Malaysia from 2014 to 2023 [Graph]. In Statista. Retrieved November 25, 2024, from https://www.statista.com/statistics/1016374/malaysia-liability-insurance-claim-ratio/
General Insurance Association of Malaysia, und Insurance Services Malaysia. "Claim ratio of liability insurance companies in Malaysia from 2014 to 2023." Chart. May 14, 2024. Statista. Accessed November 25, 2024. https://www.statista.com/statistics/1016374/malaysia-liability-insurance-claim-ratio/
General Insurance Association of Malaysia, Insurance Services Malaysia. (2024). Claim ratio of liability insurance companies in Malaysia from 2014 to 2023. Statista. Statista Inc.. Accessed: November 25, 2024. https://www.statista.com/statistics/1016374/malaysia-liability-insurance-claim-ratio/
General Insurance Association of Malaysia, and Insurance Services Malaysia. "Claim Ratio of Liability Insurance Companies in Malaysia from 2014 to 2023." Statista, Statista Inc., 14 May 2024, https://www.statista.com/statistics/1016374/malaysia-liability-insurance-claim-ratio/
General Insurance Association of Malaysia & Insurance Services Malaysia, Claim ratio of liability insurance companies in Malaysia from 2014 to 2023 Statista, https://www.statista.com/statistics/1016374/malaysia-liability-insurance-claim-ratio/ (last visited November 25, 2024)
Claim ratio of liability insurance companies in Malaysia from 2014 to 2023 [Graph], General Insurance Association of Malaysia, & Insurance Services Malaysia, May 14, 2024. [Online]. Available: https://www.statista.com/statistics/1016374/malaysia-liability-insurance-claim-ratio/
