Star Health and Allied Insurance Company Limited CC-Sep24.pdf · 2024-10-30
The figure you mentioned around the increase in severity and frequency is of 10% and 6%. Please tell me if I'm reading this correctly, if the net incurred claims for the first half has increased by 21% YoY . Of that 10% and 6% is explained by increasing severity and frequency then around 6% to 7% will be normal volume increase. Is that the correct way to read it?
Can you give some color on how should we see both parameters, severity and frequency going forward?