Motor Third-Party Liability Insurance

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dc.creatorGönülal, Serap
dc.date2017-08-10T21:08:38Z
dc.date2017-08-10T21:08:38Z
dc.date2010-09
dc.date.accessioned2026-07-01T00:56:31Z
dc.descriptionMotor Third Party Liability Insurance (MTPL) ensures that damage to third party health and property caused by an accident for which driver and/or owner of the car were responsible is covered. A policy may be taken out by the owner of a vehicle or by a lawful possessor authorized by the owner on behalf of the owner. Compulsory MTPL Insurance is a financial protection system built to prevent any grievance that third parties could face, due to lack of solvency of first party who caused bodily injury or property damage following any event related to a car accident. Motor insurance is generally measured non-life insurers' strongest class of business in terms of premium volume. In most markets, it is characterized by high competition and cyclical fluctuations in results. Non-life insurers' motor result is thus likely to have a particularly strong impact on the overall result. In most countries, MTPL insurance is compulsory in order to protect the public. World Bank studies in Africa, Central Asia, and Europe have shown that motor insurance premiums represent at least 30 percent of all non-life premium income. This phenomenon may be explained by the rapid rise of motor fleets. MTPL insurance has been introduced in the formerly centrally planned economies only in the past decade, but it is poorly understood. Motorists are inclined to view it as a form of tax that they are at liberty to evade, rather than as a protection against their personal liability a concept that is not familiar to the general public. Motor insurance has the potential to be a powerful tool in the promotion of personal responsibility. If communicated effectively, the link between the consequences of causing an accident and the economics of paying for those consequences will of itself gradually lead to improved driving.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/934881468163480768/Motor-third-party-liability-insurance
dc.identifierhttps://hdl.handle.net/10986/27732
dc.identifierhttps://doi.org/10.1596/27732
dc.identifier.urihttp://hdl.handle.net/123456789/413278
dc.languageEnglish
dc.languageen_US
dc.publisherWorld Bank, Washington, DC
dc.relationPrimer Series on Insurance;Issue 16
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo
dc.rightsWorld Bank
dc.subjectACCOUNTING
dc.subjectACCRUAL ACCOUNTING
dc.subjectADMINISTRATION OF JUSTICE
dc.subjectAGRICULTURAL INSURANCE
dc.subjectBAILOUT
dc.subjectBALANCE SHEET
dc.subjectBANKRUPTCIES
dc.subjectBENEFICIARIES
dc.subjectBODILY INJURY
dc.subjectBROKER
dc.subjectCAPITAL MARKET
dc.subjectCAPITAL MARKET DEVELOPMENT
dc.subjectCAPITAL MARKETS DEVELOPMENT
dc.subjectCAPITALIZATION
dc.subjectCASH FLOW
dc.subjectCASUALTY INSURANCE
dc.subjectCLAIMANT
dc.subjectCLAIMANTS
dc.subjectCLAIMS PROCESSING
dc.subjectCOMMISSIONS
dc.subjectCOMMUNITY INVESTMENT
dc.subjectCOMPENSATION
dc.subjectCOMPENSATION CLAIMS
dc.subjectCOMPENSATION FUND
dc.subjectCOMPETITIVE MARKET
dc.subjectCOMPULSORY INSURANCE
dc.subjectCONSUMER PROTECTION
dc.subjectCONSUMERS
dc.subjectCOST OF INSURANCE
dc.subjectCOVERAGE
dc.subjectCURRENCY
dc.subjectDEREGULATION
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING ECONOMIES
