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

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dc.contributor.authorGönülal, Serap O.
dc.contributor.editorGonulal, Serap O.
dc.date.accessioned2013-03-26T20:08:30Z
dc.date.available2013-03-26T20:08:30Z
dc.date.issued2009
dc.description.abstractThis 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 Africa, Central Asia, and Europe have shown that motor insurance premiums represent at least 30 percent of all non-life premium income. MTPL insurance has been introduced in the formerly centrally planned economies only in the past decade, and 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. This report discusses the high motor accident casualty rate in developing countries, and predicts that it will increase dramatically by 2020. It focuses specific aspects of MTPL systems, with reference to the experiences gained in both developed and developing markets. The report examines existing practices, and discusses some aspects of the MTPL system, referring especially to the experiences of Brazil, which sought to correct uninsured vehicle rates that were as high as 60 percent or more. The study concludes with results from the experiences of the countries studies, and outlines some important features to guide future work in those countries. It underlines the importance of MTPL insurance for road safety, personal responsibility, and secure traffic systems in developing countries.en
dc.identifierhttp://documents.worldbank.org/curated/en/2009/01/16404253/motor-third-party-liability-insurance-developing-countries-raising-awareness-improving-safety
dc.identifier.doi10.1596/12960
dc.identifier.urihttps://hdl.handle.net/10986/12960
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO INFORMATION
dc.subjectACCIDENTS
dc.subjectACCOUNTING
dc.subjectACCOUNTING RULES
dc.subjectACCOUNTING STANDARDS
dc.subjectACTUARIAL SCIENCE
dc.subjectADJUDICATION
dc.subjectADMINISTRATIVE COSTS
dc.subjectADMINISTRATIVE EXPENSES
dc.subjectADVERSE SELECTION
dc.subjectASSETS
dc.subjectAUDITORS
dc.subjectBALANCE SHEET
dc.subjectBENEFICIARIES
dc.subjectBENEFICIARY
dc.subjectBODILY INJURIES
dc.subjectBODILY INJURY
dc.subjectBOND
dc.subjectBOOK VALUE
dc.subjectBROKER
dc.subjectBROKERAGE
dc.subjectBROKERS
dc.subjectCAPITAL COSTS
dc.subjectCAPITAL MARKETS DEVELOPMENT
dc.subjectCAPITALIZATION
dc.subjectCASH FLOW
dc.subjectCHAPTER 7
dc.subjectCIVIL LIABILITIES
dc.subjectCIVIL LIABILITY
dc.subjectCLAIM
dc.subjectCOLLECTION SYSTEM
dc.subjectCOMMISSIONS
dc.subjectCOMMON STOCK
dc.subjectCOMPENSATION
dc.subjectCOMPULSORY INSURANCE
dc.subjectCOPYRIGHT CLEARANCE
dc.subjectCOPYRIGHT CLEARANCE CENTER
dc.subjectCORPORATE GOVERNANCE
dc.subjectCOST OF CAPITAL
dc.subjectCOVERAGE
dc.subjectCREDITOR
dc.subjectDEBT
dc.subjectDEBTOR
dc.subjectDEFAULTS
dc.subjectDEFICITS
dc.subjectDEPENDENTS
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING ECONOMIES
dc.subjectDEVELOPING MARKETS
dc.subjectEARNED PREMIUM
dc.subjectEMERGING MARKETS
dc.subjectEQUITY INTEREST
dc.subjectEVENT OF DEATH
dc.subjectEXCHANGE COMMISSION
dc.subjectEXISTING LEGAL FRAMEWORK
dc.subjectEXPOSURE
dc.subjectEXPOSURES
dc.subjectFINANCIAL BENEFIT
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL STATEMENTS
dc.subjectFLOW OF INFORMATION
dc.subjectFRAUD
dc.subjectFREE MARKET
dc.subjectFREE MARKETS
dc.subjectGLOBAL CAPITAL
dc.subjectGLOBAL CAPITAL MARKETS
dc.subjectGROSS NATIONAL PRODUCT
dc.subjectGUARANTEE FUND
dc.subjectGUARANTEE FUNDS
dc.subjectHOLDINGS
dc.subjectINCOME
dc.subjectINDEBTED
dc.subjectINDEMNIFICATION
dc.subjectINDEMNIFICATIONS
dc.subjectINDEMNITY
dc.subjectINDEPENDENT AUDITOR
dc.subjectINDEPENDENT AUDITORS
dc.subjectINDUSTRIAL COUNTRIES
dc.subjectINFLATION
dc.subjectINFLATION RATE
dc.subjectINFORMATION SERVICE
dc.subjectINFORMATION TECHNOLOGY
dc.subjectINSOLVENCY
dc.subjectINSOLVENT
