Motor Third-Party Liability Insurance in Developing Countries : Raising Awareness and Improving Safety

This study focusses on motor insurance, possibly the most important type of insurance sold in developing countries. In most countries, motor third-party liability (MTPL) insurance is compulsory in order to protect the public. World Bank studies in...

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Bibliographic Details
Main Author:	Gönülal, Serap O.
Other Authors:	Gonulal, Serap O.
Format:	Other Financial Sector Study
Language:	English en_US
Published:	World Bank, Washington, DC 2013
Subjects:	ACCESS TO INFORMATION ACCIDENTS ACCOUNTING ACCOUNTING RULES ACCOUNTING STANDARDS ACTUARIAL SCIENCE ADJUDICATION ADMINISTRATIVE COSTS ADMINISTRATIVE EXPENSES ADVERSE SELECTION ASSETS AUDITORS BALANCE SHEET BENEFICIARIES BENEFICIARY BODILY INJURIES BODILY INJURY BOND BOOK VALUE BROKER BROKERAGE BROKERS CAPITAL COSTS CAPITAL MARKETS DEVELOPMENT CAPITALIZATION CASH FLOW CHAPTER 7 CIVIL LIABILITIES CIVIL LIABILITY CLAIM COLLECTION SYSTEM COMMISSIONS COMMON STOCK COMPENSATION COMPULSORY INSURANCE COPYRIGHT CLEARANCE COPYRIGHT CLEARANCE CENTER CORPORATE GOVERNANCE COST OF CAPITAL COVERAGE CREDITOR DEBT DEBTOR DEFAULTS DEFICITS DEPENDENTS DEVELOPING COUNTRIES DEVELOPING ECONOMIES DEVELOPING MARKETS EARNED PREMIUM EMERGING MARKETS EQUITY INTEREST EVENT OF DEATH EXCHANGE COMMISSION EXISTING LEGAL FRAMEWORK EXPOSURE EXPOSURES FINANCIAL BENEFIT FINANCIAL INSTITUTIONS FINANCIAL SECTOR FINANCIAL STATEMENTS FLOW OF INFORMATION FRAUD FREE MARKET FREE MARKETS GLOBAL CAPITAL GLOBAL CAPITAL MARKETS GROSS NATIONAL PRODUCT GUARANTEE FUND GUARANTEE FUNDS HOLDINGS INCOME INDEBTED INDEMNIFICATION INDEMNIFICATIONS INDEMNITY INDEPENDENT AUDITOR INDEPENDENT AUDITORS INDUSTRIAL COUNTRIES INFLATION INFLATION RATE INFORMATION SERVICE INFORMATION TECHNOLOGY INSOLVENCY INSOLVENT INSOLVENT INSURERS INSTRUMENT INSURANCE ACTIVITY INSURANCE AGENTS INSURANCE BROKERS INSURANCE CARRIERS INSURANCE COMPANIES INSURANCE COMPANY INSURANCE CONTRACTS INSURANCE COVERAGE INSURANCE INDUSTRY INSURANCE MARKET INSURANCE MARKETS INSURANCE POLICIES INSURANCE POLICY INSURANCE PREMIUM INSURANCE PREMIUMS INSURANCE PROGRAM INSURANCE SYSTEM INSURER INTERESTED PARTIES INTERESTED PARTY INTERNAL CONTROL INTERNAL CONTROLS INTERNATIONAL BANK INTERNATIONAL STANDARDS INVESTING ISSUANCE JUDGMENT JURISDICTIONS LACK OF COMPETITION LAWS LEGAL FRAMEWORK LIABILITY LIABILITY INSURANCE LIBERALIZATION LOSS OF EARNINGS LOSS RATIO MANDATE MARKET FORCES MARKET OVERSIGHT MARKET PRACTICES MARKET PRICE MARKET PRICES MATURE MARKETS MIDDLE-INCOME COUNTRIES MONOPOLIES MONOPOLY MORAL HAZARD MOTOR INSURANCE NON-LIFE INSURANCE NONPROPORTIONAL REINSURANCE OUTSTANDING CLAIMS PAR VALUE PAYMENT OF CLAIMS PERSONAL LIABILITY POLICYHOLDERS POLITICAL ECONOMY PORTFOLIO PREMIUMS PRICE COMPETITION PRIVATE INSURANCE PRIVATE SECTOR DEVELOPMENT PROFIT MARGIN PROPERTY DAMAGE PROPERTY DAMAGES QUOTA SHARE REINSURANCE RATES REINSURANCE REINSURANCE TREATY RESERVE RESERVES RISK MANAGEMENT RISK POOLING RISK PREMIUM RISK PREMIUMS RISK TRANSFER SECURITIES SETTLEMENT SETTLEMENT OF CLAIMS SOCIAL SECURITY SOCIAL SECURITY SYSTEMS SOLVENCY SOLVENCY REQUIREMENTS STATE GUARANTEE SUPERVISORY AUTHORITIES SUPERVISORY AUTHORITY TAX TAXIS TORTS TREASURY TREATIES TREATY REINSURANCE UNDERWRITING VALUATION VARIABLE COST VEHICLE REGISTRIES VEHICLE REGISTRY WAGES WITHDRAWAL WORLD TRADE
Online Access:	http://documents.worldbank.org/curated/en/2009/01/16404253/motor-third-party-liability-insurance-developing-countries-raising-awareness-improving-safety http://hdl.handle.net/10986/12960

Internet

http://documents.worldbank.org/curated/en/2009/01/16404253/motor-third-party-liability-insurance-developing-countries-raising-awareness-improving-safety
http://hdl.handle.net/10986/12960

Motor Third-Party Liability Insurance in Developing Countries : Raising Awareness and Improving Safety

Internet

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