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Auto-insurance
Widespread economic recession countries has caused in massive importation of second -hand vehicles from developed countries .These
are in many instances smuggled into these countries on a large scale .
This coupled with the precense of pothole-filled roads has resulted in a high rate of road accidents.Hence,there is obvious need auto-insurance policies.
The insurance insurance industry in developing countries ,although oth erwise vibrant is bedevilled by a number of problems among which are absence of trust between the insures and thieir
carry bogus auto-insurance documentshelp them through police checkpoints and to pursue
spurious auto- insurance claims which the insurers are unwilling to pay.
The insurers themselves suffer liquidity problems because of slow or non-payment
of premiums by insurance brokers whoarethe most important distribution channel .
Lack of requisite skiil to participate in highly specialised transactions other than auto- insurance especially in high value areas like marine , aviation and gas.Inability
to attract and retain skilled talent,low investment snd asset
carry bogus auto-insurance documentshelp them through police checkpoints and to pursue
spurious auto- insurance claims which the insurers are unwilling to pay.
The insurers themselves suffer liquidity problems because of slow or non-payment
of premiums by insurance brokers whoarethe most important distribution channel .
Lack of requisite skiil to participate in highly specialised transactions other than auto- insurance especially in high value areas like marine , aviation and gas.Inability
to attract and retain skilled talent,low investment snd asset
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