Motor insurance
ICA calls for reforms as motor insurance premiums hit A$1,052 in 2024
ICA calls for reforms as motor insurance premiums hit A$1,052 in 2024
Car repair bills now making up 60% of claim costs.
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.
Hyundai India partners with Magma for motor insurance
It will be offered across 600+ dealerships across the country.
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.
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Enterprisers struggle with cumbersome loan requirements and high collateral.
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The increasing number of affluent individuals in India and their evolving insurance needs
Rethinking insurance for the masses