Changing Trends in Commercial Vehicles Insurance in India
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Case Code: INS005 Case Length: 03 Pages Period: 2003 Pub Date: 2003 Teaching Note: Available |
Price: Rs.100 Organization: Varied Industry: Insurance Countries: India Themes: - |
Abstract Case Intro
Abstract
As the claims-ratio in the motor vehicle insurance category has been consistently high in the past, general insurers are not willing to provide insurance for commercial vehicles. The case focuses on various aspects of insurance coverage for commercial vehicles. It discusses issues regarding the insurability of old commercial vehicles and the steps taken by insurers to discourage comprehensive insurance of such vehicles. The case also examines the impact of insurers' unwillingness to provide comprehensive insurance cover to commercial vehicles.
In addition, the case discusses the necessity of developing fleet safety programs (by transporters).
Issues
- Understand different aspects of insurance cover for old commercial vehicles and the changing trends regarding the provision of insurance cover for such vehicles in India
- Discuss the pros and cons of providing insurance cover to commercial vehicles
Keywords
Claims-ratio, Motor Vehicle, Insurance Category, General Insurers, Insurance, Commercial Vehicles, Insurance Coverage, Insurability, Old Commercial Vehicles, Comprehensive Insurance, Unwillingness, Fleet Safety Programs, Transporters
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