What is claim settlement or claims paid ratio?
What is claim settlement or claims paid ratio?
Claim Settlement Ratio gives us an idea about the claim solving ability of the insurance company. If claims are intimated and the insurance company solves those, claim settlement ratio would be good. In simple words - claim settlement ratio is the number of claims settled by the insurance company out of every 100 claims it has received.Originally Posted by Vinayak
Claim Settlement Ratio (CSR) = Total Claims Settled / [(Total Claims) – (Claims Rejected)] %
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