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Claim settlement ratio
Work out the claim settlement ratio by count and amount, as insurers report it.
Governance, risk & complianceInsurance
How it's worked out
- Settlement ratio = settled ÷ (outstanding at start + intimated)
- Definitions as in insurer public disclosures; check the regulator’s current format
NoteRatios by amount often differ a lot from counts; report both.
Source: IRDAI public disclosure forms (claims data)
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