Event Details
About This Event
This webinar is 60 minutes.
This webinar is complimentary to non-North American audiences in the CAS.
The India motor insurance market is currently undergoing changes to a large distribution channel. Automobile dealerships in India act as Motor Insurance Service Providers (MISPs). In this role dealerships sell insurance policies and act as distributors. Major automotive original equipment manufacturers (OEMs) influence these dealers as they act as MISPs. Around January 2020 two major OEMs were penalized by the Insurance Regulatory and Development Authority of India (IRDAI) for not adhering to the MISP guidelines originally outlined. We will review the historical context of this channel and what the future might hold for MISPs and OEMs in India.
Key Messages
The effective detariffication of OEM dealerships will be incredibly exciting to behold. As the Insurance Regulatory and Development Authority of India (IRDAI) requires OEM dealerships to give insurers more pricing freedom, how will all corners of the market react?
Learning Objectives
- Understand how the OEM channel operates in India.
- Learn how the regulators are changing the landscape.
- Learn where this channel is headed in the future.
This webinar is complimentary to non-North American audiences who are part of the CAS and the CIA. The webinar will be conducted over GotoWebinar. The link to enter the webinar will be sent on successful registration. Please make sure to test your system.
Walker Parent, ACAS, has worked in various roles in the insurance industry for the past 10 years. He began his work developing indications for the US personal automotive and personal property lines of business. In 2017 he took a modeling role and has been building predictive models for the past 5 years. In this role he has worked in markets across the globe: Malaysia, Thailand, Chile, Brazil, Singapore, Vietnam, and India. He leads the end-to-end pipeline of the modeling process. He manages a team creating data sets, building predictive models and supporting their implementation.
Manish Sachdeva has over 12 years of experience in the General Insurance Industry. Manish has worked with Towers Watson (formerly EMB Consultancy), EY & AXA Business Services on a variety of pricing, analytics & reserving projects mostly for UK, Europe & middle East markets. In his current role, he is responsible for the Pricing and Analytics team at Liberty General Insurance.
