P156 - WORKSHOP ON MOTOR THIRD
PARTY CLAIMS (NON-LIFE)
Background
Motor
third party Insurance has assumed significant importance in terms of market
share in the recent past. It is also
a large contributor to underwriting losses affecting the bottom line of
companies. The stakeholders involved in
the motor third party ecosystem are many, requiring monitoring and control by
the insurers for effective portfolio management. Recent developments in
the motor space include introduction of The Motor Vehicles (Amendment) Act,
2019, amendment in section 163A-schedule
for compensation for third party fatal accidents/injury cases claims, compulsory
personal accident cover of Rs.15 lac, regulation on long term policy for two wheelers and
private cars, and increasing frequency
and severity of third party cases. The
programme will enable participants to have an understanding of various facets of
motor third party insurance to enable them to provide better service and make
the portfolio sustainable.
Objectives
The programme aims to equip participants with knowledge and understanding
of
Ø
M.V. Act
and other laws
Ø
Procedural
requirements of MACT Claims
Ø
Medical
knowledge for assessment of non-fatal injuries
Ø
Written
statements, pleading & proving the defences available, effective recovery
Ø
Role of
Insurers, Advocates, Investigators, Police, Judiciary and MVD in the management
of TP claims
Ø
Various
mechanisms for claims settlement
Contents
Ø
Overview of Motor TP:
Portfolio Trends
Ø
MV Act, MV Rules , CPC
& other laws governing motor insurance
Ø
Trends in court awards
and important judgements
Ø
Provisioning of
third-party claims
Ø
Written statements,
pleading & proving the defences available, effective recovery
Ø
Medical knowledge to
handle T.P. claims & assessment of non-fatal injuries
Ø
Defences available to
insurers, settlement calculation aspects
Ø
Role of Officers,
Police, investigators, hospitals & judiciary in T.P. claims management
process
Ø
Lok Adalats,
conciliatory & alternate dispute mechanisms
Participants’
Profile
Officials handling Motor Third Party claims posted in Head Office,
Regional Offices, Claims Hubs, Operating Offices of Indian and
foreign public & private sector General Insurance Companies
Duration: 3 Days
Dates:
17.10.2022-19.10.2022
05.12.2022-07.12.2022