AZADPAKISTAN2009
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I was just wondering
How come there is no Auto Insurance ? In Pakistan
In Western Society , the Auto Insurance does few positive things in Economy
a) It creates Jobs in Insurance sector , Insurance advisors , customer support , claim agents etc
b) It gives protection to people in time of serious accidents , helps replace or repair your car. Helps protect you
if you kills someone in accident and you get sued in court
c) It forces people to drive safely or their Insurance rate will go up , if it is too high then you can't drive your driver license is cancelled. Car is confiscated
d) Expensive cars like BMW etc have higher rates of insurance
e) Car insurance also covers for Theft incidents
Motor Bikes have the "MOST EXPENSIVE insurance premiums due to dangers to society and danger of lethal accidents
> Police force , can better control illegal cars by checking Insurance coverage
In return may be the Insurance sector can contribute a premium into Police Force , by means of Direct funding to police department based on number of insured cars on road. Extra funding to increase police salaries
Insurance also forces , smaller numbers of cars on road
This sector could easily create Million Jobs in Pakistan
People who are caught with no insurance get their licence revoked , cars sent to recycle
It is funny becasue car insurance help identify terrorist as well, most of time the Terrorist will not have any insurance paper
Typically if there is a criminal Warrent for a person , the info is channelled from police system to the insurance company so whenever the person is stoppped at road by police and they check his profile they will know he /she is a criminal wanted
Most police officers in Western Society ask 2 things (Ownership paper + Insurance)
Becasue of the fear of hig premium (monthly payments for insurance) if they get into acccident people all drive very carefully and it all contributes to a safe road experience
Some possible Job titles
> Insurance Broker
> Insurance Manager
> Under Writing agent
> Customer Service Representative (Call Center)
> Territory Managers
Indirect Jobs:
> Mechanical work done on car repairs done with Insurance company's approval
> Appraiser who judges the damage in accident prepares estimates
> Tow Truck
> Painters who paint the cars after accident brand new
> Auctioneers who buy write off cars and sell parts of it after purchase
> Car parts company in Pakistan sells new parts for repairs less chance of dented car running around city
>Lawyers pressing claims against insurance companies for negotiation of claim
Wellness Jobs:
> Nurse and Attendant care after accident paid by insurance company
> Physio therapy consultant
Private care in hospital:
>Paid for by insurance for legitimate accidents
> Fines for insurance violators (Revenue for Police department)
> Fines for people who have insurance but can't produce copy for officer
> Lawyers who work with claims against bodily harm (if you hit a person etc break their arm or kill somoene)
> Storage facilities where violator's cars are kept for demolishing or sale for unclaimed cars after certain days
Plus: Insurance dictates you install steering wheel blockers, GPS hidden locator etc so new gadgets are always being sold to consumer
Note: Added this line later when people pointed on some places who offer auto insurance , however may be 0.05% of people would have auto insurance as it is not mandatory like it is
all over the world. i.e if you have a car you need to have insurance. The fact even I did not knew about existence shows how little developed area this is
How come there is no Auto Insurance ? In Pakistan
In Western Society , the Auto Insurance does few positive things in Economy
a) It creates Jobs in Insurance sector , Insurance advisors , customer support , claim agents etc
b) It gives protection to people in time of serious accidents , helps replace or repair your car. Helps protect you
if you kills someone in accident and you get sued in court
c) It forces people to drive safely or their Insurance rate will go up , if it is too high then you can't drive your driver license is cancelled. Car is confiscated
d) Expensive cars like BMW etc have higher rates of insurance
e) Car insurance also covers for Theft incidents
Motor Bikes have the "MOST EXPENSIVE insurance premiums due to dangers to society and danger of lethal accidents
> Police force , can better control illegal cars by checking Insurance coverage
In return may be the Insurance sector can contribute a premium into Police Force , by means of Direct funding to police department based on number of insured cars on road. Extra funding to increase police salaries
Insurance also forces , smaller numbers of cars on road
This sector could easily create Million Jobs in Pakistan
People who are caught with no insurance get their licence revoked , cars sent to recycle
It is funny becasue car insurance help identify terrorist as well, most of time the Terrorist will not have any insurance paper
Typically if there is a criminal Warrent for a person , the info is channelled from police system to the insurance company so whenever the person is stoppped at road by police and they check his profile they will know he /she is a criminal wanted
Most police officers in Western Society ask 2 things (Ownership paper + Insurance)
Becasue of the fear of hig premium (monthly payments for insurance) if they get into acccident people all drive very carefully and it all contributes to a safe road experience
Some possible Job titles
> Insurance Broker
> Insurance Manager
> Under Writing agent
> Customer Service Representative (Call Center)
> Territory Managers
Indirect Jobs:
> Mechanical work done on car repairs done with Insurance company's approval
> Appraiser who judges the damage in accident prepares estimates
> Tow Truck
> Painters who paint the cars after accident brand new
> Auctioneers who buy write off cars and sell parts of it after purchase
> Car parts company in Pakistan sells new parts for repairs less chance of dented car running around city
>Lawyers pressing claims against insurance companies for negotiation of claim
Wellness Jobs:
> Nurse and Attendant care after accident paid by insurance company
> Physio therapy consultant
Private care in hospital:
>Paid for by insurance for legitimate accidents
> Fines for insurance violators (Revenue for Police department)
> Fines for people who have insurance but can't produce copy for officer
> Lawyers who work with claims against bodily harm (if you hit a person etc break their arm or kill somoene)
> Storage facilities where violator's cars are kept for demolishing or sale for unclaimed cars after certain days
Plus: Insurance dictates you install steering wheel blockers, GPS hidden locator etc so new gadgets are always being sold to consumer
Note: Added this line later when people pointed on some places who offer auto insurance , however may be 0.05% of people would have auto insurance as it is not mandatory like it is
all over the world. i.e if you have a car you need to have insurance. The fact even I did not knew about existence shows how little developed area this is
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