Motor insurance

China leads Asia telematics growth with insurer tech adoption

Global expansion is driven by the increased adoption of usage-based insurance.
3 days ago

South Korea’s motor insurance grows 2.4% in 2025 with rate hikes

Motor insurance remains the largest segment in the general insurance industry.

India’s motor insurance market to hit $21.5b by 2030

Passenger vehicle sales reached record levels last year, increasing 6% YoY.

Philippines orders higher insurance for private vehicle riders

The PPAI provides up to $7.2k (₱400,000) in death benefits.

Magma General expands motor insurance reach via Toyota Tsusho tie-up

TTIBI will distribute Magma’s motor insurance products through its network of 150 dealers.

APAC’s commercial auto insurance set for steady 3.2% CAGR

Globally, the market is forecasted to register CAGR of 9.9%.

Asia Pacific to lead global motor insurance growth

The market is also estimated to have bagged $833.8b last year.

Swiss Re warns motor insurers on rising claims pressures

Last year saw 90 million car sales, which required mandatory motor coverage.

MoneyHero launches integrated car insurance platform with bolttech

The new service allows customers to compare real-time quotes.

Australians spend A$138 monthly average on car insurance

A research also shows that 5% cancelled their car insurance altogether.

Motor theft claims surge 96% to $270m in Australia over nine years

Theft claim frequency also rose sharply in Queensland and metro Victoria.

Philippine senate bill seeks broader insurance for rehired, direct overseas workers

Recruitment agencies and foreign employers should be held accountable for their obligations.

Philippines cracks down on unauthorised third-party insurance seller

The government said it will deploy undercover “mystery customers”.

Ping An P&C, FAW Hongqi launch intelligent driving protection services

Ping An P&C developed the first full-scenario solution for intelligent driving.

Rising costs push 1 in 4 Australians risk voiding insurance

Neglecting routine maintenance could lead to consequences at the event of a claim.