In financial year 2019, the public insurer, State Bank of India had a combined ratio of just over 118 percent in the own-damage motor segment. This was an increase compared to the previous financial year's ratio of 110 percent. Overall, a higher combined ratio indicates that the company is paying out more money than it is earning as insurance premiums.
Combined ratio of State Bank of India own-damage motor insurance from financial year 2015 to 2019
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HDFC Securities. (October 1, 2019). Combined ratio of State Bank of India own-damage motor insurance from financial year 2015 to 2019 [Graph]. In Statista. Retrieved November 13, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1079778/india-state-bank-of-india-motor-own-damage-insurance-combined-ratio/
HDFC Securities. "Combined ratio of State Bank of India own-damage motor insurance from financial year 2015 to 2019." Chart. October 1, 2019. Statista. Accessed November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1079778/india-state-bank-of-india-motor-own-damage-insurance-combined-ratio/
HDFC Securities. (2019). Combined ratio of State Bank of India own-damage motor insurance from financial year 2015 to 2019. Statista. Statista Inc.. Accessed: November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1079778/india-state-bank-of-india-motor-own-damage-insurance-combined-ratio/
HDFC Securities. "Combined Ratio of State Bank of India Own-damage Motor Insurance from Financial Year 2015 to 2019." Statista, Statista Inc., 1 Oct 2019, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1079778/india-state-bank-of-india-motor-own-damage-insurance-combined-ratio/
HDFC Securities, Combined ratio of State Bank of India own-damage motor insurance from financial year 2015 to 2019 Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1079778/india-state-bank-of-india-motor-own-damage-insurance-combined-ratio/ (last visited November 13, 2024)
Combined ratio of State Bank of India own-damage motor insurance from financial year 2015 to 2019 [Graph], HDFC Securities, October 1, 2019. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1079778/india-state-bank-of-india-motor-own-damage-insurance-combined-ratio/
