Table 11.2 Insurance Premium and Claims by Class, 2020 - 2024 1/
(Millions of MVR)
Period Total gross written premium Total gross claims
Marine cargo Marine hull Fire Health Motor Personal accident Public liability Engineering Travel Miscellaneous Marine cargo Marine hull Fire Health Motor Personal accident public liability Engineering Travel Miscellaneous
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) (17) (18) (19) (20) (21) (22)
2020
914.0
17.8
101.4
341.1
185.7
26.3
8.0
24.9
12.2
1.4
195.3
267.6
5.2
58.6
62.1
79.9
2.9
0.4
3.0
2.3
0.5
52.7
2021
1,152.3
27.2
110.2
387.1
238.8
25.8
9.1
24.7
23.5
1.9
304.0
452.2
4.5
64.2
248.8
97.7
2.2
0.6
0.3
-0.0
0.3
33.5
2022
1,336.4
40.5
120.7
411.0
342.0
26.8
10.9
44.3
36.0
5.5
298.7
685.8
13.9
130.8
270.5
215.7
2.9
0.9
0.1
1.0
0.5
49.6
2023
1,648.8
36.3
120.6
464.3
485.5
28.1
14.1
57.5
45.6
4.2
392.5
615.7
6.4
62.7
171.3
323.1
4.8
1.8
0.5
0.7
0.1
44.2
2024
2,023.0
34.7
148.9
609.5
617.6
30.8
12.6
62.5
42.9
3.8
459.8
683.9
5.0
97.4
121.6
333.3
6.6
1.7
4.4
0.6
2.5
110.7
2020 Q1
314.7
6.9
33.0
114.6
66.6
11.5
3.0
7.1
3.3
0.5
68.3
65.7
0.2
12.6
15.9
26.3
0.7
-
0.5
0.2
0.0
9.3
Q2
218.0
2.6
18.9
87.3
55.8
3.2
3.0
4.2
1.2
0.1
41.7
59.5
0.4
14.9
14.7
12.6
0.6
-
0.7
-
0.1
15.6
Q3
156.2
3.4
15.6
57.8
28.7
5.4
1.1
5.7
3.3
0.2
35.0
60.6
1.0
10.1
15.4
17.6
0.5
0.2
0.0
0.1
0.0
15.6
Q4
225.1
4.9
33.9
81.3
34.5
6.3
0.9
7.9
4.4
0.6
50.3
81.8
3.6
21.0
16.1
23.3
1.0
0.2
1.8
2.0
0.4
12.3
2021 Q1
369.1
6.6
36.5
117.7
68.4
11.6
2.1
5.2
8.6
0.3
112.0
80.4
0.6
16.2
34.5
18.9
0.7
-
0.1
0.2
0.0
9.1
Q2
251.5
5.5
18.2
105.5
61.5
3.9
2.8
4.3
5.1
0.2
44.6
101.5
0.4
3.4
68.4
23.4
0.6
0.0
-
-
0.1
5.3
Q3
198.4
7.5
21.5
67.5
45.2
4.2
1.7
4.5
3.1
0.8
42.4
148.5
2.5
19.0
90.9
27.2
0.4
0.0
0.2
0.0
0.1
8.1
Q4
333.2
7.6
34.1
96.4
63.7
6.1
2.5
10.7
6.6
0.7
104.9
121.8
1.0
25.6
55.0
28.2
0.6
0.6
-
-0.2
0.1
11.0
2022 Q1
391.1
10.7
34.9
142.9
101.8
11.0
2.4
6.0
8.7
1.3
71.5
176.7
0.2
50.6
70.7
41.5
0.7
-
0.0
0.4
0.2
12.4
Q2
349.7
8.8
26.2
106.8
90.3
6.0
3.5
17.3
20.4
1.8
68.5
195.3
0.5
53.0
79.3
52.0
0.5
0.6
0.1
-
0.0
9.2
Q3
284.4
10.6
26.1
91.1
71.7
4.8
1.9
5.9
1.9
1.2
69.0
120.8
3.2
7.2
42.8
51.7
0.9
0.2
-
0.0
0.3
14.5
Q4
311.2
10.3
33.3
70.2
78.3
5.0
3.2
15.1
5.1
1.1
89.7
193.0
10.0
19.9
77.7
70.4
0.9
0.0
-
0.5
0.1
13.5
2023 Q1
511.2
9.5
36.0
170.1
139.7
10.7
4.1
7.9
22.4
1.1
109.7
139.5
0.4
28.4
42.2
59.9
1.0
0.5
-
-
0.1
7.0
Q2
375.2
8.2
28.4
68.1
129.6
6.2
3.9
23.4
10.3
1.0
96.1
116.9
1.6
14.6
21.3
70.0
1.0
0.5
0.1
0.2
0.0
7.6
Q3
385.8
8.9
24.4
100.8
114.6
5.0
3.7
7.5
9.0
1.1
110.8
154.7
0.8
8.4
41.1
91.2
1.4
0.5
0.4
0.2
0.0
10.7
Q4
376.6
9.7
31.8
125.3
101.6
6.3
2.4
18.7
3.8
1.0
75.9
204.5
3.6
11.4
66.8
101.9
1.4
0.2
0.0
0.3
0.1
18.8
2024 Q1
600.0
9.6
39.4
171.7
211.1
11.0
3.0
20.2
11.0
0.9
122.0
116.1
0.2
11.1
18.4
67.4
1.6
-
0.1
0.1
0.8
16.4
Q2
478.2
8.2
29.2
150.9
165.4
6.9
3.1
11.3
8.0
0.9
94.3
208.4
0.4
42.6
27.8
81.3
1.4
1.5
0.4
0.4
1.6
51.2
Q3
445.5
8.5
33.1
139.9
136.2
6.1
3.5
8.6
6.5
0.8
102.2
157.5
0.9
13.7
24.1
80.1
1.6
-
3.0
0.0
0.0
34.2
Q4
499.3
8.3
47.2
146.9
104.9
6.9
3.0
22.3
17.4
1.2
141.2
201.8
3.5
30.0
51.3
104.6
2.1
0.2
1.0
0.1
0.1
9.0
Source: Maldives Monetary Authority
1/Figures are from unaudited quarterly returns submitted to the MMA. Please refer to the explanatory notes on insurance indicators at the end of this publication for more details.