chennai in a bid to revive consumer buying sentiment in the auto segment insurers are forging new tieups and strengthening relationships with manufacturers and dealers in order to woo customers with all under one roof deals we have tieups with tata and toyota and we are in talks with hyundai and maruti through such manufacturer and dealer tieups we hope to get bulk business that would translate to good volumes milind kharat cmd united india insurance said last fiscal motor insurance accounted for 3658 of the premiums underwritten by united india observers state that customers draw a lot of comfort from a single stop service in vehicle purchase in the current environment this incudes both car finance and insurance in the current scenario when selling of cars is becoming difficult manufacturers are keen to provide value to customers and insurance figures prominently in this value package vijay kumar chief technical officer bajaj allianz general insurance said such tieups assume significance in the current environment from the insurers stand point as well as motor insurance accounts for 40 of the business in general insurance dealer and manufacturer tieup will continue to be an important focus area for us this fiscal motor insurance is an area of competition for all insurers and everyone is looking to increase their motor insurance business from dealers g srinivasan cmd new india assurance said most of the companys first year motor premia are now sold from dealer outlets discounting is happening in the motor space currently depending on the car make and manufacturer dealers can pass on this discounting as free insurance as well kumar said such tieups kharat said also help improve profitability our loss ratio in motor business has come down from 52 in 201112 to 48 in 201213 we are able to take loss control measures more effectively be it garage visits negotiation of repair charges in case of damage he said such dealer tieups help in faster claim management in case of own damage losses to the vehicle on account of fire explosion floods and earthquakes eventually this helps us to keep our loss ratios under control srinivasan added