Motor insurance
Guaranteed auto protection insurance market slated for 7% CAGR through 2032
Guaranteed auto protection insurance market slated for 7% CAGR through 2032
Automobile industry and awareness in China are driving GAP insurance adoption.
Commercial auto insurance sector slated for 6% CAGR by 2032
In APAC, the market is expanding rapidly thanks to increased trade.
Australians pay $585 on average for car insurance
Insurance prices increased by 14% as of September last year.
Lippo General Insurance launches telematics app for safe driving
The app analyses real-time driving data and offers a reward system.
India's non-life insurers premiums surges 13% in FY 23-24
Health insurance remained the largest segment with a 40.29% share.
EV insurance registrations surge in China during December's final week
Nio recorded 6,500 insurance registrations, up 20.37% WoW.
Budget Direct unveils new commercial vehicle cover
Customers can opt for the benefit of vehicle repairs at their preferred location.
Bank Negara Malaysia issues code for insurers, takaful operators
It aims to enhance public trust and confidence in Malaysia’s motor claims and repair industry.
Global auto insurance market to hit $2.27t by 2032
However, the adoption of autonomous vehicles could dampen growth.
ICA to consult on motor vehicle insurance code update
The initial draft was supposed to be released within this year.
Insurance regulation in Sri Lanka 'developing with limited transparency': Fitch Ratings
The country has one of the lowest insurance penetration rates in Asia.
Singapore’s general insurance industry to grow 6.2% CAGR by 2029
The industry is expected to expand by 8.0% in 2024.
Malaysia considers mandatory car insurance for private vehicles
The transport minister said it could affect insurance costs.
Aussies three times more likely to insure cars than themselves: survey
Whilst almost 80% have car insurance, only one-third hold life insurance.
Zurich Malaysia offers motorcycle insurance on Shopee
It includes add-ons like passenger liability, natural disaster protection, and strike coverage.
South Korean insurers brace for profit squeeze amidst rate cuts
Direct premiums from long-term products contributed to a 3.7% increase in 2023.
Car Insurance Aggregators market to hit $5b in 2024
It is also forecasted to see a CAGR of 12.2% through 2028.
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Embrace AI or be left behind, an expert said at the Asian Banking & Finance and Insurance Asia Summit today.
Commentary
Ageing populations and rising mortality main concerns for life insurers and reinsurers