Assessing Loss to a Property and Claims Adjustment Process

Case Code: INS008 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

These caselets deal with automobile liability insurance. Caselet 1 focuses on various underwriting factors considered for checking the insurability of an automobile and the influence of these factors over the cause of loss. Further, the caselet analyzes the rating criteria of insurers.

Caselet 2 discusses factors, which dampen the spirits of private insurance companies, and discourage their coming forward to provide insurance coverage for certain models of automobiles.

Issues

• Understand the factors that affect the underwriting of commercial automobiles
• Discuss the pros and cons of the use of various models of cars as taxis in India

Keywords

Automobile Liability Insurance, Underwriting Factors, Insurability, Automobile, Influence, Rating, Criteria of Insurers, Factors, Dampen, Spirits, Private Insurance Companies, Insurance Coverage, Models, Automobiles

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