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Check out the Incurred claims ratio of Insurer

Tuesday, June 27, 2017, 11:59 AM

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.
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