Motor insurance
What risks insurers warn of in evolving motor insurance sector
Hong Kong’s push for EVs has insurers dissecting the risks and rewards in the evolving motor industry.
What risks insurers warn of in evolving motor insurance sector
Hong Kong’s push for EVs has insurers dissecting the risks and rewards in the evolving motor industry.
Malaysian motor insurance set for 7.5% growth by 2028
The industry is seen to account for more than 45% of the general insurance sector.
FWD Singapore, Income Insurance partner amidst EV demand
Existing motor policies at FWD Singapore will remain unaffected.
Vietnam's general insurance to hit $3.9b by 2028
Motor insurance holds the third-largest share in 2023’s GWP.
India’s non-life premiums see double-digit growth in FY’24
The industry is projected to grow 13% to 15% in the medium term.
Global non-life reinsurance market to see improved margins
The market witnessed a dramatic increase in average retentions on property reinsurance programmes.
S’porean vehicle owners can access accident reports via new service
Vehicle owners can purchase a report for S$90 each.
Allianz unveils on-the-go charging coverage for EVs
Emergency charging service rangers are also available in the Klang Valley.
Worst Seoul flooding triggers more than $50m in motor claims
4,791 car owners have filed for insurance claims due to damages by the flood.
Indian human rights group seeks mandatory insurance for truck drivers
They are seeking a cover of $18.9k for every truck driver, co-driver, and helper.
India jacks up third-party motor insurance premiums
The increase takes effect on 1 June.
Indian insurers forbidden from advertising services not part of cover
The regulator said this is ‘unacceptable’.
Japanese general insurers shift focus to property and specialty lines
Motor insurance premium decline triggered this shift.
Allianz Malaysia CEO calls for unity vs motor claims fraud
Motor claims fraud costs the industry $240.5m (MYR1b) per year, he said.
Motor policy complaints in Malaysia drop over past five years
Complaints fell to 1,025 in 2020 from 2,159 in 2016.
Carro floats AI-driven motor insurance plan
Covered is a pay-per-kilometre insurance and maintenance plan.
Thai motor premiums jump 2.5% in Q1 2021
But overall new car sales dropped 18.4%.
Thought Leadership Centre
Most Read
1. bolttech secures $50m venture debt from HSBC, expands market 2. Life insurance premiums forecast to grow by 3% yearly until 2026 3. Prudential launches AI lab in Singapore 4. Japan’s life insurance slated for 4.7% CAGR through 2029 5. Asia leads in embedded insurance, set to reach $170b by 2030Resource Center
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Humans need to be in insurance’s genAI loop
![Humans need to be in insurance’s genAI loop]()
Insurance
Employees still need to interpret AI-generated data and make decisions to minimise risks.
Employees still need to interpret AI-generated data and make decisions to minimise risks.
