Motor insurance
APAC motor insurance slated for 5.6% CAGR by 2029
APAC motor insurance slated for 5.6% CAGR by 2029
China, Japan, Australia, South Korea, and India are top market performers.
Philippines proposes motor premium hikes with wider cover
The revised premium structure retains fixed additional charges.
Auto insurers under strain from high-tech repairs
Fixing EVs is expensive, leading many to declare these as a loss.
YAS deploys AI to adjust premiums for Hong Kong taxis
It will initially cover around 1,000 hybrid and electric taxis.
Shriram General wins ₹28.6m claim case with fraud ruling in Rajasthan
The case involved a Toyota Fortuner insured by SGIC.
China leads Asia telematics growth with insurer tech adoption
Global expansion is driven by the increased adoption of usage-based insurance.
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.
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.
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