Motor insurance
China motor insurance market to rise 5.2% this year
China motor insurance market to rise 5.2% this year
New energy vehicles are gaining traction in China’s vehicle market.
Allianz Partners India joins Pulse Energy for real-time EV charger access
An EV trip planner will map routes with available chargers.
What will drive India’s general insurance sector this year?
The industry is slated to grow by 11.2% this year.
India’s general insurance sector slated to expand 11.2% in 2024
Motor insurance is anticipated to account for 31.1% of GWP.
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.
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AI isn’t replacing insurance, it’s finally making it work