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Stream/Area:
-
Subject:
-
Paper ID:
IJSREM66598
Volume:
10 |
8 |
Aug 2026
Pages:
1-7
Publication Frequency:
Monthly (12 issues per year)
License:International Journal of Scientific Research in Engineering and Management follows the Creative Commons Attribution 4.0 (CC BY 4.0) License, allowing free use and distribution with proper attribution.
Department of commerce
Government College (Autonomous) Mandya, Mandya University, Mandya,
Department of commerce
Government College (Autonomous) Mandya, Mandya University, Mandya,
Natural disasters such as floods, cyclones, landslides, cloudbursts, and severe storms have become increasingly frequent and intense in India due to climate change and rapid urbanization. These events significantly affect the motor vehicle insurance industry by increasing claim frequency, claim severity, operational costs, and financial risks for insurers. The present study examines the impact of natural disasters on motor vehicle insurance companies in India by analyzing their effects on claim settlement, underwriting practices, loss ratios, premium pricing, and overall financial performance. Introduction: India is one of the most disaster-prone countries in the world, frequently experiencing floods, cyclones, landslides, earthquakes, and other extreme weather events. Climate change, rapid urbanization, inadequate drainage systems, and increasing vehicle ownership have amplified the vulnerability of motor vehicles to natural disasters. These disasters result in extensive damage to vehicles, causing a substantial rise in insurance claims and imposing financial pressure on motor vehicle insurance companies. Purpose: The purpose of the study was to test the clarity, relevance, and reliability of the questionnaire. It helped in identifying ambiguous questions, improving the structure, and ensuring that respondents could easily understand and answer the questions. Ethics and Dissemination: This study adheres to established ethical standards in research. Participation of respondents is voluntary, and informed consent is obtained before data collection. Respondents' identities and personal information remain confidential and are used solely for academic purposes. The collected data are analyzed objectively without manipulation or bias. The study complies with institutional research ethics and maintains data privacy throughout the research process.
KEYWORDS
Natural disasters such as floods, cyclones, landslides, and heavy rainfall have a profound impact on motor vehicle insurance companies in India. These events lead to a sudden and significant increase in the number of insurance claims, along with higher claim amounts due to severe vehicle damage or total loss. As a result, insurers experience a rise in loss ratios, which directly affects their profitability and financial stability. In addition to financial pressure, natural disasters create operational challenges for insurance companies. Handling a large volume of claims within a short period leads to delays in claim settlement, increased administrative costs, and customer dissatisfaction. Insurers must also deal with difficulties in vehicle inspection and damage assessment during such events. Overall, natural disasters pose serious financial, operational, and strategic challenges to motor vehicle insurance companies, while also driving the need for innovation, better risk management practices, and policy improvements in the insurance sector.
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Publication Date
8/7/2026
Peer Review Type
Double-Blind Peer Review
Review Rounds: 2
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The authors declare no conflict of interest related to this research work.
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