1+ week, 3+ day ago (128+ words) Claim repudiation and pending ratios What ratios should I focus on for health insurance? For a health policy, give most weight to the claim settlement ratio, incurred claim ratio and solvency ratio, and see how they have moved over a few years. Is a very high incurred claim ratio always bad? Not automatically. A spike for one year can be due to events like a pandemic. But if the ratio stays very high over several years, it can signal pressure on the insurer's finances. Do these ratios apply to online-only insurers as well? Yes. Every insurer regulated by IRDAI, whether digital-first or traditional, has to publish these ratios regularly. You can usually find them on the company's website or in IRDAI's public disclosures....