Add Papers Marked0
Paper checked off!

Marked works

Viewed0

Viewed works

Shopping Cart0
Paper added to shopping cart!

Shopping Cart

Register Now

internet library
Atlants.lv library
FAQ
2,99 € Add to cart
Add to Wish List
Want cheaper?
ID number:582256
 
Author:
Evaluation:
Published: 16.12.2010.
Language: English
Level: College/University
Literature: 4 units
References: Used
Time period viewed: 2000 - 2010 years
Table of contents
Nr. Chapter  Page.
  Introduction    3
1.  OCTA system in Latvia    4
1.1.  About CTP insurance    4
1.2.  Bonus – Malus system    4
1.3.  Demand and supply of CTP insurance in Latvia    6
1.4.  CTP insurance structure    7
2.  Statistical data on compulsory third party insurance market for Latvian    8
  Conclusions and Suggestions    11
  Bibliography    13
Extract

Conclusions and Suggestions
Evaluating CTP insurance market system in Latvia I can conclude that:
1. Very often people recognize the abbreviation of the compulsory insurance of civil responsibility – CTP, with this designation should be understood that this insurance is compulsory and it covers the risks of potential losses, which a driver may cause to third persons or their property by driving the insured vehicle;
2. CTP insurance system is quite complex, but the exchange of information has been very good for the insurers and the state institutions and between the state institutions;
3. CTP insurance is the most popular and largest type of insurance according to the turnover, which is one of the main sources of incomes for the Latvian insurance companies. This is explained by the fact that the CTP insurance is compulsory, and if a person wants to move through the Latvian and EU public roads, CTP insurance is required.
4. CTP insurance market in Latvia as well has been affected by the global economical crisis, after the quick rise in the 2007 and in 2008, it has also experienced a sharp decline. This is mainly due to the decline of CTP insurance prices rather than the drop in number of customers;
5. BTA is the leader of CTP insurance market in Latvia, which mainly competes with the market price, and offers its customers additional offers to CTP insurance, such as daily information and technical support as well as the opportunity to apply for the delivery of fuel;
6. Similarly the AAS "BTA" other insurance companies also offer additional services to CTP in that way making CTP insurance offers wider and more enjoyable for the client that allows not to cut down the price of CTP and also attaches new clients.

Author's comment
Work pack:
GREAT DEAL buying in a pack your savings −3,48 €
Work pack Nr. 1235832
Load more similar papers

Atlants

Choose Authorization Method

Email & Password

Email & Password

Wrong e-mail adress or password!
Log In

Forgot your password?

Draugiem.pase
Facebook

Not registered yet?

Register and redeem free papers!

To receive free papers from Atlants.com it is necessary to register. It's quick and will only take a few seconds.

If you have already registered, simply to access the free content.

Cancel Register