dc.subjectINSOLVENT INSURERS
dc.subjectINSTRUMENT
dc.subjectINSURANCE ACTIVITY
dc.subjectINSURANCE AGENTS
dc.subjectINSURANCE BROKERS
dc.subjectINSURANCE CARRIERS
dc.subjectINSURANCE COMPANIES
dc.subjectINSURANCE COMPANY
dc.subjectINSURANCE CONTRACTS
dc.subjectINSURANCE COVERAGE
dc.subjectINSURANCE INDUSTRY
dc.subjectINSURANCE MARKET
dc.subjectINSURANCE MARKETS
dc.subjectINSURANCE POLICIES
dc.subjectINSURANCE POLICY
dc.subjectINSURANCE PREMIUM
dc.subjectINSURANCE PREMIUMS
dc.subjectINSURANCE PROGRAM
dc.subjectINSURANCE SYSTEM
dc.subjectINSURER
dc.subjectINTERESTED PARTIES
dc.subjectINTERESTED PARTY
dc.subjectINTERNAL CONTROL
dc.subjectINTERNAL CONTROLS
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL STANDARDS
dc.subjectINVESTING
dc.subjectISSUANCE
dc.subjectJUDGMENT
dc.subjectJURISDICTIONS
dc.subjectLACK OF COMPETITION
dc.subjectLAWS
dc.subjectLEGAL FRAMEWORK
dc.subjectLIABILITY
dc.subjectLIABILITY INSURANCE
dc.subjectLIBERALIZATION
dc.subjectLOSS OF EARNINGS
dc.subjectLOSS RATIO
dc.subjectMANDATE
dc.subjectMARKET FORCES
dc.subjectMARKET OVERSIGHT
dc.subjectMARKET PRACTICES
dc.subjectMARKET PRICE
dc.subjectMARKET PRICES
dc.subjectMATURE MARKETS
dc.subjectMIDDLE-INCOME COUNTRIES
dc.subjectMONOPOLIES
dc.subjectMONOPOLY
dc.subjectMORAL HAZARD
dc.subjectMOTOR INSURANCE
dc.subjectNON-LIFE INSURANCE
dc.subjectNONPROPORTIONAL REINSURANCE
dc.subjectOUTSTANDING CLAIMS
dc.subjectPAR VALUE
dc.subjectPAYMENT OF CLAIMS
dc.subjectPERSONAL LIABILITY
dc.subjectPOLICYHOLDERS
dc.subjectPOLITICAL ECONOMY
dc.subjectPORTFOLIO
dc.subjectPREMIUMS
dc.subjectPRICE COMPETITION
dc.subjectPRIVATE INSURANCE
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.subjectPROFIT MARGIN
dc.subjectPROPERTY DAMAGE
dc.subjectPROPERTY DAMAGES
dc.subjectQUOTA SHARE REINSURANCE
dc.subjectRATES
dc.subjectREINSURANCE
dc.subjectREINSURANCE TREATY
dc.subjectRESERVE
dc.subjectRESERVES
dc.subjectRISK MANAGEMENT
dc.subjectRISK POOLING
dc.subjectRISK PREMIUM
dc.subjectRISK PREMIUMS
dc.subjectRISK TRANSFER
dc.subjectSECURITIES
dc.subjectSETTLEMENT
dc.subjectSETTLEMENT OF CLAIMS
dc.subjectSOCIAL SECURITY
dc.subjectSOCIAL SECURITY SYSTEMS
dc.subjectSOLVENCY
dc.subjectSOLVENCY REQUIREMENTS
dc.subjectSTATE GUARANTEE
dc.subjectSUPERVISORY AUTHORITIES
dc.subjectSUPERVISORY AUTHORITY
dc.subjectTAX
dc.subjectTAXIS
dc.subjectTORTS
dc.subjectTREASURY
dc.subjectTREATIES
dc.subjectTREATY REINSURANCE
dc.subjectUNDERWRITING
dc.subjectVALUATION
dc.subjectVARIABLE COST
dc.subjectVEHICLE REGISTRIES
dc.subjectVEHICLE REGISTRY
dc.subjectWAGES
dc.subjectWITHDRAWAL
dc.subjectWORLD TRADE
dc.titleMotor Third-Party Liability Insurance in Developing Countries : Raising Awareness and Improving Safetyen
dspace.entity.typePublication
okr.date.disclosure2012-06-20
okr.date.doiregistration2025-05-07T12:02:12.686207Z
okr.doctypeEconomic & Sector Work::Other Financial Sector Study
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2009/01/16404253/motor-third-party-liability-insurance-developing-countries-raising-awareness-improving-safety
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.globalpracticeTrade and Competitiveness
okr.guid645231468155122946
okr.identifier.externaldocumentum000426104_20120620153102
okr.identifier.internaldocumentum16404253
okr.identifier.report69971
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2012/06/20/000426104_20120620153102/Rendered/PDF/699710ESW0P09800liability0insurance.pdfen
okr.sectorFinance :: General finance sector
okr.themeFinancial and private sector development :: Regulation and competition policy
okr.topicLaw and Development::Insurance Law
okr.topicInsurance and Risk Mitigation
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Bankruptcy and Resolution of Financial Distress
okr.unitNon-Banking Financial Inst - WB (FCMNB)
okr.volume1 of 1
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