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

Participantsí 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

Date:

        I.            26.06.2023-28.06.2023

     II.            28.08.2023-30.08.2023

  III.            04.10.2023-06.10.2023

  IV.            04.12.2023-06.12.2023

    V.            26.02.2024-28.02.2024