Claim Settlement Ratio is a ratio of the number of claims paid to customers by the insurance company to the total claims received by the company. It is calculated as: Claim Settlement Ratio = (Total no. of claims approved/Total no. of...
Claim Settlement Ratio is a ratio of the number of claims paid to customers by the insurance company to the total claims received by the company. It is calculated as: Claim Settlement Ratio = (Total no. of claims approved/Total no. of...