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  1. Yangon University of Economics
  2. Master of Development Studies (MDevs/EMDevS)

CHALLENGES FOR THE DEVELOPMENT OF COMPREHENSIVE MOTOR INSURANCE IN MYANMAR

http://hdl.handle.net/20.500.12678/0000001208
http://hdl.handle.net/20.500.12678/0000001208
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Title
Title CHALLENGES FOR THE DEVELOPMENT OF COMPREHENSIVE MOTOR INSURANCE IN MYANMAR
Language en
Publication date 2019-12
Authors
Win Aung Tun (EMDevS - 50)
Description
By helping people face up to and manage risk effectively, insurance is an invaluable part of modern society and the motoring experience. In the current situation, adequate compensation encourages victims to claim and persuade them to accept an illegal compensation payment, creating financial burdens for vehicle owners, and at the same time causing difficulties in control and reduction of traffic accident efforts. Comprehensive Motor Insurance is a difficult class of business to manage. Myanmar Comprehensive Motor insurance industry, that is relatively underdeveloped in comparison to that of other ASEAN countries, is highly suffering from the higher motor claims as a result of increment in cost of materials and payment for the victims. But, with the appropriate strategies and operations in place, the rewards are there. Therefore, it is necessary to review the challenges for the development of comprehensive motor insurance. The objective of the study is to get appropriate coverage for the public by analyzing the situation of comprehensive motor insurance in Myanmar especially on premium and compensation and to find out the ways for the development of the comprehensive motor insurance. The quantitative method is used for the study. Primary data collected through questionnaire. Secondary data are also collected from some publications of the Myanma Insurance and MIA and appropriate and relevant internet websites. This study is presented with the aim of achieving actual progressive insurance industry by discovering the challenges for the development of Comprehensive Motor Insurance and the industry should promote and make known to all to benefit itself and the public.
Identifier https://ecor.yueco.edu.mm/handle/123456789/491
Journal articles
Yangon University of Economics
Conference papaers
Books/reports/chapters
Thesis/dissertations
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