INSURANCE OF MOTOR VEHICLES  (English, Paperback, JAGENDRA RANA)

"India has become the fourth largest automobile market in the world. The Indian automotive industry is on an adrenaline-fuelled drive. In CY2017, the industry notched record highs across vehicle segments. Importantly, it surpassed Germany to become the fourth largest market for vehicles globally. Clearly, it is one of the fastest growing markets worldwide and is pitched to become the No. 3 by around 2020. Motor is the largest segment of general insurance business. Combined ratio for motor insurance is above hundred percent which means that the business is not making profit. Combined ratio is a measure of profitability used by an insurance company to indicate how well it is performing from operations. The motor insurance segment in the country is poised to grow in tandem with the growth in automobile industry as newer and faster models are hitting Indian roads along with better and larger road surface as a result of infrastructure development. Government's policy of insuring the uninsured has gradually pushed insurance penetration in the country and proliferation of insurance schemes is expected to catapult this key ratio. The future looks promising for the motor insurance segment with several changes in regulatory framework which will lead to further change in the way the industry conducts its business and engages with its customers. There is a dearth of quality books on Motor Vehicle Insurance focussing on different aspects of business and technological advancement. This book is a unique compilation of specialised features and new dimensions of Auto insurance Industry to update you."