Insurance in the Age of Shared Mobility: Challenges and Solutions

Starting: 9th October 2024 12:00 - 14:00 Online

Motor insurers are facing a paradigm shift in mobility with low powered vehicles, ride and vehicle sharing, how best to tackle it?

Description

As the transportation and the mobility sector undergo unprecedented transformation, traditional underwriting methods may fall short in addressing the emerging risks on the roads. In the absence of historical data, insurers must adapt by delving into innovative approaches to analyse, price, and monitor these novel risks. Gain important insights into the challenges being faced and the solutions being proposed and explore some of the strategies that are being adopted.

 

Topics

  • New types of low powered and electric powered vehicles
  • Vehicle and ride sharing
  • Pay per use insurance
  • The insurance risks generated by such vehicles
  • Underwriting LPVs and shared mobility
  • Handling the claims

 

Learning Objectives

  • Understanding the risks presented by new types of vehicles and ride/vehicle sharing schemes
  • Underwriting the risks effectively
  • Efficient processing of claims generated

 

Target Audience

Underwriters, claims handlers and intermediaries working in the motor insurance industry, as well as providers and suppliers of emerging mobility services.

 

Assessment Questions and Answers

In line with MFSA requirements, a short multiple-choice assessment will be provided by the trainer towards the end of the session. A Certificate of Attendance will be awarded to all students who attend the CPD (duration will be included on certificate). A Certificate of Achievement will be awarded to those who sit for the assessment and are successful (pass mark 60%).

Trainers

Francis Valletta, ACII, Chartered Insurer

Francis is a Chartered Insurer with over 35 years of experience in Motor Insurance. He currently serves as the General Manager of the Motor Insurance Division at a leading motor insurer in Malta, where he oversees all aspects of the division’s operations. In addition, he is a Visiting Assistant Lecturer in the Department of Insurance and Risk Management at the University of Malta’s Faculty of Economics, Management & Accountancy, where he shares his expertise with the next generation of insurance professionals. Francis is an active member of several industry associations and committees, including the council of the Malta Green Card Bureau and the Motor Insurers Bureau, which he currently chairs. He also serves as a member of the Motor Sector Committee of the Malta Insurance Association and represents the committee in the Motor Insurance Working Group of Insurance Europe.

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Why Choose Us

MITC is made up of a close-knit team with a real passion for learning and insurance, who believe in the continuous development and empowerment of individuals through learning. We understand all of the nuances and challenges that come with insurance training and, that is why we’re here to help you get your training right.

Our courses are developed following in-depth research and consultation on the subject matter and the related market, thus ensuring participant needs are met. All our trainers are experts in their field and actively contribute towards the continuous development of the courses which they deliver.

Our training services are accredited by the Malta Further and Higher Education Authority (MFHEA) and the European Qualifications Framework platforms. MITC’s homegrown insurance programmes are recognised by the renowned Chartered Insurance Institute, UK.

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