Motor insurance
Guaranteed asset protection insurance guaranteed to reach $12b by 2033
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.
Zurich Malaysia launches EV insurance with charger cover
Zurich has also partnered with Gentari Green Mobility to boost EV charging visibility.
bolttech and Harmony Auto launch EV insurance for BYD in Indonesia
It supports Indonesia’s goal of putting 2 million electric cars on the road by 2030.
AXA Hong Kong and Macau unveil typhoon parametric cover for MOTOGO members
It also unveiled a travel insurance coverage of up to $38,220.21.
Allianz Commercial flags battery overheating as key EV insurance concern
Allianz noted that 15% to 30% of EV fires are linked to charging.
QBE launches minor car damage coverage in the Philippines
It allows car owners to get small cosmetic repairs without a claim.
China EV brands log stronger insurance counts in late July
Nio recorded 3,250 insurance registrations.
Tokio Marine rebrands direct auto insurance unit to expand digital visibility
TMDI will operate alongside Tokio Marine Nichido.
Auto insurance market to reach $2.27t by 2032
Asia-Pacific is forecast to be the fastest-growing region through 2032.
Thought Leadership Centre
In Association with
Most Read
1. India insurance market sees moderating premium growth: Report 2. Singapore’s non-life insurers see growth as offshore business expands 3. Manulife to sell MVI Life to Japan’s Asahi Life 4. Hong Kong reinsurers to absorb significant claims from Wang Fuk Court fire 5. Singlife, Lion Global Investors launch physical gold fund in SingaporeResource Center
Read Here
Advertise
Sign Up
Awards
Jul
07
Events
Event News
Showcase your achievements and gain recognition for shaping the future of insurance.
Commentary
AI isn’t replacing insurance, it’s finally making it work