Motor insurance
SAIC partners Lockton to cover overseas manufacturing sales risks
SAIC partners Lockton to cover overseas manufacturing sales risks
The deal links SAIC Motor Insurance with cross border support for after sales activities abroad.
2 days ago
Japan motor cover buckles as 60% loss ratio erodes margins: Gallagher Re
Motor lines account for around 47% of gross written premiums, amplifying the 2024 deterioration.
Sri Lankan insurers brace for 2025 profit squeeze as non-motor losses mount
Low retention and strong reinsurance keep most rated credit profiles intact.
Singapore insurance stays buyer-friendly despite motor hikes
The report says prices are flat to moderately lower across most major lines.
Can China’s $140b motor insurance market survive a 70% loss ratio?
Loss ratios surged from 57% to 70% in four years as NEV repair costs and parts prices spiked.
Zurich, YAS use AI to link taxi insurance to driving behaviour
Drivers with higher scores will unlock broader coverage and more benefits.
Malaysia motor insurance premiums hit $3.3b by 2030
Lower borrowing costs are also expected to support vehicle purchases.
Howden brokers Ping An–Dhipaya pact for Thailand EV cover
It also aims to help Chinese EV brands address key overseas challenges.
Guaranteed asset protection insurance guaranteed to reach $12b by 2033
Demand continues to rise as vehicle accidents increase and more consumers finance new and used cars.
Oona Insurance partners with Tesla on free Model Y coverage
They will offer 12 months of coverage supported by Oona’s digital claims service.
Driver accident insurance market to reach $9.5b by 2029
Growth will likely be supported by the wider use of telematics in insurance products.
Tokio Marine completes $615m purchase of Ignyte’s auto business
Tokio Marine expects growth in the collector vehicle segment in the US.
China’s non-motor insurers to gain from tighter commission rules
However, the move is expected to slow premium growth amongst small insurers.
APAC’s guaranteed auto protection insurance market slated for 13.2% CAGR
Globally, the market is expected to grow from $3.2b in 2021 to $8b by 2031.
Why Australians rate EVs as pricier to insure despite similar costs
Youi’s data shows that EV insurance costs can be comparable to petrol vehicles.
Commercial vehicle insurance market to reach $199b by 2029
The market was valued at $141.52b in 2024.
How India’s two-wheeler insurance claims rose 15% in 2024
EV-related claims are 18% to 20% more frequent than petrol bike.
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