Check out the Incurred claims ratio of Insurer
Tuesday, June 27, 2017, 5:29 PM
The ICR metric indicates a general insurer’s ability to pay claims. It is calculated as the total value of all claims paid by the company divided by the total amount of premium collected in a financial year. For instance, an ICR of 85% implies that the company has spent 85 on claims for every Rs 100 collected as premium.