Introduction to basics of Motor Insurance

1. 1 INDIA INSURANCE FORUM IIF INDIA INSURANCE FORUM INTRODUCTION TO MOTOR INSURANCE

4. Types of Policies

5. Types of Vehicles

6. Underwriting of Policies

7. MOTOR REINSURANCE

8. MOTOR Claims

9. Conclusion3 IIF INDIA INSURANCE FORUM

10. INTERNAL COMBUSTION ENGINE 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 4 IIF INDIA INSURANCE FORUM

12. INTRODUCTION OF AUTOMOBILES – KARL BENZ – 1885 (SOURCE – WIKIPEDIA – (http://en.wikipedia.org/wiki/car#etymology)

13. INTRODUCTION OF ROAD TRAFFIC / Motor Vehicle Act

14. Motor Vehicle Insurance–COMMENCED IN 1895 IN UK 5 IIF INDIA INSURANCE FORUM

16. Third Party &/OR Fire & / OR Theft

17. Comprehensive (OWN DAMAGE + TP)

18. Add-on's to Comprehensive

19. FLEET

20. MOTOR TRADE6 IIF INDIA INSURANCE FORUM

21. 7 IIF INDIA INSURANCE FORUM

23. Engine Capacity – CC / HP

24. VEHICLE TYPE – SALOON / SPORTS / SUV ETC.

25. Carrying Capacity – Goods / Passenger

26. Area of use

27. Owner / Driver factors

28. VEHICLE CONDITION

29. CLAIMS HISTORY - Desirability factors!!!!!

30. Other factors – VEHICLE COLOUR / AGE / GENDER ETC.8 IIF INDIA INSURANCE FORUM

32. QUOTA SHARE – OBLIGATORY – NATIONAL REINSURER

33. RETENTION

34. IS A PROPORTIONAL TREATY REQUIRED?

35. FACULTATIVE REINSURANCE – FAC PLACEMENTS ON CASE-TO-CASE BASIS

37. TP INJURY / DEATH

38. TP PROPERTY DAMAGE

39. LIABILITY TO PASSENGER

40. LIABILITY TO PAID DRIVER / CLEANER / OTHER WORKMEN ETC.

41. PERSONAL ACCIDENT / HOSPITALISATION:10 IIF INDIA INSURANCE FORUM

43. Importance of Prudent Underwriting

44. Customer Satisfaction - Maintaining TAT in Policy Issuance and Claim Settlement (Claims Management)

45. Importance of Technology

46. Importance of a responsive Reinsurance Programme11 IIF INDIA INSURANCE FORUM

47. A JOURNEY OF 1000 MILES BEGINS WITH A SINGLE STEP (OLD CHINESE PROVERB) LET’S START OUR JOURNEY TODAY THANK YOU 12 IIF INDIA INSURANCE FORUM