PUNE
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 ,(introduction of section 164) providing compensation for third party fatal accidents/injury cases, compulsory personal accident cover of INR 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:
§
M.V. Act
and other laws
§
Procedural
requirements of MACT Claims
§
Medical
knowledge for assessment of non-fatal injuries
§
Written
statements, pleading & proving the defences available, effective recovery
§
Role of
Insurers, Advocates, Investigators, Police, Judiciary and MVD in the management
of TP claims
§
Various
mechanisms for claims settlement
Contents:
§
Overview
of Motor TP: Portfolio Trends
§
MV Act,
CMV Rules , CPC & other laws governing motor insurance
§
New
defences available under amended Motor Vehicle Act
§
Trends in
court awards ,important Supreme Court Judgements and their implication in
Motor TP Cases
§
Drafting ,
Pleading and court procedures in MACT Cases
§
Medical
knowledge to handle T.P. claims & assessment of non-fatal injuries
§
Role of
Officers, Police, investigators, hospitals & judiciary in T.P. claims
management process
§
Lok
Adalat, 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:
I.
08.07.2024 - 10.07.2024
II.
23.09.2024 - 25.09.2024
III.
06.11.2024
- 08.11.2024
IV.
24.02.2025
- 26.02.2025