Product details

This set of two 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 analyses 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. These caselets are structured to enable students to: (1) understand the factors that affect the underwriting of commercial automobiles; (2) discuss the pros and cons of the use of various models of cars as taxis in India; (3) understand the influence of replacement cost on the process of making decisions about the rate for providing insurance cover; and (4) understand the prevailing scenario in the underwriting of automobile insurance. These caselets are aimed at MBA/PGDBA students, and are intended to be part of the insurance operations curriculum.