Assessment of the Motor Third Party Compulsory Insurance Practices and Challenges: the case of selected Insurance Companies in Ethiopia
| dc.contributor.advisor | Shibre, Zewdie (PhD) | |
| dc.contributor.author | Debela, Habtamu | |
| dc.date.accessioned | 2018-10-30T09:55:18Z | |
| dc.date.accessioned | 2023-11-04T09:02:44Z | |
| dc.date.available | 2018-10-30T09:55:18Z | |
| dc.date.available | 2023-11-04T09:02:44Z | |
| dc.date.issued | 2017-06 | |
| dc.description.abstract | Rarely a week goes by without a motor accident featuring in the national press, often as headline news. Some of these are considered newsworthy simply due to unusual circumstances and can be quite minor, whilst others are tragic events involving death and serious injury and loss of property. The Ethiopian Government promulgated Motor Third Party Compulsory Insurance (MTPCI) law under proclamation 559/2008 with the aim of laying down a mechanism to alleviate economic loss as a result of road accident. The MTPCI in Ethiopia came into effect on 11th September 2011. The proclamation was revised after two years in service by Proclamation No. 799/2013. This paper tried to assess the practice and implementation of the legislation with insurance companies and IFAA. In order to address the research problem, both quantitative and qualitative research approaches were used and also considered both primary and secondary data. From the findings it was observed that the performance of MTPCI with both insurers and IFAA was very profitable but not well understood. The tariff premium collected by IFAA was found to be at high side compared against the payouts for hit & run and medical expenses. The EMT case was not as smooth as required and its performance was still far behind schedule. Moreover, according to the finding, there had been many operational disparities with companies including but not limited to declining both cover and claim. | en_US |
| dc.identifier.uri | http://etd.aau.edu.et/handle/123456789/13424 | |
| dc.language.iso | en | en_US |
| dc.publisher | Addis Ababa University | en_US |
| dc.subject | Motor Third Party | en_US |
| dc.title | Assessment of the Motor Third Party Compulsory Insurance Practices and Challenges: the case of selected Insurance Companies in Ethiopia | en_US |
| dc.type | Thesis | en_US |