As of June 2023, the gross loss ratio of CTP (compulsory third-party) motor vehicle insurance in Australia reached 71.14 percent, marking an increase in loss ratio compared to previous year, which saw a loss ratio of 55.32 percent.
Gross loss ratio of CTP motor vehicle insurance in Australia from 2017 to 2023
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KPMG. (September 30, 2023). Gross loss ratio of CTP motor vehicle insurance in Australia from 2017 to 2023 [Graph]. In Statista. Retrieved May 13, 2024, from https://www.statista.com/statistics/1256587/australia-ctp-motor-vehicle-insurance-gross-loss-ratio/
KPMG. "Gross loss ratio of CTP motor vehicle insurance in Australia from 2017 to 2023." Chart. September 30, 2023. Statista. Accessed May 13, 2024. https://www.statista.com/statistics/1256587/australia-ctp-motor-vehicle-insurance-gross-loss-ratio/
KPMG. (2023). Gross loss ratio of CTP motor vehicle insurance in Australia from 2017 to 2023. Statista. Statista Inc.. Accessed: May 13, 2024. https://www.statista.com/statistics/1256587/australia-ctp-motor-vehicle-insurance-gross-loss-ratio/
KPMG. "Gross Loss Ratio of Ctp Motor Vehicle Insurance in Australia from 2017 to 2023." Statista, Statista Inc., 30 Sep 2023, https://www.statista.com/statistics/1256587/australia-ctp-motor-vehicle-insurance-gross-loss-ratio/
KPMG, Gross loss ratio of CTP motor vehicle insurance in Australia from 2017 to 2023 Statista, https://www.statista.com/statistics/1256587/australia-ctp-motor-vehicle-insurance-gross-loss-ratio/ (last visited May 13, 2024)
Gross loss ratio of CTP motor vehicle insurance in Australia from 2017 to 2023 [Graph], KPMG, September 30, 2023. [Online]. Available: https://www.statista.com/statistics/1256587/australia-ctp-motor-vehicle-insurance-gross-loss-ratio/