1<br /> INDIA INSURANCE FORUM<br />IIF<br /> INDIA INSURANCE FORUM<br />INTRODUCTION <br />TO <br />MOTOR INSURANCE <br />
2<br />IIF<br /> INDIA INSURANCE FORUM<br /> INSERT PICTURE<br /><ul><li>PLEASE FEEL FREE TO ASK QUESTIONS AT ANY POINT
THE MORE YOU ASK, THE MORE WE ALL LEARN</li></li></ul><li>Contents:<br /><ul><li>Motor Insurance - GENESIS
Types of Policies
Types of Vehicles
Underwriting of Policies
MOTOR REINSURANCE
MOTOR Claims
Conclusion</li></ul>3<br />IIF<br /> INDIA INSURANCE FORUM<br />
INTERNAL COMBUSTION ENGINE<br />	This internal combustion engine was an integral aspect of the patent for the first patent...
MOTOR INSURANCE - GENESIS:<br /><ul><li>Internal Combustion Engine – DEVELOPMENT STARTED IN 1206 (Source – Wikipedia (http...
INTRODUCTION OF AUTOMOBILES – KARL BENZ – 1885 (SOURCE – WIKIPEDIA – (http://en.wikipedia.org/wiki/car#etymology)
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Introduction To Motor Insurance

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Introduction to basics of Motor Insurance

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  • You really need to visit www.car-insura.com if you are planning to buy car insurance now. The guide is really a superb and it really helps to new buyers and specially to young drivers and ladies.
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Introduction To Motor Insurance

  1. 1. 1<br /> INDIA INSURANCE FORUM<br />IIF<br /> INDIA INSURANCE FORUM<br />INTRODUCTION <br />TO <br />MOTOR INSURANCE <br />
  2. 2. 2<br />IIF<br /> INDIA INSURANCE FORUM<br /> INSERT PICTURE<br /><ul><li>PLEASE FEEL FREE TO ASK QUESTIONS AT ANY POINT
  3. 3. THE MORE YOU ASK, THE MORE WE ALL LEARN</li></li></ul><li>Contents:<br /><ul><li>Motor Insurance - GENESIS
  4. 4. Types of Policies
  5. 5. Types of Vehicles
  6. 6. Underwriting of Policies
  7. 7. MOTOR REINSURANCE
  8. 8. MOTOR Claims
  9. 9. Conclusion</li></ul>3<br />IIF<br /> INDIA INSURANCE FORUM<br />
  10. 10. INTERNAL COMBUSTION ENGINE<br /> This internal combustion engine was an integral aspect of the patent for the first patented automobile, made by Karl Benz on January 29, 1886 ( Source - http://en.wikipedia.org/wiki/history_of_the_internal_combustion_engine<br />4<br />IIF<br /> INDIA INSURANCE FORUM<br />
  11. 11. MOTOR INSURANCE - GENESIS:<br /><ul><li>Internal Combustion Engine – DEVELOPMENT STARTED IN 1206 (Source – Wikipedia (http://en.wikipedia.org/wiki/history_of_the_internal_combustion_engine ).
  12. 12. INTRODUCTION OF AUTOMOBILES – KARL BENZ – 1885 (SOURCE – WIKIPEDIA – (http://en.wikipedia.org/wiki/car#etymology)
  13. 13. INTRODUCTION OF ROAD TRAFFIC / Motor Vehicle Act
  14. 14. Motor Vehicle Insurance–COMMENCED IN 1895 IN UK </li></ul>5<br />IIF<br /> INDIA INSURANCE FORUM<br />
  15. 15. Motor Insurance - Types of Policies<br /><ul><li>Third Party (LIABILITY)
  16. 16. Third Party &/OR Fire & / OR Theft
  17. 17. Comprehensive (OWN DAMAGE + TP)
  18. 18. Add-on's to Comprehensive
  19. 19. FLEET
  20. 20. MOTOR TRADE</li></ul>6<br />IIF<br /> INDIA INSURANCE FORUM<br />
  21. 21. 7<br />IIF<br /> INDIA INSURANCE FORUM<br />
  22. 22. UNDERWRITING Factors - for Acceptance / Rating :<br /><ul><li>Manufacturer / Make / Model
  23. 23. Engine Capacity – CC / HP
  24. 24. VEHICLE TYPE – SALOON / SPORTS / SUV ETC.
  25. 25. Carrying Capacity – Goods / Passenger
  26. 26. Area of use
  27. 27. Owner / Driver factors
  28. 28. VEHICLE CONDITION
  29. 29. CLAIMS HISTORY - Desirability factors!!!!!
  30. 30. Other factors – VEHICLE COLOUR / AGE / GENDER ETC.</li></ul>8<br />IIF<br /> INDIA INSURANCE FORUM<br />
  31. 31. 9<br />IIF<br /> INDIA INSURANCE FORUM<br />MOTOR – REINSURANCE<br /><ul><li>WHY REINSURANCE?
  32. 32. QUOTA SHARE – OBLIGATORY – NATIONAL REINSURER
  33. 33. RETENTION
  34. 34. IS A PROPORTIONAL TREATY REQUIRED?
  35. 35. FACULTATIVE REINSURANCE – FAC PLACEMENTS ON CASE-TO-CASE BASIS
  36. 36. EXCESS OF LOSS REINSURANCE – NON-PROPORTIONAL – SINGLE LOSS – ALL LOSSES ARISING OUT OF ONE EVENT</li></li></ul><li>MOTOR Claims:<br /><ul><li>Type of Claims:</li></ul>DAMAGE TO VEHICLE -OD –ACCIDENT/THEFT etc.<br /><ul><li>Third Party:
  37. 37. TP INJURY / DEATH
  38. 38. TP PROPERTY DAMAGE
  39. 39. LIABILITY TO PASSENGER
  40. 40. LIABILITY TO PAID DRIVER / CLEANER / OTHER WORKMEN ETC.
  41. 41. PERSONAL ACCIDENT / HOSPITALISATION:</li></ul>10<br />IIF<br /> INDIA INSURANCE FORUM<br />
  42. 42. Conclusion:<br /><ul><li>Importance of the Motor Book for a GI Company – PORTFOLIO – MARKET SHARE – CASH FLOW
  43. 43. Importance of Prudent Underwriting
  44. 44. Customer Satisfaction - Maintaining TAT in Policy Issuance and Claim Settlement (Claims Management)
  45. 45. Importance of Technology
  46. 46. Importance of a responsive Reinsurance Programme</li></ul>11<br />IIF<br /> INDIA INSURANCE FORUM<br />
  47. 47. A JOURNEY OF 1000 MILES BEGINS WITH A SINGLE STEP <br />(OLD CHINESE PROVERB)<br />LET’S START OUR JOURNEY TODAY<br />THANK YOU<br />12<br />IIF<br /> INDIA INSURANCE FORUM<br />
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