dc.subjectEXPENDITURE
dc.subjectEXPENDITURES
dc.subjectEXPOSURE
dc.subjectEXPOSURES
dc.subjectFACULTATIVE REINSURANCE
dc.subjectFINANCIAL HEALTH
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL MARKET
dc.subjectFINANCIAL MARKET DEVELOPMENT
dc.subjectFINANCIAL PERFORMANCE
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL STRUCTURE
dc.subjectFLOW OF INFORMATION
dc.subjectFRAUD
dc.subjectGENERAL INSURANCE
dc.subjectGLOBAL CAPITAL
dc.subjectGLOBAL CAPITAL MARKETS
dc.subjectGOVERNMENT REGULATION
dc.subjectGROSS NATIONAL PRODUCT
dc.subjectGUARANTEE FUND
dc.subjectHEALTH INSURANCE
dc.subjectHOUSING FINANCE
dc.subjectINCOME
dc.subjectINFLATION
dc.subjectINFLATIONARY PRESSURES
dc.subjectINFORMATION SERVICE
dc.subjectINFORMATION TECHNOLOGY
dc.subjectINSOLVENCY
dc.subjectINSOLVENT INSURER
dc.subjectINSPECTIONS
dc.subjectINSURANCE ACTIVITY
dc.subjectINSURANCE AGENTS
dc.subjectINSURANCE CLAIM
dc.subjectINSURANCE COMPANIES
dc.subjectINSURANCE COMPANY
dc.subjectINSURANCE CONTRACT
dc.subjectINSURANCE CONTRACTS
dc.subjectINSURANCE COSTS
dc.subjectINSURANCE COVERAGE
dc.subjectINSURANCE FUND
dc.subjectINSURANCE GUARANTEE
dc.subjectINSURANCE GUARANTEE FUNDS
dc.subjectINSURANCE INDUSTRY
dc.subjectINSURANCE MARKET
dc.subjectINSURANCE MARKETS
dc.subjectINSURANCE PREMIUMS
dc.subjectINSURANCE PRODUCTS
dc.subjectINSURANCE REGULATION
dc.subjectINSURANCE RISKS
dc.subjectINSURANCES
dc.subjectINSURER
dc.subjectINTERNATIONAL BANK
dc.subjectISSUANCE
dc.subjectLAWS
dc.subjectLEGAL FRAMEWORK
dc.subjectLEVY
dc.subjectLIABILITY
dc.subjectLIABILITY INSURANCE
dc.subjectLIBERALIZATION
dc.subjectLIFE INSURERS
dc.subjectLOSS RATIO
dc.subjectMARKET DEVELOPMENT
dc.subjectMARKET FORCES
dc.subjectMARKET INEFFICIENCIES
dc.subjectMARKET PRACTICES
dc.subjectMARKET PRICE
dc.subjectMARKET PRICES
dc.subjectMARKET PRICING
dc.subjectMARKET SHARE
dc.subjectMATURE MARKETS
dc.subjectMICROINSURANCE
dc.subjectMIDDLE-INCOME COUNTRIES
dc.subjectMONOPOLIES
dc.subjectMONOPOLY
dc.subjectMORAL HAZARD
dc.subjectMOTOR INSURANCE
dc.subjectMOTOR THIRD PARTY LIABILITY INSURANCE
dc.subjectNON-LIFE INSURANCE
dc.subjectPENSION
dc.subjectPERSONAL LIABILITY
dc.subjectPOLICYHOLDERS
dc.subjectPOLITICAL ECONOMY
dc.subjectPORTFOLIO
dc.subjectPREMIUMS
dc.subjectPRICE SENSITIVITY
dc.subjectPRIVACY
dc.subjectPRIVATE PENSION
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.subjectPROFIT MARGIN
dc.subjectPROGRAMS
dc.subjectPROTECTION INSURANCE
dc.subjectPROTECTION OF POLICYHOLDERS
dc.subjectPRUDENTIAL SUPERVISION
dc.subjectPUBLIC POLICY
dc.subjectQUOTA SHARE REINSURANCE
dc.subjectRATES
dc.subjectREGULATOR
dc.subjectREGULATORS
dc.subjectREGULATORY AUTHORITY
dc.subjectREINSURANCE
dc.subjectREINSURANCE ARRANGEMENTS
dc.subjectREINSURANCE REQUIREMENTS
dc.subjectREINSURERS
dc.subjectRESERVES
dc.subjectRISK INSURANCE
dc.subjectRISK MANAGEMENT
dc.subjectRISK PREMIUM
dc.subjectRISK TRANSFER
dc.subjectRISK UNDERWRITING
dc.subjectSAFETY NET
dc.subjectSAVINGS
dc.subjectSETTLEMENT
dc.subjectSOLVENCY
dc.subjectSOLVENCY REQUIREMENTS
dc.subjectSTATE GUARANTEE
dc.subjectSUPERVISORY AUTHORITIES
dc.subjectSUPERVISORY AUTHORITY
dc.subjectTAX
dc.subjectTORTS
dc.subjectTREASURY
dc.subjectTREATY
dc.subjectTREATY REINSURANCE
dc.subjectUNDERWRITER
dc.subjectUNDERWRITING
dc.subjectWITHDRAWAL
dc.titleMotor Third-Party Liability Insurance
dc.typeReport
dc.typeRapport
dc.typeInforme

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