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Motor insurance underwriting

Course Description

This course deals with all major aspects of motor insurance: the marketplace and the different marketing methods; the legal framework; underwriting and rating factors; specialist types of motor policies including commercial vehicles and an introduction to motor fleet ratings; the claims process; documentation and renewals.

Course Objectives

  1. To gain knowledge and understanding of the principles and practice of motor insurance for both personal and commercial use.
  2. To understand the legal and regulatory considerations applicable to motor insurance business.
  3. To appreciate the motor insurance market and the way that it functions;
  4. To understand the underwriting process for motor insurance;

Learning outcomes

At the end of this course student will be able:

  1. To describe the motor insurance market and the way that it functions;
  2. To identify the significance of relevant legislation;
  3. To explain the underwriting process for motor insurance;
  4. To explain the differences between the various types of motor policy;
  5. The ability to apply knowledge and skills to practical situations
Further reading
  • Ivamy, E., R., H. (2001). Fire and motor insurance (5th ed.). Butter worths trolley
  • Merkin, R., M., &Stuart, J. (2004). The law of motor insurance. sweet & maxwell.
  • Motor Vehicle insurance (Third party Risks) Act 1989
  • Ranjan,S., U. (). Motor insurance claims and compension. Sodhi publications.
  • The motor vehicles Act. (Amendment)Act 2019
  • The roads Act, 2019
  • Traffic and Roads safety act 1998
  • Vijayraghavan, N. (2005). Motor accidents claims. united publishing Co.
  • Kongstvedt, P., R. (2001). The managed care handbook. Jones & Bartlett learning.
  • Harry H. Panjer, Kenju Imai Shaun S. Wang, "Operational Risk management: Best practice in the financial services industry ", 2004, 1st ed. Wiley
  • Ranjan,S., (). Motor accident: Motor insurance claims and compensation. Sodhi publications
  • The Roads act,2019
  • Kiryabwire, G. W. M. (2005). Alternative Dispute Resolution
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